Making Tax Digital

Tax / HMRC steps up MTD letter campaign

HMRC has issued another 180,000 letters, following on from the 20,000 sent last week, to businesses affected by Making Tax Digital (MTD) for VAT, explaining the change and what they need to do to prepare for April 2019

Tax / Small businesses urged to apply for broadband vouchers

The government is strongly recommending that small and medium-sized enterprises (SMEs) make use of a £2,500 voucher to help with installing high-speed broadband and increase rural communities' access to the internet

Tax / CIOT criticises Budget for lack of coherence

CIOT has expressed concerns about the way that last week’s Budget was delivered, noting the lack of prior consultation and the number of measures announced as completed with little opportunity to explore their scope and operation

Tax / HMRC delays late payments penalty reforms

Planned reforms to HMRC’s penalty regimes for late submission and payment of tax due are to be further delayed while the department considers how best to communicate the changes, with papers published following the Budget indicating there are unlikely to be any change before April 2021 at the earliest

Tax / Williams: Making Tax Digital is a business opportunity for accountants

Making Tax Digital (MTD) should be seen as a chance for accountants to forge stronger links with clients, argues Nick Williams, head of UK accountants for Intuit QuickBooks

Tax / ‘Cracks showing’ in HMRC performance under Brexit pressures

MPs are warning 'cracks are showing' as HMRC seeks to manage a ‘daunting’ workload in advance of Brexit, with mounting concerns about the possible impact of delays introducing its new customs system on businesses adapting to a new VAT regime

Tax / Tax updates: November 2018

This month's review of tax cases and tax news including penalties determined by HMRC computers ruled invalid, HMRC launches full blown MTD VAT trial, CGT entrepreneurs’ relief denied as voting rights held for less than a year

Tax / Underwood: no winning tape in sight with Making Tax Digital

Keith Underwood, managing director of Foulger UnderwoodKato, discusses how accountancy firms can plan for Making Tax Digital investments as well as how to get clients to move onto a default system

Tax / Editor’s comment: only the beginning for Making Tax Digital

As HMRC launches the full trial for Making Tax Digital for VAT, nearly a million businesses can now test out the VAT quarterly reporting system which will be mandatory from April 2019. Sara White considers the longer term HMRC approach to digital tax reporting

Tax / Croner-i launches interactive Navigate Tax tool

Croner-i has launched Navigate Tax, a brand new interactive online system packed with practical modules for busy tax practitioners

Tax / MTD ‘heading for a giant car crash’ warns Lords committee

HMRC has only fully tested 23 software products compatible with Making Tax Digital (MTD) due to delays in rolling out the full trial and there is still widespread lack of awareness of the programme, Lords warn

Tax / MTD deadline pushed back for ‘small minority’

HMRC has confirmed that ‘a small minority’ of VAT-registered businesses with more complex requirements will not be required to switch to its flagship Making Tax Digital (MTD) for VAT regime at the deadline of 1 April 2019, but will be given a further six months to prepare

Tax / IT head sets out digital tax priorities for HMRC

HMRC is focusing IT efforts on developing the Customs Declaration Service, Brexit transition and replacing the obsolete Government Gateway over the next two years, while the API development programme is at the heart of the rollout of Making Tax Digital. Sara White reports on HMRC's IT vision

Tax / Lords to grill HMRC over Making Tax Digital progress

Senior executives from HMRC and the Treasury will give evidence on the balance of power between HMRC and the taxpayer and progress on the rollout of Making Tax Digital (MTD) for VAT to a House of Lords select committee this afternoon

Tax / Asquith: Making Tax Digital for VAT is only the beginning

HMRC has the technology to roll out Making Tax Digital faster, as with pre-approved invoicing in Italy and Spain, but is treading carefully, says Richard Asquith, vice president of global tax compliance at Avalara