Posted on 2 May 2018
At last some good news from HMRC!
I have long been complaining about the undue haste, in my opinion, with which HMRC are pursuing their Making Tax Digital initiatives.
As reported in today’s edition of The Telegraph (2nd May) it would seem that HMRC’s initiatives have been forced in to the slow lane whilst they wrestle with the potential implications arising from Brexit.
This means that the planned introduction of Making Tax Digital for individuals and companies in 2020 will not now happen.
We have not been given a new target date so one can but hope that it will be a good way in the future. It would seem that the VAT Making Tax Digital initiatives due in April 2019 are still on track but we will have to wait and see.
Simon Littlejohns is a partner and Head of Tax at Friend Partnership. Simon has written extensively on the subject of Making Tax Digital.
For help with your tax matters or for more advice on Making Tax Digital, click here to contact Simon.