Making Tax Digital

Latest news

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Tax | Lords launches probe into changes to income tax basis

The House of Lords Finance Bill Committee is planning to investigate the income tax basis period reform and uncertain tax treatment and has launched a consultation

17 Sep 2021

Tax

Making Tax Digital

Business Tax

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Tax | Scrap self-assessment tax reforms says ICAEW

The Institute of Chartered Accountants in England and Wales (ICAEW) has called for the government to drop the self-assessment tax reform plans as it ‘will likely create as many problems as it might solve’

3 Sep 2021

Tax | Eight out of 10 plumbers at risk of Making Tax Digital penalties

New figures reveal that two-fifths, 41%, of plumbers are unaware of the impending Making Tax Digital (MTD)

3 Sep 2021

Tax | Making Tax Digital: preparing accountants for MTD

Next year sees the rollout of the extension to Making Tax Digital for self-employed people, which means accountants need to start preparing their clients, explains Lee Murphy, managing director at The Accountancy Partnership

27 Aug 2021

Tax

Making Tax Digital

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Tax | HMRC extends PAYE online pilot scheme for agents

HMRC is inviting tax agents with fewer than 500 employer clients to join its agent online service (AOS) pilot which gives agents access to liability and payments data in clients’ PAYE for employers accounts

25 Aug 2021

Tax | Accounting bodies call for delay to basis reporting

Five UK tax and accounting bodies have urged the government to delay reforms to the tax system which would affect how self-employed people and businesses report their profits

23 Aug 2021

Tax | Business owners at risk of penalties in digital tax overhaul

More than 2m SME owners are at risk of falling foul of the new digital bookkeeping rules and procedures ahead of Making Tax Digital (MTD) for VAT reform coming into force in 2022

4 Aug 2021

Tax

Making Tax Digital

VAT

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Tax | ATT call to delay major change to how profits are taxed

The Association of Taxation Technicians (ATT) is calling for a delay to a major change in how trading profits are assessed for tax purposes, as well as appealing for more consultation time and a clear roadmap leading up to the proposed introduction of the proposals

22 Jul 2021

Tax | Making Tax Digital can cost over £400 to implement

The average cost of implementing Making Tax Digital for VAT is estimated at £411, while digital reporting has reduced the number of errors, according to the latest user research from HMRC

21 Jul 2021

Tax

Making Tax Digital

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Tax | Government needs to simplify tax, says CIOT

With the government’s review of tax administration, the Chartered Institute of Taxation (CIOT) calls to create a tax system that is much simpler for taxpayers to navigate

19 Jul 2021

Tax | Making Tax Digital rollout under the spotlight

The rollout of Making Tax Digital may have slowed due to the pandemic but there is low awareness about the next stage covering landlords, small business and partnerships, warns Kevin McCallum, chief commercial officer at FreeAgent

13 Jul 2021

Tax

Making Tax Digital

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Tax | ICAS calls for improvements to HMRC service levels

Overly complex tax rules and poor service standards need to be addressed to build taxpayer confidence in the tax system, warns ICAS

6 Jul 2021

Tax | Making Tax Digital is the priority for HMRC

Jesse Norman MP, financial secretary to the Treasury, has told businesses and accountants at the annual HMRC stakeholder conference that HMRC’s priorities for the future of the tax system will heavily involve Making Tax Digital (MTD)

27 Apr 2021

Tax | How to navigate Making Tax Digital

Compliance with Making Tax Digital for VAT means that uploading data via Excel spreadsheets is no longer allowed. Jim Scott, managing director of accountancy at IRIS Software Group, provides tips and advice

26 Apr 2021

Tax

Making Tax Digital

VAT

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Tax | Filing deadlines: April to June 2021

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from inheritance tax due on lifetime transfers between 6 April and 30 September 2020, forms P46(Car) for quarter ended 5 April and employment intermediary’s quarterly reports

12 Apr 2021

Tax | Will the new late filing penalties be fair and consistent?

Meg Wilson, tax writer at Croner-i, examines the points-based late filing penalty regime being introduced in Finance Bill 2021 for VAT and income tax submissions

31 Mar 2021

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Tax Services

Latest news

Tax | Lords launches probe into changes to income tax basis

Tax | Scrap self-assessment tax reforms says ICAEW

Tax | Eight out of 10 plumbers at risk of Making Tax Digital penalties

Tax | Making Tax Digital: preparing accountants for MTD

Tax | HMRC extends PAYE online pilot scheme for agents

Tax | Accounting bodies call for delay to basis reporting

Tax | Business owners at risk of penalties in digital tax overhaul

Tax | ATT call to delay major change to how profits are taxed

Tax | Making Tax Digital can cost over £400 to implement

Tax | Government needs to simplify tax, says CIOT

Tax | Making Tax Digital rollout under the spotlight

Tax | ICAS calls for improvements to HMRC service levels

Tax | Making Tax Digital is the priority for HMRC

Tax | How to navigate Making Tax Digital

Tax | Filing deadlines: April to June 2021

Tax | Will the new late filing penalties be fair and consistent?