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A recent conference proved that Making Tax Digital was a top concern and there are many issues HMRC should address.
KEY POINTS
- Making Tax Digital will change the relationship between HMRC agents and taxpayers.
- A better exchange of information is welcome but not the level of information that must be provided.
- Flexibility is essential so that taxpayers can deal with their additional obligations.
- The present state of HMRC’s administration does not give confidence.
- The advantages of Making Tax Digital for taxpayers are difficult to perceive.
Making Tax Digital (MTD) was by far the most pressing matter discussed at the recent UK200Group Annual Conference and it’s certainly one of the most ambitious changes to the system of taxation that HMRC has ever proposed. Although there are great benefits to...
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