MTD: Another GIANT deferral announced
In June 2019, we revealed that NHS trusts and government departments had been granted a deferral of their start date for MTD for VAT. We now know those organisations won’t be able to start filing VAT returns under MTD until at least April 2022.
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Oh, so what's good enough for the goose ISN'T good enough for the gander, do as I say, not as I do.
You just like reporting on this because the word "GIANT" gets clicks - before people realise you don't mean "huge" but are talking about a public sector system that no one outside of it needs to know about.
I still don't think that Income tax (especially quarterly updates) will be ready for at least another 5 years if at all.
I think once is registers that the purported aim of this - raising tax revenue - is found to be untrue (I think the amount of tax will if anything go down, due to software auto-coding VAT where there ought not be any) it will be very hard to justify the same lie again.
Moreover most of the "vested interest" in this project are long since gone.
So I quite agree John, this will be the "high tide" of this massive time waster.
Not so convinced, we are in a world of new realities vis a vis truth and honesty, the fact that none of this whole process, from MTD for vat onwards, can be justified will likely not even come into consideration.
Bearing in mind that a lot of things I used to be able to do with HMRC's online shambles (deleting clients for example) I now can't do online, and nobody seems to know why, I'm hoping that MTD will be shelved completely. Another wise use of our taxes....
The Agent Services Account is crucial to us being able to get clients into MTD. The facility does not work properly:it provides nowhere near enough information to enable a professional practice to manage its clients affairs on it. Presently it is an Agent Dis-service Account.
Our professional bodies should put a very clear case to HMRC and HM Treasury that further MTD cannot take place unless the ASA is up to standard: decide at the front end how it is to look and feel, build it, test it, have firms sign up use it for their existing client lists, AND ONLY THEN start on the process of moving towards mandating further taxes into MTD.
I really don't care if the NHS and other government bodies are not going to be ready for MTD because GIANT is not presently compatible. I really do care if I cannot see my clients tax affairs on an HMRC website.
MTD for income tax
'It is still not clear when MTD for income tax will be rolled out. The accounting and tax bodies are pushing HMRC for more consultation before MTD for income tax moves anywhere near mandation.'
The Government and tax authorities still see MTD as a goer. I see it as the Titanic just after it hit the iceberg, technically it was upright and still floating. I hope MTD sinks and all that gave birth to it.
Yet more damning evidence that this whole farce was introduced hastily and without adequate testing beforehand. Isn't that exactly what the House of Lords review last autumn concluded - a conclusion that was rejected wholescale at the time by HMRC?