MTD really is here to stay – although the form it will eventually take is still largely unknown, says Ian Vickers. First of all, let us be clear – Making Tax Digital (MTD) will happen in one form or another.…
Category: MTD
It’s the Cash basis Captain BUT not as we know it
I’ve hijacked a well used phrase known to all Trekkies but it is exactly apposite because we and by we I mean Accountants all know what the cash basis means. Income and Expenses are calculated on an as paid and…
MTD pilot beset by teething troubles
In part three of his series of articles on the Making Tax Digital pilot scheme, Darren Powell points to a few glitches that HMRC needs to iron out before the system works as it is designed to do. I am…
MTD’s Slow Progress
In part two of his series of regular articles for Accounting Practice, Darren Powell explains why the Making Tax Digital pilot scheme is making slow progress In my last article I was able to report on my experiences of the…
Sometimes where HMRC are concerned you just have to shake your head and walk away
Here we are at officially the start of Spring 2018 and HMRC have a few days ago sent out a call for Agents to join the MTD pilot scheme. This call has been repeated in their apparently monthly Digital Services…
MTD for Vat: It’s all about error reduction but what errors?
As we are rapidly closing in on the MTD “D Day” for Vat from April 2019 I’ve been reviewing all the output on the subject and seriously I’m astonished at just how many hoops we as accountants and our clients…
The demise of VT Transaction+ Spreadsheets: ExHell of ExHeaven?
So Transaction + is no more! Ian Vickers explains how you could turn a potential problem into an opportunity If you’re an accountant and you read Accounting Web recently you would have thought that the apocalypse had arrived. “I love…
The Future is Here
A simple solution to tackling Making Tax Digital is just what the accountant ordered, says Joel Oliver Over the past few months we have made it our goal, as an app platform developer, to find out exactly what MTD…
DAS and MTD have they and will they go away?
In an speech given to the CIOT recently the outgoing HMRC Chairman Edward Traup (pre knighthood award) gave some insight into the MTD situation and DAS. Regarding MTD the outgoing chairman said he viewed the journey to MTD as making…
MTD? It’s the tax gap stupid
At presentations and in articles I have often quoted the Tax gap as being the major driving force behind the whole MTD agenda and specifically within the tax gap HMRC’s avowed desire to reduce the gap they attribute to small…