Graham Elliott, director, City & Cambridge Consultancy on the parameters for TEFL interpretation, VAT on children's colouring books, fees for tax planning

The overhaul of the tax reporting system under Making Tax Digital will see the abolition of the VAT return for certain businesses from 2019, including VAT-registered self employed and landlords

Spreadsheets will be incorporated into the Making Tax Digital process, HMRC has confirmed, as it published extensive consultation responses and draft legislation for the project’s implementation

Some 400,000 partnerships will report their tax positions and obligations through a nominated partner under HMRC’s Making Tax Digital project, draft legislation shows, although the largest partnerships with income over £10m are likely to be exempted

The transition to Making Tax Digital (MTD) is likely to cost businesses, landlords and the self employed around £500m in the year of rollout (2018-19), with the first year of quarterly reporting likely to cost each business £280 on average 

Taxpayers interested in opting for a voluntary pay as you go (PAYG) approach as part of Making Tax Digital plans, allowing them to make payments at a point of their choosing towards an expected tax liability, are calling for HMRC to ensure the repayments are handled quickly and with ease

HMRC has confirmed the timetable for the rollout of quarterly reporting and a year end reconciliation under Making Tax Digital with the first tranche of taxpayers, including buy-to-let landlords and the self employed, set to kick in from April 2018 

The cash basis threshold has been set at £150,000 to allow more buy-to-let landlords to benefit from being taxed on the cash basis set out in draft legislation released as part of HMRC’s Making Tax Digital plans

HMRC’s Making Tax Digital reporting plans are to go ahead as planned with an April 2018 launch for quarterly updating and reporting for sole traders and buy-to-let landlords, with a major pilot starting this April although the exemption threshold remain up for review, reports Sara White

The OECD is seeking taxpayer input on the tax treaty dispute resolution process in a second tranche of countries and is seeking comments on the mutual agreement procedure (MAP) in Austria, France, Germany, Italy, Liechtenstein, Luxembourg and Sweden

HMRC has published guidance on a new measure which allows intermediaries that collect donations for charities to get authority from a donor to gift aid all their donations in a year, designed to make the process simpler for donors using digital platforms or text messages to give to multiple charities under a single declaration

Download the HMRC CGT indexation allowance for October 2016, RPI Index for December 2016 and HMRC rates of interest, changes to stamp duty land tax (SDLT) and land and buildings transaction tax (LBTT) rates, and more