Implementing "Making Tax Digital"

1. Implementing
“Making Tax Digital”
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2. Overview
Making Tax Digital is a key part of the government’s
plans to make it easier for individuals and businesses
to get their tax right and keep on top of their affairs.
HMRC’s ambition is to become one of the most
digitally advanced tax administrations in the world.
Making Tax Digital is making fundamental changes to
the way the tax system works – transforming tax
administration so that it is:
• More effective
• More efficient
• Easier for taxpayers to get their tax right
This paper will give you information about 3 major
product available in market and widely used in
Financial services.
Credits : HMRC
@Vineet Rai 2

3. GOOD FEATURE
PwC (GITC)Features KPMG (Sofy)EY
GOOD FEATURE GOOD FEATURE GOOD FEATURE“Making Tax Digital” Proof
GOOD FEATURE GOOD FEATURE GOOD FEATURESource data integration
GOOD FEATURE GOOD FEATUREUser access provisioning
GOOD FEATURE GOOD FEATUREPartial exemption
calculations
GOOD FEATURE BAD FEATURE BAD FEATUREXPartial exemption
calculations in real time
GOOD FEATURE BAD FEATURE GOOD FEATUREPartial exemption
modelling
GOOD FEATURE GOOD FEATURE GOOD FEATUREException reporting
GOOD FEATURE GOOD FEATURE GOOD FEATUREAnalysis reports
GOOD FEATURE MODERATE FEATURE
~ GOOD FEATUREAnnual adjustment
calculations
MODERATE FEATURE
~
MTD Product Comparison
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X
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4. PwC (GITC)Features KPMG (Sofy)EY
GOOD FEATURE GOOD FEATURE GOOD FEATUREReverse charge reporting
GOOD FEATURE GOOD FEATUREExchange rate support
GOOD FEATUREGOOD FEATURE GOOD FEATUREReconciliation
GOOD FEATURE GOOD FEATUREEntity Level VAT Support
GOOD FEATURE GOOD FEATURE GOOD FEATUREWorkflow Management
GOOD FEATURE GOOD FEATUREGOOD FEATUREManual adjustments
GOOD FEATURE GOOD FEATURE GOOD FEATUREData drill down capability
BAD FEATURECapital goods scheme
BAD FEATURE GOOD FEATUREArtificial Intelligence
capability
BAD FEATURE
MODERATE FEATURE
~
GOOD FEATURE
GOOD FEATURE
GOOD FEATURE
MTD Product Comparison
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X
GOOD FEATURE GOOD FEATURE GOOD FEATUREAbility to upload
supporting documents 
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