The requirement to make quarterly updates for Making Tax Digital for Income Tax is ‘disproportionate and needs a rethink’, says ICAEW

Following the delay to the rollout of the extension of Making Tax Digital (MTD) for income tax, HMRC has stopped the pilot programme

HMRC has confirmed that companies will no longer be able to use existing VAT online accounts to file their annual VAT returns under any circumstances

The deferral of Making Tax Digital (MTD) for Income Tax Self-Assessment will cost the Treasury over £1.75bn in lost tax

The complexity of pricing models for software for Making Tax Digital reporting is a headache for businesses, while many rely on their accountants for advice on purchasing decisions

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

Tax advisers are calling on government to delay the introduction of quarterly reporting for self employed and landlords

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 digital services tax (DST) has raised approximately £358m from digital businesses including Amazon, Google and Apple in its first year

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