Sharron West

Sharron West

Autumn Statement focus on personal tax – Personal tax

Technical Officer, LITRG

Making-tax-digital-for-business
Making Tax Digital
1 May 2018

Sharron West provides an update on how MTD will affect small and micro businesses

Technical

Although relevant annual receipts not exceeding £1,000 may be non-taxable and the allowance may replace a deduction for actual expenses, record-keeping obligations remain.

Technical

The CIOT, LITRG and ATT have commented on the proposed Making Tax Digital (MTD) for Business secondary and tertiary legislation for Income Tax

Technical

The CIOT and LITRG have commented on the draft primary legislation published on 31 January 2017.