Only five software products ready for MTD ITSA testing
[ad_1] Just five software products will be available at the launch of MTD ITSA private beta testing on 22 April. HMRC has revised the list of software products that support making tax digital income tax self assessment (MTD ITSA). Private beta testing of MTD ITSA is due to launch on 22 April 2024. HMRC has […]
MTD ITSA regulations amended but concerns remain
[ad_1] ICAEW’s Tax Faculty examines the latest MTD publications, including the amended MTD ITSA regulations and the government’s response to the public accounts committee report on MTD. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen […]
ICAEW responds to latest MTD ITSA consultation
[ad_1] Amendments to the regulations and notices for making tax digital income tax self assessment (MTD ITSA) need to be set in the context of wider concerns about the programme. ICAEW’s Tax Faculty has responded to HMRC’s consultation on draft regulations for MTD ITSA and associated notices in ICAEW REP 08/24. As the current MTD ITSA […]
Public Accounts Committee report criticises MTD programme
[ad_1] HMRC has lost sight of needing to put taxpayers at the heart of changes to the tax system, warns PAC. The House of Commons Public Accounts Committee (PAC) released its report Progress with Making Tax Digital on 24 November. The report expresses concerns that the additional burdens of Making Tax Digital (MTD) will make […]
MTD ITSA announcement disappoints | ICAEW
[ad_1] The government has missed the opportunity to seriously reconsider its MTD ITSA policy. The decision on mandating MTD for the self-employed and landlords with turnover below £30,000 is to remain under review. In the Autumn Statement 2023, the government announced the outcome of its review into how making tax digital income tax self assessment […]
NAO and PAC scrutinise MTD progress and business case
[ad_1] The National Audit Office (NAO) has published a very critical report into HMRC’s progress with making tax digital (MTD). The report reflects many of ICAEW’s concerns and forms the basis of an inquiry by the Public Accounts Committee (PAC). HMRC may have hoped the December 2022 announcement that making tax digital income tax self […]
ICAEW calls for fresh thinking on MTD ITSA policy
[ad_1] ICAEW has written to HMRC as part of its engagement on the review of how MTD ITSA could be shaped to suit the needs of smaller self-employed and property businesses. The government announced the review of making tax digital income tax self assessment (MTD ITSA) on 19 December 2022, alongside the deferral of its start […]
ICAEW calls for fresh thinking on MTD ITSA
[ad_1] ICAEW has written to HMRC as part of its engagement on the review of how MTD ITSA could be shaped to suit the needs of smaller self-employed and property businesses. The government announced the review of making tax digital income tax self assessment (MTD ITSA) alongside the 19 December 2022 announcement of a deferral […]
Fifth deferral of MTD ITSA
[ad_1] The government has announced that MTD ITSA will now be introduced in phases from 6 April 2026. While ICAEW welcomes this deferral, it is concerned that more time may not solve the fundamental design and policy problems that have been identified over the past year. The Financial Secretary to the Treasury has announced, in […]
Pre-Christmas MTD ITSA announcement: the aftermath
[ad_1] ICAEW’s Tax Faculty asks how businesses can make best use of the additional time before they have to ‘go digital’. The day after the government’s announcement that MTD ITSA is going to be introduced in phases from 6 April 2026, Caroline Miskin, Anita Monteith and Ed Saltmarsh gathered for a live MTDtalk discussion. What […]