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'Making Tax Digital' and Bank Charges

Money Box

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Navigating Making Tax Digital

This chapter explores the 'Making Tax Digital' initiative and its impact on small business owners, particularly highlighting the concerns of a pensioner and a sound artist. They discuss the increased workload due to required quarterly tax submissions and the financial implications of the initiative on small businesses. The conversation raises critical questions about the practicality and accessibility of the new digital tax processes amidst the push for modernization.

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