Podcast: Making Tax Digital – what’s next?

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On the 31st of January HMRC published its responses to the six MTD consultation documents, and announced it will legislate for the first part of the reforms in Finance Bill 2017.

The government’s ambitious programme for a fully digital tax system has proved controversial among accountants for its scale, speed of delivery and mandatory imposition.

Joining the AccountingWEB podcast to tackle this trickiest of tax topics are Paul Aplin, tax partner at AC Mole and Son, AccountingWEB’s own global editor John Stokdyk, and Mark Purdue, Product Manager - Tax Products at Thomson Reuters.

We’ll be doing a special MTD podcast on a monthly basis for the foreseeable future. If you have any burning questions in the meantime you can ask them in the comments box below and our crack panel will do their best to answer them.

You can listen to the podcast by clicking play on the window above, visiting our Soundcloud page or subscribing to this podcast via iTunes, aCast, Soundcloud or your podcasting app of choice.

About Tom Herbert

Tom is acting editor at AccountingWEB, responsible for all editorial content on the site. If you have any comments or suggestions for us get in touch.

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By janefg
20th Feb 2017 12:47

What is going to happen to my digitally excluded clients e.g . the 86 year old whose main source of income is rental of over £80,000 pa, who has no computer, has no mobile phone and doesn't even have an answerphone on her landline?

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to janefg
20th Feb 2017 13:45

Thanks janefg - a relevant question indeed.

HMRC has pointed out that those who are digitally excluded will be able to opt out, but we're yet to find out exactly what criteria they will be applying.

It's certainly something we'll be hearing more about in the future.

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01st Mar 2017 15:47

Have you thought about the issues of the Digital Software as to how it can be connected to the Government Gateway?
Secondly the software will do nothing unless the input of information is carried out by someone sensible. Not every plumber or electrician or builder who had no formal education on tax rules. Now talk about the accountants cost if it is to be carried out by a so called sensible person? Fees are going to be sky high. Another cost to small businesses. Less profit means less tax to the Treasury.

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