As the government looks to press ahead with its Making Tax Digital (MTD) project, Mike Cherry, national chairman at the Federation of Small Businesses, outlines the major concerns of the UK’s small businesses, who will struggle to comply in such a short timeframe

The Association of Accounting Technicians (AAT) is calling on HMRC to opt for a phased introduction of Making Tax Digital (MTD) requirements, and make the threshold for mandatory participation much higher than planned, arguing that the current approach risks being too costly and burdensome for SMEs

Members of the CIOT and Association of Taxation Technicians have called for the £10,000 exemption from mandatory reporting responsibilities under MTD to rise to match the £83,000 VAT threshold

Making Tax Digital should be delayed by as much as 10 years in order to allow businesses to adopt ‘something that works after being properly tested’, according to the Federation of Small Businesses’ (FSB) national chairman Mike Cherry

A roundup of current consultations from HMRC, with a summary of the key Making Tax Digital documents, which are set to close for feedback on 7 November

HMRC has set up more Making Tax Digital webinars that will run throughout October, providing tax advisers, businesses and landlords with the opportunity to find out more about the move to digital tax accounts and ask further questions on the six consultations, which are still ongoing

Find out more about plans for the Making Tax Digital timetable, from the original inception in 2010 to mandatory quarterly reporting and the final deadline for corporation tax obligations in 2020. This timetable is subject to review depending on HMRC deadlines and software requirements

The ambitious and rushed HMRC Making Tax Digital plan calls for a complete IT overhaul for advisers and businesses when it comes to tax filings, quarterly reporting and inevitably a changed relationship with the tax authorities, reports Calum Fuller

In mid-August, HMRC released six consultations on Making Tax Digital (MTD), focusing on the self-employed, smallest micro and unincorporated businesses, buy-to-let landlords and partnerships, although there were gaps in the consultation splurge with no detail on quarterly reporting for incorporated businesses or detail for charities

In this month’s review of tax cases and updates, customer service priority for HMRC, Icebreakers lead appeal dismissed, partial win for Greene King group, points-based penalty system for Making Tax Digital

Making Tax Digital, the overhaul of the current tax system, is causing outcry among many businesses, with the main concern being the short timeframe scheduled for the implementation and the scarcity of solid information about the actual transition to quarterly reporting, says Sara White, editor of Accountancy

Less than one in five UK taxpayers have set up a personal tax account with HMRC since the launch of the online digital accounts in the UK, leaving 25 million outside the system