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
The next big change in the tax world is the move to Making Tax Digital for Income Tax, which will give accountants a potential new revenue stream, explains Sam O’Connor, CEO and co-founder, Coconut
Making Tax Digital (MTD) is an ‘extremely’ or ‘very’ challenging issue for one in four businesses in the UK with concerns about the extension of the scheme to income tax
A lack of detailed HMRC guidance about the upcoming reporting requirements for Making Tax Digital (MTD) for income tax self assessment has raised concerns among tax experts
HMRC has been developing a new VAT Registration Service (VRS) which will speed up the process and automatically register businesses for Making Tax Digital
With just over 18 months to go until rollout, one in five UK sole traders have still not heard of Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA), despite the government announcing it seven years ago
The Association of Taxation Technicians (ATT) is urging the government to rethink the outdated penalties for not complying with Making Tax Digital (MTD) for VAT
HMRC plans to extend the pilot for Making Tax Digital (MTD) for income tax self assessment, opening up the pilot to more self employed workers and landlords
The move towards digitalisation of corporation tax reporting will affect businesses from 2026, creating a larger reporting burden for businesses, explains Russell Gammon, chief solutions officer at Tax Systems
Nearly 40% of respondents to the latest HMRC IPSOS research on Making Tax Digital said that it would be difficult to start reporting income tax on a quarterly basis when rules come into force in 2024
The extension of Making Tax Digital to landlords and sole traders is critical for the government, as is reform of R&D tax reliefs and the apprenticeship levy, confirms minister
