Tax | MTD pilot not open to landlords with jointly owned property or HICBC

HMRC has set the criteria for the type of clients who can sign up to the new Making Tax Digital for Income Tax Self Assessment (ITSA) trial for agents

22 Apr 2024

Tax

Making Tax Digital

HMRC

Technology

Tax | HMRC to launch MTD pilot on 22 April

Agents and accountants will be able to sign up to the pilot for Making Tax Digital for Income Tax from Monday as long as they have an ASA account

18 Apr 2024

Tax

Making Tax Digital

HMRC

Technology

Tax | Points-based penalties for MTD for ITSA trial

Anyone taking part in the pilot trial for Making Tax Digital for Income Tax will fall under the new points-based penalty regime although they will not be enforced until 2026

17 Apr 2024

Tax

Making Tax Digital

HMRC

Technology

Tax | 650k phone calls to HMRC abandoned in February

Three quarters of people who phoned HMRC had to wait an average 24 minutes for anyone to answer with 650,000 calls abandoned

15 Apr 2024

Tax

Making Tax Digital

HMRC

Tax | Key considerations as Companies House and HMRC digital transformation continues

This month sees the start of a new era of digitisation for Companies House, Ifty Nasir, founder and CEO of Vestd, explains what this means for businesses

27 Mar 2024

Tax

Making Tax Digital

HMRC

Tax Compliance

Tax | HMRC to launch MTD for income tax pilot on 22 April

HMRC will launch the first pilot for agents and accountants to trial out the Making Tax Digital for Income Tax Self Assessment reporting environment next month

14 Mar 2024

Tax

Making Tax Digital

HMRC

Technology

Tax | MTD for income tax will cost landlords £350 to implement

The move to Making Tax Digital for income tax from 2026 will cost sole traders and landlords on average £350 to set up the correct reporting system

23 Feb 2024

Tax

Making Tax Digital

Tax | Volunteers to test MTD for income tax system wanted

HMRC is calling for accountants and tax advisers to take part in the first beta trials of Making Tax Digital (MTD) for income tax self assessment

22 Feb 2024

Tax

Making Tax Digital

HMRC

Technology

Tax | MTD testing pilot is ‘mission critical’ warns ABAB

HMRC needs to focus on understanding the needs of small businesses and landlords, and not rush out the beta trial of Making Tax Digital

13 Dec 2023

Tax

Making Tax Digital

HMRC

Tax | Taxpayers urged not to call HMRC helplines

HMRC is calling on anyone completing self assessment tax returns to avoid phone calls about basic questions

29 Nov 2023

Tax

Making Tax Digital

Personal Tax

HMRC

Tax | MPs criticise MTD for making tax ‘difficult’

HMRC has lost sight of needing to put taxpayers at the heart of changes to the tax system with estimated costs of £1.9bn for businesses to comply with Making Tax Digital (MTD), said the Public Accounts Committee

24 Nov 2023

Tax

Making Tax Digital

HMRC

Tax | Autumn Statement 2023: 'confusing' year end statement for MTD dropped

The government has abandoned 'confusing' plan to require the fifth stage of reporting known as the end of period statement under Making Tax Digital for income tax 

23 Nov 2023

Tax

Making Tax Digital

Politics

Tax | HMRC app users treble payments to £121m

Nearly 100,000 taxpayers have used the HMRC app to settle tax bills of £121m in the last six months

21 Nov 2023

Tax

Making Tax Digital

Personal Tax

Technology

Tax | Advisers call for ‘rethink’ of Making Tax Digital extension

An influential group of tax advisers is calling on the government to ‘rethink’ plans to expand the scope of Making Tax Digital reporting to landlords and the self employed

16 Nov 2023

Tax

Making Tax Digital

Politics

Tax | Making Tax Digital too complex for first pilot, says HMRC

The head of HMRC told MPs that it had underestimated the complexity of Making Tax Digital (MTD), which had caused eight years of delay and a failed pilot scheme

20 Jun 2023

Tax

Making Tax Digital

Business Tax

Employment Tax

HMRC

Tax Compliance