Making Tax Digital was a promised revolution to the UK’s tax system, but gained no favours among the SME community. New amendments, however, will give 3m of the UK’s smallest businesses more time to make the switch.
Comparing it to the drastically different way people consumer media, Tracy Ebdon-Poole has some thoughts on how Making Tax Digital implementation will work.
Real Business takes a brief look at how Making Tax Digital came to be – and why such a “revolutionary” scheme was scrapped from the Finance Bill.
It’s time for chancellor Philip Hammond’s Spring Budget 2017, so we’ve looked at the rumour mill and compiled a list of business announcements likely to crop up.
The government and Federation of Small Businesses (FSB) are being held by the Treasury committee to task over the projections made for the financial impact of Making Tax Digital to small businesses.
Following a consultation garnering 3,000 response, HMRC has announced how the Making Tax Digital policy will look in action and made amendments to suit concerned businesses.