HMRC's vision to digitalise the UK tax system is well underway. The transformation started in April 2019 with Making Tax Digital (MTD) for VAT for businesses with taxable turnover above the VAT threshold.

This webinar from the Tax Faculty will cover the latest rules in detail and explain where we are with the development of the policy and the pilot and what taxpayers and agents can do to prepare.

This year's Wyman Symposium looks at various perspectives on the potential change to the end of the tax year.

This webinar from the Tax Faculty explores the call for evidence on earlier payment of income and corporation taxes.

Fundamental elements of the tax system could be set to change in the biggest shake up since self assessment was launched in the last millennium. The government's call for evidence on the tax administration framework review (TAFR), published on Tax Day, 23 March 2021, goes much further than a possible updating of Taxes Management Act 1970. Anita Monteith, Caroline Miskin and Richard Jones delve into the call for evidence in this Tax Faculty webinar.

Huge changes to working practices over the past few years have reignited the debate on whether a universal filing process would help to better engage individuals with the tax system and help them to take more ownership of their affairs.

This month’s top technical stories include information on the fifth SEISS grant, ICAEW’s response to the government’s proposed reforms for audit and corporate governance, and the FRC’s new Quality Management standards.

Chris McCandless shares his experiences of the three months it took to register as a tax agent and suggests how HMRC could help practitioners understand what’s happening and remove some anxiety from the process.

A chapter on taxpayers' rights and HMRC powers in relation to tax returns.

Guide to the growing breadth of HMRC powers and the increasingly complex penalty regime for non-compliance.

The Tracker provides plain English guidance on the operation of MTD, with sections covering VAT, income tax, corporation tax and tax agents in relation to MTD. 

In responding to HMRC's call for evidence on timely payment, ICAEW argues that earlier payment of income and corporation tax should not be considered until the economy has recovered and that earlier payment should not be based on in-year estimates without HMRC first demonstrating that they can be a reliable basis for earlier payment.

In responding to HMRC's consultation on the Tax Administration Framework Review ICAEW argues that the starting point of such tax reform should be significant simplification of the underlying tax rules and that HMRC needs to be given the resources and funding to give it the capacity to take on such a major piece of work.

A response dated 4 March 2021 to a consultation published by HMRC on 12 November 2020.

A response dated 14 January 2021 to the Treasury in advance of Spring Budget 2021.

A series of short case studies from businesses in a range of industry sectors on how Making Tax Digital has worked for them.

List of companies who are supplying suitable software to support the MTD for VAT pilot. These suppliers have tested their products in HMRC's test environment and have already demonstrated a prototype of their software to HMRC.

Notice giving updated guidance on digital record keeping and return requirements of MTD for VAT. It explains the digital records that businesses must keep, ways to record transactions digitally in certain special circumstances, and what counts as ‘functional compatible software’.

Technical note giving a revised statement of impacts for the Making Tax Digital for Business programme to reflect the changed scale and scope of the mandatory elements announced in the government's Written Ministerial Statement of 13 July 2017.

A summary of a panel discussion on machine learning, artificial intelligence and its impact on accounting. The article looks at predictions for 2018 and the implications for making tax digital (MTD).

Statement made by Mel Stride, Financial Secretary to the Treasury, announcing policy changes to the timeframe and scope of Making Tax Digital rules.

Policy paper explaining the foundations of MTD, the impact on individuals and businesses, links to consultations, the next steps for implementing MTD for business, and case studies.