Making
Tax
Digital
(MTD) - On Hold?
Here is the most recent update on the proposed
Making Tax Digital
(MTD).
Due to Parliament being dissolved in preparation for the General Election, some of the clauses of the Finance Bill were put aside. One of these clauses was relating to
MTD
, so for now, it's implementation and future is uncertain.
It is expected that MTD is likely to be re-introduced once the new Government is formed but it's timescales and roll-out are unclear at this time. There is also no guarantee that a different Government will have the same objectives.
In the meantime we will be considering the requirements as we believe it is inevitable that it will become enforced at some point in the future.
We will keep you updated so..
."
Watch this Space!"
If you would like to see a more in depth list of items that were put aside,
If you would like a copy of the proposed MTD guide
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