Jane Ellison, finance secretary to the Treasury, has recently confirmed that the introduction of Making Tax Digital (MTD) for the majority of businesses will be delayed to 2019 to allow them more time to prepare.
HM Revenue & Customs have released six consultations setting out plans for the transition to MTD covering businesses, self-employed, individual taxpayers, pensioners and landlords. The consultation period runs until 7 November 2016, and we will update on progress.
As a digitally advanced practice, we at Magma are able to assist you prepare for the changes ahead.
If you would like to discuss, or want help, call David Nash or Andrew Wilson on 01788 539000.