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Below you'll find a list of all posts that have been tagged as “Making Tax Digital”
A study carried out by the Federation of Small Businesses (FSB) has showed that small firms are losing £25 billion per year as compliance costs and time lost to dealing with tax admin soar. The FSB study found that the government’s Making Tax Digital (MTD) initiative has ‘significantly increased costs …
The government has delayed the introduction of Making Tax Digital (MTD) for Income Tax self assessment (MTD for ITSA) for a year, HMRC has announced. The government says it has made the move in recognition of the challenges faced by many UK businesses as the country emerges from the pandemic. …
Pushing through proposals to change basis periods ahead of the expansion of Making Tax Digital (MTD) will cause as many problems as it solves, the Institute of Chartered Accountants in England and Wales (ICAEW) has warned. HMRC recently began a consultation outlining proposals to align basis periods with the tax …
