New timetable for Making Tax Digital

The government has announced a revised timetable for the introduction of Making Tax Digital for Business (MTDfB). MTDfB introduces extensive changes to how taxpayers record and report income to HMRC. Unincorporated businesses, including landlords, were expected to be the first to see significant changes in the recording and submission of business transactions but the government […]

Finance Bill Update

Along with yesterday’s announcement that the implementation date for Making Tax Digital has been pushed back, H M Treasury also acknowledged that the uncertainty following the removal of the majority of clauses from the Finance Act 2017 to enable the Bill to be passed through Parliament before the snap election in June, is causing difficulty […]

Making Tax Digital Delay

The Government announced yesterday that the implementation date for Making Tax Digital has been delayed; with the earliest that digital records are required will be for VAT purposes only, from April 2019. We are pleased that the Government has listened to concerns from the accountancy professional bodies, businesses and the Treasury Select Committee that the […]

HMRC online service problems

Despite wanting to be “most digitally advanced tax authority in the world” HMRC online service problems continue.   HMRC are once again experiencing difficulties with their online services, with delays in the online reporting facility for employment-related securities (“ERS”) and the new trust register going live.  The problems follow continuing issues with the new online tax-free childcare […]

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