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All for nothing?
Key points
- Fewer people will be in scope of making tax digital for income tax and they are likely already to have software.
- HMRC is decommissioning the Computerised Environment for Self Assessment (CESA) designed in the early 1990s and moving to a new platform.
- Will MTD for income tax ever come to fruition?
- Innovative agile smaller developers that have committed resources early to MTD for income tax have been hit hardest by the latest deferral.
- Trust has been damaged; we need new hands-on approaches to the relationship between HMRC and developers.
Shortly before Christmas 2022 as readers will be aware the government announced that making tax digital (MTD) for income tax is to be delayed until April 2026 and then with a much smaller mandation cohort.
As accountants and bookkeepers banks and financial institutions and other intermediaries review business plans with significantly less reliance...
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