What is a digital record?

In the context of Making Tax Digital, a digital record is simply a computerised version of an item of data. This might be, for example, a business address, a ledger, or a payment to a supplier.

Making Tax Digital mandates by law that businesses must keep and maintain digital records for most things relating to tax, meaning the majority of traditional paper-based processes involved in accounting are no longer permitted.

The ultimate guide to Making Tax Digital

Is your business ready for Making Tax Digital? Download this free guide to find out what it means for your business and the steps required to submit VAT returns.

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