After a long period of uncertainty, last week saw new Paymaster General Mel Stride confirm a revised roadmap for the government’s Making Tax Digital (MTD) project, with the requirements for digital quarterly reporting being stripped back to cover only VAT.
Those above the VAT threshold will have to start filing with MTD-compatible software from April 2019, but small businesses below the threshold “will not be asked to keep digital records, or to update HMRC quarterly, for other taxes until at least 2020”.
The podcast will be looking at the implications of the decision to delay the project with Andrew Hubbard, editor-in-chief of Taxation Magazine, Jason Piper from the ACCA, AccountingWEB’s very own tax editor Rebecca Cave, and Thomson Reuters’ Mark Purdue.
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