What do you think of Making Tax Digital?
12 Dec 2019
CIOT and the ATT are running an online survey for tax professionals and businesses to provide feedback about their experiences of Making Tax Digital for VAT
12 Dec 2019
The survey is open to members and any tax agents and business users, whether they have been affected by Making Tax Digital for VAT or not, as they may be in scope for future phases of Making Tax Digital. It is also looking for views on the future of the online tax reporting rollout, in a bid to influence HMRC's next steps.
Tina Riches, chair of the joint CIOT/ATT digital and agent strategy working group, said: ‘We hope this will be one of the most comprehensive and crucial feedback exercises about MTD.
‘We would like to ask agents and businesses to provide feedback on their experiences of MTD for VAT and their thoughts on the future of MTD, including for other taxes. Even if you have not had to deal with MTD for VAT, you can take part by completing the sections of the survey around next steps.
‘We plan to feed the results of this survey, and a summary of respondents’ comments, into a submission to HMRC with the aim of helping inform and improve any future roll out of MTD for taxpayers, their agents, and HMRC.’
Most VAT-registered businesses with a taxable turnover above the VAT threshold are now required to keep records digitally and use Making Tax Digital compatible software to submit their VAT returns.
The survey addresses the transitional and ongoing costs for businesses and agents, benefits identified, and the impact on errors.
Riches said: ‘Back in 2015 the first announcement of MTD was made with no prior consultation having been undertaken.
‘The result was that substantial parts of the community affected never bought into the rationale for it or key elements of its design, and indeed these had to be substantially revised.
‘The government should learn from this and take this opportunity of evidence that will come from this survey and other means to help shape where MTD goes in future.’
The government has confirmed that Making Tax Digital will not be mandated for any new taxes or other businesses until 2021 at the earliest.
The CIOT/ATT survey should take approximately 15 minutes to complete for agents or nine minutes for those who are not agents. If respondents are only completing the questions on the future of MTD, this will take less than five minutes. The closing date for responses to the survey is 31 December.
Complete the survey here: CIOT/ATT Making Tax Digital survey