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businesses lack confidence in their digital skills

One in five firms and landlords are not using digital tax platforms because they lack confidence in their digital skills, with the same proportion believing poor broadband will be a barrier to complying with Making Tax Digital (MTD) obligations, according to new research from Ipsos Mori for HMRC.

The findings come as a new report from the Federation of Small Businesses (FSB) shows one in four (26%) small business owners in England lacks confidence in their basic digital skills, hampering national productivity.     

The HMRC research finds that seven in 10 businesses and landlords (70%) are unaware of the forthcoming rollout of MTD and one-third believe making quarterly digital tax returns will be difficult.

For more information about Making Tax Digital, call in at The Knowledge Shop, part of Expo (Stoneleigh Park, Warwickshire, 14-16 January, 2018) where dealers can find free business advice.

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