Glossary definition

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

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