I didn’t realise I was THAT sad…..
Making Tax Digital is the most significant change in our tax system for decades but even I was surprised that I had managed to write TEN blogs about it since February 2016. And there are going to be more in the future. I am (excitedly) waiting for the results of the consultation which took place over the autumn and HMRC have promised to tell us what they intend to do sometime in January. Am I expecting HMRC to change their minds? No absolutely not.
Will they delay it? Possibly but in some ways I hope not. The digital world is here with us now and we would be complaining if HMRC still demanded paper returns so let’s go fully digital and do it properly. We all work better to a deadline so even if it is delayed there will still be accountants leaving it until the last possible moment to get to grips with it and blame their clients if it goes wrong. So let’s stick to the current deadline, get the excuses out of the way early and move on.
In case you missed my earlier blogs on all things “Making Tax Digital” they are listed out below.
11 February 2016 – Making Tax Digital
12 April 2016 – More on Making Tax Digital
18 April 2016 – The Four Foundations of Making Tax Digital
25 April 2016 – Making Tax Digital will never happen!!!
6 May 2016 – When will Quarterly Accounting for tax purposes come into effect?
8 June 2016 – Busting the Making Tax Digital Myths
27 June 2016 – But I’m only a sole trader – surely I won’t need to submit 4 tax returns a year?
31 August 2016 – But I’m only a landlord – surely I won’t need to submit 4 tax returns a year?
7 September 2016 – More on Making Tax Digital – The Consultation
13 September 2016 – Should Making Tax Digital be delayed?