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MTD for ITSA Notices: HMRC’s Atomic Kitten

4th Aug 2022
Brought to you by
TaxCalc logo

We make high quality, innovative and affordable integrated software.

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MTD for ITSA Notices: HMRC's Atomic Kitten

 

HMRC recently released the much-anticipated MTD for ITSA Notices, a document that TaxCalc has long been campaigning for and were promised early sight of six months ago – a promise that never quite came to fruition.

When first published back in July 2018, the clarity provided by the equivalent MTD for VAT Notice 700/22 was a welcome breath of fresh air, clarifying many outstanding points in relation to functional compatible software, digital links and the use of spreadsheets. It contained examples, diagrams and clear explanations of what was legislative, and hence came with the force of law, and what was HMRC guidance or recommendation.

Never have I been so disappointed by a late arrival since only ⅔rds of early 2000s pop starlets, Atomic Kitten, bothered to turn up for their headline gig at my University’s Summer Ball. When they did eventually show, there was at least some entertainment value in their 20-minute performance. In contrast, there were no crowd-pleasers to be found in the MTD for ITSA Notices, which could be read in their entirety in less time than it took the Kittens to butcher Blondie’s timeless cover 'The Tide is High'.

There are four notices in total, each made under powers conferred to HMRC by the Income Tax (Digital Requirements) Regulations 2021:

  • Software Notice
  • Update Notice
  • End Of Period Notice
  • Retail sales Notice

Read Dean's analysis of these notices on our blog

 

The wait continues

In a recent cross-department meeting with HMRC, I was assured that further guidance will be on its way. I, once again, reiterated that the path may be smoother for all if we were allowed to 'work together' on the guidance rather than be left to pick holes in its shortcomings post-publication. That proposal was met with an uncomfortable silence, from which I could only infer meant thanks, but no thanks.

As the wait for answers continues, maybe I had convinced myself that these notices would be more than the sum of their parts? Perhaps, as the greatest hits of Atomic Kitten play in the background, it is only they that can make me whole again.

Read the full blog