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Ploughing On
KEY POINTS
- HMRC met the January deadline for responses to the Making Tax Digital consultation.
- No change to the timetable but a penalty relaxation.
- Spreadsheets will still have a role but will need to be MTD-compatible.
- Some confusion over the submission date for end-of-year information.
- Further information awaited on the turnover limit for deferral from MTD.
- Some changes and relaxations but otherwise MTD plans are much the same.
Those of us all too familiar with the struggle to get everything done by 31 January will have enjoyed the irony of HMRC having to meet the self-imposed deadline of 31 January to publish its response to the Making Tax Digital (MTD) consultation. The deadline was met with about 12 hours to go and ...
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