Making Tax Digital is expected to cost HMRC five times the original forecast in 2016 following repeated delays
The digitalisation of tax will cost HMRC £1.3bn, more than £1bn above the original budget of £226m, according to a report by the National Audit Office (NAO). So far HMRC has spent £642m on developing Making Tax Digital (MTD).
Many motorsport businesses will know only too well the significant extra cost burden associated with MTD.