In the 2015 budget speech, the Chancellor announced that HM Revenue and Customs were preparing for a huge project to make tax digital. This was followed up in December 2015 with HM Revenue and Customs publishing a road map for Making Tax Digital.
This will affect all taxpayers over the coming years and all of our staff are well aware of the proposals and implications.
For further details regarding the changes please see our Making Tax Digital publication here. Or watch the following video releases from H M Revenue & Customs:
To see the impact this has on you or your business please select the following to download a tailored implementation timeline.
Click here to see what action you need to take to become Making Tax Digital Compliant.
For a full list of publications and updates related to Making Tax Digital click here.
Partner Dale Simpson is chairman of the south west region for the Institute of Chartered Tax Advisors and has joined the Institute’s national technical committee dealing with Making Tax Digital.
Dale is not only representing his institute but he is also representing all staff and clients of Thomas Westcott to try to ensure that Making Tax Digital is carried out in such a way that it is fair to taxpayers.