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Where are we now?
KEY POINTS
- Businesses will not be mandated to use Making Tax Digital until April 2019 and then only for those above the VAT threshold.
- In April 2018 simple VAT-registered entities were invited to join the pilot programme.
- Interested parties have time to pause and aim for a more achievable implementation date.
- HMRC has published a VAT guide stakeholders’ communication pack and list of software suppliers.
- Bridging software that will enable data to be taken from spreadsheets and converted into an MTD-friendly format is becoming available.
- The government will not widen MTD before April 2020 at the earliest.
What? A minister who listens? It’s a little over a year ago since the then recently-appointed Financial Secretary to the Treasury Mel Stride published a written...
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