The Making Tax Digital is now legitimately the United Kingdom’s new tax system. In April 1st, 2019, businesses exceeding the VAT threshold of £85,000 are now required to keep tax records and do tax filings digitally. These businesses will also start complying with their tax obligations quarterly compared to the annual submission of tax reports in the previous tax system. Thus, what are the expected benefits that these businesses will get upon complying with their tax duties under the Making …