HMRC has been running a private pilot for Making Tax Digital (MTD) for VAT since April 2018 with privately invited clients of software developers that were going through testing. Once the private pilot interface was tested thoroughly and further functionality delivered, HMRC were able to open the pilot publicly, although they have taken decisions to limit entry initially as well as delay MTD for VAT mandation for certain complex businesses. HMRC have also started writing directly to businesses to tell them about MTD.
The Treasury Committee has opened its inquiry in the Budget, and the CIOT has scored various Budget announcements against the Treasury Committee’s principles of tax policy. How well did it score? Read on to find out.
CIOT representatives met with the Financial Secretary to the Treasury, Mel Stride, in October to discuss a number of issues of concern to the Institute, primarily Making Tax Digital (MTD), Working Together and HMRC conduct.