19 December 2018 Amanda Darley, Head of Operations and Engagement
We've taken our Christmas turkey (HMRC's Public Notice 700/22: Making Tax Digital for VAT), chopped a few bits off so that it actually fits into the oven, added a bit of BUFDG garnish and special stuffing, and created a Christmas treat which is the bare (wish) bones of the requirements for Making Tax Digital.
In order to fit it in the oven, we've removed the HMRC examples (some are actually quite helpful, but they make the document more intimidating at first), sections on cash accounting, flat rate scheme, using agents/accountants, supplementary data etc. and we've managed to slim our bird down from 27 to a mere six (and a tiny bit) pages, which, even including the special BUFDG trimmings of an easy-to-follow table and some extra clarification, should keep your Christmas treat well within the 600 kcals recommended by 'health experts', according to the BBC). For the crash-diet version however, check out the single page table of the MTD requirements provided by PwC.
The Christmas treat should be taken with a small pinch of salt for now though (along with gravy and cranberry sauce), just in case we find an even bigger treat in our stockings for some of you, ready for the new year. Should the even better treat be delivered down our chimney, we'll update our MTD requirements summary so it's all brand-spanking new, up-to-date and raring to go for all your new year's resolutions in January.
(Please note that no actual turkeys were harmed in the writing of this article - after all, I am a vegetarian).