UK Accountants Split on Making Tax Digital

Brought to you by Thomson Reuters

Mark Purdue, tax product manager at Thomson Reuters hosted a live webinar: Making Tax Digital: Refresher – with more than 400 accountants joining in to hear the very latest on Making Tax Digital, find out how the initiative will impact the way they work, and to ask their most pressing questions. 

In a live poll with 354 accountants taking part, the webinar also uncovered a real three-way spilt in feelings towards the move to Making Tax Digital:  

  • 38% feel positive/very positive
  • 34% feel negative/very negative
  • 28% feel indifferent.

However, there is a real desire for more information with 91% saying there is not enough information available on the subject.  The poll also discovered that only 25% of respondents had started to discuss the changes with clients.

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Highlights from the webinar included an interactive Q&A session, key deadlines, the resulting changes in the compliance process and a run through of the data and functionality that will be available to HMRC. A follow-up FAQ document incorporating all of the questions will follow this month. To receive this document, please email [email protected]

If you missed the webinar, you can watch it here: Making Tax Digital: Refresher

Mark Purdue | Product Manager – Tax, Thomson Reuters
Mark has spent over 25 years working in tax and specialises in Personal and Capital Gains Tax. After beginning his career as a Revenue Officer at HMRC, Mark worked for a number of years as a Tax Senior at an in-house tax department for a UK stockbroker, dealing primarily with high net worth individuals. He joined Digita in 2006, working on support and as a Business Analyst before becoming Product Owner for Digita's Personal Tax product. He now holds the position of Product Manager for Tax. He and the team are currently working closely with HMRC over the upcoming move to Making Tax Digital.

Do you have a question on #MakingTaxDigital for Mark?
Tweet him @MarkPurdueTax

About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We simplify the lives of tax and accounting professionals around the world with the most powerful, fully integrated, and innovative solutions. Digita software enables accountants to deliver consistent, quality service to clients. We have formed close working relationships with over 2,800 UK practices that use our solutions and deliver flexible tools to help them reach their highest potential, both today and tomorrow.