Making Tax Digital is the tax world’s Brexit, representing a huge change to the status quo; it is resisted by many, and it just will not go away. Over the summer, the government announced its intention for a soft Making Tax Digital; digital record-keeping and reporting would be voluntary for smaller businesses, and compulsory reporting would be deferred to April 2019 for VAT and April 2020 at the earliest for other taxes. 

Now that parliament is back in session the legislative process for Making Tax Digital for VAT has begun and we have a better idea of how the system will work.