MTD awareness and planning business survey results
ICAEW has surveyed 500 business, asking if they are aware of the new requirements under HMRC's Making Tax Digital (MTD) programme and what steps they have take to prepare for the changes. Close to half of respondents said they had not heard of MTD for VAT. Read the full survey results.
ICAEW undertook its "MTD awareness and planning: business survey" in July 2018*. The survey was, in part, a follow up to that was undertaken in Spring 2016. Its aim was to further ICAEW's understanding of:
At the time of the survey, just over half (51%) of all UK VAT registered businesses had heard of MTD for VAT.