Financial benefit of MTD could be as high as £915 million
The financial benefits of MTD for VAT could be as high as £915 million, according to analysis carried out by HMRC.
Financial benefit of MTD could be as high as £915 million Read More »
Making Tax Digital
MTD – HMRC to start contacting taxpayers
HMRC has announced that from April 2025, it will write to sole traders and landlords who may need to comply with making tax digital (MTD) for income tax from April 2026.
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HMRC is ‘Making Tax Difficult’ with MTD programme
HMRC is ‘Making Tax Difficult’ for taxpayers as MTD adds to the burdens they face, according to a report by the Public Accounts Committee.
HMRC is ‘Making Tax Difficult’ with MTD programme Read More »
MTD expected to cost £1 billion extra
A report published by the National Audit Office has found that the MTD initiative is expected to cost around £1 billion more than its initial £226 million budget.
MTD expected to cost £1 billion extra Read More »
‘Fresh thinking’ needed in regard to MTD for ITSA
The ICAEW has written to HMRC to outline key points that it believes should be considered before the implementation of MTD for ITSA
‘Fresh thinking’ needed in regard to MTD for ITSA Read More »
MTD for ITSA delayed for two years
The Treasury has announced that Making Tax Digital for ITSA will be delayed for two years until April 2026.
MTD for ITSA delayed for two years Read More »