Introduction Income tax plays a pivotal role in the financial landscape of the United Kingdom, serving as a primary source of revenue for the government. As the country grapples with various economic challenges, understanding income tax becomes essential not only for personal financial planning but also for comprehending its broader implications on public services and
Introduction Making Tax Digital (MTD) represents a major shift in the way tax is administered in the UK. Launched by HM Revenue and Customs (HMRC), this initiative aims to simplify tax obligations for businesses and individuals by introducing a fully digital system. MTD is expected to make tax reporting more efficient, reduce errors and provide