That's a good reminder about the Universal Credit carry on!
I expect we will hear more around half way through the pilot scheme. They may not bring it all in on time, but there will not be that many taxpayers starting in April 2018 (granted, there will be pockets of 'types' of non-VAT registered taxpayers who are drawn in).
I'd rather they just got on with it now. There's a lot of questions that need answered by HMRC, but we've worked out (in theory) which of our clients will be "in" from April 2018, while updating for 2016/17 turnover throughout the year to bring in any that didn't qualify based on 2015/16 figures. Knowing those individuals, we can start to push them towards sorting out their records/software etc to be ready.
Having a small number starting for April 2018 will allow us to deal with the larger number starting in 2019.
Won't they just have another post-election budget and reintroduce the 'missing' legislation so that they have time to discuss it in parliament?
MTD isn't going away. This article does not "ram" anything "home". Ignoring the changes coming is simply foolish.
I am not elderly, although I've spent 25 years in tax, but I am looking to get out of this by April 2018.
It seems as though I spend more time doing admin than actually 'doing' tax these days and probably have better things to do (after I've done my own quarterly report....!).
Doesn't this go against what Andrew Tyrie (chair of the Treasury Committee) wrote to Hammond at the end of October?
What next for the UK advisors of those 'affected'?
I was wondering what steps UK accountants should take if they discover one of their clients is named amongst the .Panama Papers' I suspect it would come as a surprise, unless they are already fully aware and there is nothing to hide because it has been fully disclosed in the UK.