The head of HMRC told MPs that it had underestimated the complexity of Making Tax Digital (MTD), which had caused eight years of delay and a failed pilot scheme
The Treasury minister has indicated that she is reviewing whether Making Tax Digital quarterly reporting is appropriate for people with earnings below £30,000
London Irish rugby club have been handed a winding-up petition by HMRC over an unpaid tax bill, becoming the third Premiership club to face financial meltdown
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
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