The decision to delay the rollout of Making Tax Digital for income tax until 2026 could signal complications with the reporting system and lack of effective trials
The government has delayed the introduction of Making Tax Digital (MTD) for income tax for landlords and self employed by two years until 2026 and raised the threshold
HMRC has emailed accountants and tax agents whose clients still use old VAT online accounts to stress that the facility is now closed unless they have agreed a special exemption
The Chartered Institute of Taxation (CIOT) has unveiled its first-ever tax technology diploma, which provides tax professionals with the expertise and knowledge required to work in tax technology
John Edwards, CEO of the Institute of Financial Accountants (IFA), provides an overview of the Making Tax Digital for Income Tax (MTD ITSA) changes due to come into force in April 2024 and urges accountants to prepare now
More than half of landlords are not aware of the new rules under Making Tax Digital for Income Tax which will require quarterly reporting on property income
Many accountancy firms feel they are not prepared for the introduction of making tax digital for income tax self assessment (MTD ITSA), according to ICAS
HMRC has confirmed that it is conducting a four-day IT maintenance programme which will mean that the Making Tax Digital for VAT services will not be available
HMRC has finally published detailed guidance on how Making Tax Digital for Income Tax (MTD) will work for buy-to-let landlords and sole traders with qualifying income over £10,000 which will see the end of self assessment tax returns
Moving traditional tax software to the cloud improves productivity but forward planning and data control is critical, explains Russell Gammon, chief solutions officer at Tax Systems
Experts at the Chartered Institute of Taxation (CIOT) are calling for the next prime minister to review the Making Tax Digital rollout timetable and simply the tax system
The head of HMRC has written to accountancy firms informing them that the soft landing penalty waiver for Making Tax Digital for VAT will be removed from November
