Explore the digital tax agenda with ICAEW and HMRC
6 October: HMRC’s Director of MTD is joining the panel of this year’s Wyman Symposium on 21 October, which is focused on how COVID-19 has accelerated the digitalisation of tax systems. Sign up to join the discussion for free.
The Tax Faculty is this year hosting its annual Wyman Symposium virtually and is urging everyone with an interest in the digital tax agenda to join and put your questions to the experts.
The free event is taking place between on the evening of Wednesday 21 October , and will see Roy Wallace, Director of Making Tax Digital and Louise Dunstan Rice, Deputy Director Strategy at HMRC, discuss the development of a digital tax system together with experts representing SMES, large businesses and software suppliers.
The COVID-19 crisis has had a profound impact upon the way we work – tax is no exception. Tax authorities are leading in the way and we are seeing a ‘dash for a digital tax system’.
HMRC has published its digital roadmap, with MTD for VAT to be extended to all VAT-registered businesses in 2022 and to income tax in 2023.
ICAEW is concerned to ensure that in this headlong rush to digitalise tax systems and administration, the digital agenda must prioritise business’s needs and ensure that the benefits to taxpayers are maximised.
The Wyman Symposium brings together five expert speakers who will each provide their own perspectives on what a good digital tax system and administration should look like, and then participate in a live Q&A session with questions from the online audience.
Alongside HMRC’s representatives, Jane McCormick, formerly of KPMG, will give the view of large business and international taxpayers. Paul Aplin, past president of ICAEW and AC Mole partner (retired), will be looking at developments from a small business perspective and Gary Turner, MD and co-founder of Xero, will be giving the software suppliers’ take.
This year’s event will be broadcast live online from 17:30 on 21 October, enabling ICAEW members and non-members to join in the discussion safely, wherever they are located.