Making Tax Digital survey

Making Tax Digital (MTD) is one of HMRC’s key strategic priorities, with the aim of transforming and modernising how tax is reported and managed. The first stage of MTD is to bring VAT into the digital domain with new reporting mechanisms. So, as the deadline looms, PM+M and the East Lancashire Chamber of Commerce have teamed up to survey local businesses to get a real insight into whether businesses are prepared.

The survey is anonymous and should only take a minute or so to complete. Your involvement would be much appreciated, so thank you in advance.

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* 1. Have you heard of MTD?

Yes

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* 2. Do you know when MTD for VAT comes into force?

Yes

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* 3. Do you know if you will be affected by MTD for VAT?

Yes

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* 4. Do you know what your business needs to do to be ready for MTD for VAT?

Yes

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* 5. Do you know the implications of not being compliant?

Yes

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* 6. Are you going to seek help from outside your business to become MTD ready?

Yes - from IT consultants

Yes - from accountants

Yes - from HMRC