HMRC launches digital tax pilots

In a bid to calm fears about the introduction of Making Tax Digital (MTD), HM Revenue & Customs (HMRC) is to invite selected businesses and agents to take part in a pilot programme to report their income and expenses as part of the MTD strategy. A report from the Treasury Committee in response to the… Read more…

Consultation on late submission penalties for MTD

HM Revenue & Customs (HMRC) has opened a consultation on penalties for firms that either submit records late under the Making Tax Digital (MTD) scheme or do not pay on time. When HMRC consulted on its compliance powers last year, it was recognised that more work needed to be done on the matter but has… Read more…