 |
answer text |
<p>HMRC works closely with the software industry to ensure that businesses have access
to products that suit their budgets and needs.</p><p>The introduction of Making Tax
Digital (MTD) for VAT has resulted in a competitive software market. Many businesses
that were already using subscription-based accounting software before MTD saw their
products upgraded for MTD compatibility for free. Several free and low-cost software
products are available.</p><p>HMRC expects a similarly competitive market for MTD
for Income Tax Self Assessment. The government remains committed to working with software
suppliers to ensure there are free MTD for Income Tax Self Assessment software products
for businesses with straightforward tax affairs.</p>
|
 |
