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

Need help getting ready for Making Tax Digital? Download this free guide to learn about MTD for VAT, Income Tax and Corporation Tax, and what they mean for your business.

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