Article Preview:
The Treasury is keen to modernise the tax system, with work in recent years on ‘Making Tax Digital’ a considerable evolution of an often-dated approach to tax reporting and collection.
Now, the Treasury has laid out the agenda for an ambitious plan to create a broader digital tax system, supposedly fit for the 21st century.
The agenda forms part of the Treasury’s long-term tax digitisation plan, which is designed to boost national productivity, make it easier for businesses and people to pay tax and reduce avoidable errors and fraud.
