Following the announcement of a snap general election to take place on 8 June 2017, the Government dropped clauses relating to Making Tax Digital from the Finance Bill 2017 so that it could quickly receive approval from MPs before Parliament dissolved. The policy is now on hold until after the election.
While Making Tax Digital is currently on hold, the Government has said that the clauses dropped from the Finance Bill remain policy and it intends to put forward legislation at the start of the new Parliament to enact them.
We will update this page as details of any new legislation are announced after the election.
Tax will be 100 per cent digital by 2020
At the end of 2015, HM Revenue & Customs (HMRC) announced ambitious plans to move to a fully digital tax system by 2020.
Since the announcements, very little information has been unearthed regarding exactly what HMRC’s changes entail, how the new system will work, or what obligations business and personal tax payers will have under the new legislation.
That’s why Simon Denton, our resident Tax Specialist at Milsted Langdon, has put together this: our new Making Tax Digital (MTD) advice page, where Simon will be keeping our clients updated on HMRC’s plans via regular press releases and blogs.
- Milsted Langdon HMRC’s plans for ‘Making Tax Digital’ are still unclear
- Milsted Langdon express concerns over HMRC’s Making Tax Digital
- Labour pledges to exclude small businesses from quarterly digital reporting if MTD is reinstated
- Making Tax Digital dropped from Finance Bill ahead of General Election
- Almost half of SMEs think Making Tax Digital will overcomplicate tax, study reveals
- HMRC launches digital tax pilots
- HMRC launch MTD pilot for “hundreds of thousands” of businesses
- ‘True costs’ of Making Tax Digital still unclear, says Treasury Committee
- Fines of up to £3,000 for failure to comply with Making Tax Digital, says HMRC
- Consultation on late submission penalties for MTD
- One-year delay to MTD for small businesses ‘not enough’
- Making Tax Digital poses “significant complications” for Dentists, says NASDAL
- HMRC defends Making Tax Digital timescale at House of Lords
- Taxman offers concessions on MTD
- Making Tax Digital faces fresh criticism from House of Lords
- HMRC will ask thousands of sole traders to ‘trial’ Making Tax Digital this year
- HMRC’s Making Tax Digital consultation response proves “little progress has been made,” says Simon Denton
- HMRC publishes long-awaited responses to Making Tax Digital consultations
- Dentists could be badly bitten by MTD
- Treasury Committee calls on HMRC to delay Making Tax Digital
- Only six per cent of self-employed business owners are aware of Making Tax Digital
- Treasury Committee calls upon Government to delay Making Tax Digital in 50-page report
- Making Tax Digital could lead to “catastrophic collapse” in customer service, say MPs
- Making Tax Digital was “elephant in the room” during Autumn Statement, says prominent South West accountant
- Government should take ‘primary responsibility’ for Making Tax Digital, says ATT
- MTD timetable “unrealistic and unattainable,” study reveals
- MPs say the UK is not ready for digital tax
- Give taxpayers choice on returns, say experts