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SMEs see productivity boost from MTD


Analysis from Intuit QuickBooks shows that HMRC’s Making Tax Digital (MTD) has helped small businesses generate over £815m in productivity gains in the six months since its enactment. The figures show that almost a third of small businesses have adopted new digital services or products since becoming MTD compliant. The analysis suggests that three in five businesses back MTD being applied to other forms of tax; more than half believe a wider rollout would save them time and increase productivity; two in five say MTD has provided a more accurate view of company finances; and a third say switching to MTD compliant processes has not been complicated.


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