Investment March 2019
Business Tax Compliance Software
Growth StrategyProduct and Service Development
Why we invested
The aim of HMRC’s “Making Tax Digital” is to improve efficiency and make it easier for businesses to “get their tax right”. The initiative is driving fundamental changes in the way companies report their tax positions, starting with VAT and to be followed by corporation tax and income tax. As the established leader in corporation tax software in the UK and Ireland, Tax Systems was uniquely positioned to capitalise on these market opportunities and to drive the digitisation of tax reporting.
Number of customers
The story so far
The roll-out of MTD for VAT has just commenced, and is creating significant demand for the company’s reporting, computation and data extraction products.