The rise, 1% on the rate but an effective 10% increase in payments, was announced last year and takes effect from 6 April.
At the beginning of March Accountancy Age published findings which showed that one in four firms could be forced to cut recruitment as a result of the hike in the tax.
The BCC research comes just days away from the increase taking place but also found that, among SMEs, the numbers of companies saying they will have to take action to cut costs climbed to one in three.
MTD represents 'the single most significant change to the UK’s system of taxation in recent times', says Knill James partner Nick Rawson. So, how prepared are SMEs for digital tax reporting?
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Unincorporated businesses under the VAT threshold given an extra year to prepare before MTD becomes mandatory