Few Warwickshire Businesses Ready for Making Tax Digital

Headline: Less Than Half of Warwickshire Businesses Ready for Making Tax Digital, Survey Reveals
A recent survey has found that fewer than 50% of businesses in Warwickshire are fully prepared for the government-initiated Making Tax Digital (MTD) scheme. The survey highlights a significant gap in readiness among local enterprises, raising concerns about the potential challenges businesses might face in complying with the new digital tax requirements. This initiative, aimed at simplifying the tax process through digital record-keeping and submissions, requires businesses to adapt their systems and processes. Local authorities and business support groups are urging companies to take immediate action to ensure compliance and avoid potential penalties.