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The financial world is constantly changing. Nowadays, tax collection processes are made digital using specialised accounting softwares in aid to ease the government's activities.
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What is MTD? Making Tax Digital (MTD) is initiated by UK government, in the purpose of make tax administration more effective, more efficient and simpler for taxpayers. HMRC (HM Revenue and Customs) is collaborating with accounting software developers to ensure the taxpayers can easily switch to digital.