Copy and paste MTD guide adds to confusion

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

They are calling on HMRC to publish ‘detailed, practical guidance’ without further delay so that taxpayers and their agents understand their obligations well before April 2024, particularly those who wish to join the existing pilot.

The Chartered Institute of Taxation (CIOT) and Association of Taxation Technicians (ATT) have expressed their concerns in a response to an HMRC consultation on draft notices setting out how MTD for ITSA will operate when it launches in April 2024.

Your free features:

Breaking news and expert analysis
Customisable daily newsletters
Six free CPD learning modules each year
Personalised CPD tracker
Top 75 Firms league tables
Regulatory changes
Hardman’s Tax Data

Tax | HMRC tax adviser register: how the rules affect payroll professionals

Tax | HMRC delays full rollout of payrolling for benefits in kind

Business | Tax experts and accountants join Helen Mirren on Birthday Honours

Business | Warning on tax adviser regulation by the backdoor

Tax | Loan charge repeal would not be a fair outcome, says McCann

Navigate

Tax Services

Your free features:

Sign up to Business & Accountancy Daily