Do digital accounting records really improve accuracy?
According to the HMRC Overview of Making tax digital: -
"The improved accuracy that digital records provide, along with the help built into many software products and the fact that information is sent directly to HMRC from the digital records, avoiding transposition errors, will reduce the amount of tax lost to these avoidable errors."
Now that we are into the live digital reporting for VAT, what are your views on this statement. Do you really believe there is improved accuracy?
Leave your views and thoughts below. This is an anonymous survey.
This question requires an answer
1. Do you agree that digital records lead to improved accuracy? *