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Anyone else watching the HMRC webinar on MTD 4 SA?

from CIOT Edinburgh

Didn't find your answer?

Is anyone else watching the HMRC talk on MTD4ITSA from CIOT Edinburgh and shouting at the screen? How is your blood pressure?

So many answers are still "that's a difficult one we're still trying to work out" How are we still rocketting towards this with HMRC still saying "Hopefully we can..." in answer to so many basic questions!?

Quote: "Some agents may struggle with a high caseload" Yet this isn't going to cause any additional cost. 

So clearly MTC 4 ITSA is going to go just swimmingly

Replies (4)

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By ireallyshouldknowthisbut
17th Mar 2022 14:13

Id not waste your time, they are years away from making this work.

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Replying to ireallyshouldknowthisbut:
By Paul D Utherone
17th Mar 2022 14:22

ireallyshouldknowthisbut wrote:

Id not waste your time, they are years away from making this work.

...but sadly not years away from forcing it on many with so many unkowns on the table.

I watched in the hope of getting some insight into what's to come and how things will work. All we really got was the 'fluffy animals, unicorns & rainbows" it will all be wonderful show.

Would that I could retire a little sooner!!

Thanks (3)
Replying to Paul D Utherone:
By ireallyshouldknowthisbut
17th Mar 2022 14:28

meh, its been put back so many times already.

They are nowhere close to even a final spec, let along a functioning tested system.

The developers seem to have got the hump on this too given all the hours they have put in, only to have the specs changed once HMRC understand more about the issues.

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By gainsborough
18th Mar 2022 13:51

I feel I wasted enough time on this when the idea was first floated over 6 years ago and then felt like an idiot for warning my clients about it.

I cannot believe the proposals will go ahead in anywhere like their current format so close to an election year.

Waiting to see whether MTD gets a mention in next week's Budget.

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