23 July 2020
Julia Ascott, Employment Taxes Specialist
So I appreciate that the title of this article may make you immediately switch off, but actually, this recent publication from HMRC is a pointer to what they will be concentrating on in the future to ensure that they "build a trusted modern tax administration system." Essentially, this is the roadmap to making ALL taxes digital over the next 10 years.
Key takeaway points:
HMRC intends to bring forward any changes ‘incrementally and consultatively’, working with taxpayers, agents and software providers to take forward its vision of the future, committing also to work closely with representative bodies.
Alongside this, HMRC have updated many of their guidance documents on MTD, including:
Webinars and videos to help businesses with MTD