It appears that Making Tax Digital will be delayed, for businesses, until 2019.
Addressing the HMRC annual conference, Jane Ellison (finance secretary to the Treasury) is quoted by CCH Daily:
"You told us that even slightly larger businesses might need more time to prepare for the new system, so we have proposed deferring the introduction of any changes to 2019 for those businesses too."What about the issue of quarterly updating of online tax records?
She didn't address that!
Ellison said having an online account which can be accessed any time from any device would make life more straightforward for millions of people and businesses.
"They will even be able to spread their payments by just paying as they go, if that’s easier for them.She said the government had made the necessary ‘big billion pound investment’ to do MTD, while HMRC had ‘the talent, know-how and determination to do it’.
And they’ll know what they owe as they go along – not get any, nasty or nice, surprises when the annual tax bill drops through the letterbox.
And it’s just not right that our tax service should lag behind – stuck in an age of paperwork, letters and phone calls.
That’s why we want HMRC to offer all our customers a top quality, fully digital service alongside its existing services."
High hopes indeed!
What could possibly go wrong?
Tax does have to be taxing.
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