Making Tax Digital

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Tax | Treasury's Gauke promoted to chief secretary

Treasury financial secretary David Gauke has been promoted to chief secretary to the Treasury in PM Theresa May's new cabinet as local government and communities minister Greg Clark has been handed the post of secretary of state for business, energy and industrial strategy replacing Sajid Javid in the newly expanded business department

Tax | Gauke confirms ‘prescribed’ format for moving to digital tax accounts

HMRC’s making tax digital (MTD) plans will require businesses to submit quarterly updates of their tax and financial status using software which is compatible with HMRC’s own systems, to allow for direct transfer of data, according to information supplied to the Treasury select committee in response to concerns raised over the cost and complexity of the new requirements
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