What is the likely hood of increase MTD threshold

Thursday 2 May 2024. Can MTD go ahead in view of difference of opinion of labour/liberal

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My question is about the likelyhood of increased threshold for MTD in April 2024 in view of the general election. Labour and Liberal are unhappy with £10k threshold along with general public. Conservative would loose the election being careless and ignorant about small businesses.

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By David Ex
08th Jan 2022 11:16

Rangith Athauda wrote:

the likelyhood of increased threshold for MTD in April 2024

9.73%, I think I read somewhere.

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Replying to David Ex:
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By paul.benny
10th Jan 2022 09:44

That's just the probability of the threshold being raised *if* there change in the party of government. You also have to multiply by the probability of a general election being called early and the probability of the Tories losing power.

Which gives probability of the MTD threshold being modified for political reasons similar to that of winning a lottery jackpot.

All sorts of other reasons why the scope and/or threshold being changed. Politics isn't one.

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By More unearned luck
08th Jan 2022 13:33

The likelihood of the threshold being raised is low. The likelihood of certain parts of the plan going ahead, eg quarterly reporting, is much less certain.

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By Twickers Call
09th Jan 2022 10:56

MTD? A small practioner must keep well every 4th month of the year. Never fall ill. You cannot go on holiday. Cannot have any internet issues. Make sure your computer is not going to fail.
If you do mandatory fines.
History was:
Accountants planned the work load and other domestic issues in the past with flexibility.

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By 0098087
10th Jan 2022 11:24

6 numbers tomorrow please

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By Richard Cliff
17th Jan 2022 08:08

I am getting out as I will be 70 next birthday, holidays, relaxation and poetry is what I am looking forward too. The guy I do sun-contract work for is in bad health and is thinking of selling up.I think we will both continue but in a smaller capacity. Might have to consider part of the cost of our holiday apartment being a legitimate cost of my practice because my laptop so
Laptop will need to come with me on holiday to cope with the extra workload.

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By Richard Cliff
17th Jan 2022 08:08

I am getting out as I will be 70 next birthday, holidays, relaxation and poetry is what I am looking forward too. The guy I do sun-contract work for is in bad health and is thinking of selling up.I think we will both continue but in a smaller capacity. Might have to consider part of the cost of our holiday apartment being a legitimate cost of my practice because my laptop so
Laptop will need to come with me on holiday to cope with the extra workload.

Thanks (0)