[1] HM Revenue and Customs (HMRC) states that the main goal of MTD is to make tax administration more effective, more efficient and simpler for taxpayers.
[3] Businesses and individuals (or their agents) will be required to keep digital records of transactions, and send quarterly updates to HMRC.
This statement must be submitted by the 31 January following the end of the tax year, and may include accounting adjustments and claims for reliefs or allowances.
[6] HMRC is working with accounting software developers to ensure that taxpayers are able to make the switch to digital tax.
[1] MTD was removed from the 2017 Finance Bill ahead of the June general election, leading to speculation that the programme had been dropped.