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Making tax digital - articles

Features and articles from ICAEW on the Making Tax Digital (MTD) programme in the UK.

MTD ITSA and basis period reform postponed

Caroline Miskin 23-09-2021

Government and HMRC have listened to representations and put back the implementation of MTD ITSA and potential reforms to basis periods. The new MTD ITSA start date of April 2024 for the self-employed and landlords has now been set in legislation, providing the certainty that has been lacking, says ICAEW.

Online VAT return is closing to 800 traders

Caroline Miskin 21-09-2021

HMRC is trialling a forced closure of the online VAT return for 800 businesses that should be complying with Making Tax Digital for VAT. ICAEW warns that these businesses will not be able to file VAT returns due on 7 October 2021 unless they have signed up to MTD VAT.

Drop proposed basis period reform, urges ICAEW


Pushing through proposals to change basis periods ahead of the expansion of Making Tax Digital will cause as many problems as it solves and would be a backwards step for affected businesses, warns ICAEW.

Income tax self assessment: who’s in and who’s out?

Caroline Miskin 26-08-2021

ICAEW’s representation to the Tax Administration Framework Review pointed out that the criteria for who does and doesn’t need to file a self assessment tax return are arbitrary and need to be reviewed. The Tax Faculty explains the rules as they currently stand.

New guidance on agent authorisations and updating ASA details


HMRC has confirmed that that it cannot accept bulk transfers of client authorisations to a different agent code. A process to allow agents to update their firm’s details in their agent services account is now available. ICAEW’s Tax Faculty explains HMRC’s updated guidance.

ICAEW technical round-up: July 2021

ICAEW Insights 27-07-2021

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.

Digital transformation – all change

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Kevin Salter 22-07-2021

Digital transformation can mean different things to different people; it is a catchall term describing the implementation of new technologies and processes to improve business operations.

TAFR gets real with consultation on basis period reform

Caroline Miskin 21-07-2021

The government has moved swiftly to consult on draft legislation to reform basis period rules before MTD ITSA becomes mandatory. ICAEW is concerned that changes will be rushed through and disappointed that the normal consultation process is not being followed.

HMRC needs more resource to rebuild the UK's tax system

Anita Monteith 13-07-2021

ICAEW welcomes HMRC’s vision of a more flexible and responsive tax system outlined in the Tax Administration Framework Review but warns that significant challenges, such as creating a single identifier for taxpayers and consolidation of tax systems, can only be met if HMRC is properly resourced.

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