Making Tax Digital (MTD) is an initiative developed by HMRC in a bid to reduce the number of tax lost on a yearly basis. The vast majority of VAT-registered businesses with a taxable turnover above the VAT threshold (£85,000) will be mandated to keep digital VAT records and send returns using Making Tax Digital (MTD)-compatible software from 1st April 2019.

In his latest article for The Negotiator magazine, James Smith, Head of UK Sales, Kefron, looks at why sales and lettings agents should view MTD as a way to drive efficiencies across their entire invoice processing function.