‘True costs’ of Making Tax Digital still unclear, says Treasury Committee

Posted in Blog on March 28, 2017

The Treasury Committee has again called on HM Revenue & Customs (HMRC) to provide greater clarity on the true costs of Making Tax Digital (MTD) for …
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Fines of up to £3,000 for failure to comply with Making Tax Digital, says HMRC

Posted in Blog on March 22, 2017

Taxpayers who fail to use Making Tax Digital, the Government’s all-new digital tax system, will face fines of up to £3,000, according to a consultation …
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Consultation on late submission penalties for MTD

Posted in Blog on March 21, 2017

HM Revenue & Customs (HMRC) has opened a consultation on penalties for firms that either submit records late under the Making Tax Digital (MTD) scheme …
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One-year delay to MTD for small businesses ‘not enough’

Posted in Blog on March 16, 2017

Chancellor Philip Hammond announced in the recent Budget that plans to digitise tax returns for small businesses have been delayed until April 2019 but …
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HMRC defends Making Tax Digital timescale at House of Lords

Posted in Blog on February 23, 2017

Taxpayers, businesses and HM Revenue & Customs (HMRC) alike will “learn very quickly” from the Government’s year-long Making Tax Digital (MTD) …
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Making Tax Digital faces fresh criticism from House of Lords

Posted in Blog on February 8, 2017

The Government’s hotly-contested Making Tax Digital (MTD) project is now facing fresh criticism over its proposed £10,000 a year exemption threshold, …
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