Exploring the costs and benefits of Making Tax Digital for VAT experienced by smaller businesses
This research explored how Making Tax Digital for VAT has affected mandated businesses in terms of costs and benefits, both financial and non-financial.
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This research provided evidence about how Making Tax Digital (MTD) for VAT has affected costs and benefits for mandated businesses.
The research explored:
- the kinds of financial and non-financial costs and benefits experienced
- how costs and benefits are changing over time
- how businesses perceive the balance of costs and benefits
The research involved 31 in-depth phone interviews with small businesses mandated to join MTD for VAT. Fieldwork was conducted between 17 February and 5 March 2020, before Covid-19 restrictions.