Stamp duty land tax is one of the biggest tax bills many people have to pay, but thankfully we only need to worry about it when we’re buying a property, right? Not necessarily.
Considering the political upheavals over the past six months, you’d be forgiven for forgetting about one Government initiative that was shunted into the long grass in the run-up to this summer’s general election – Making Tax Digital.
Whilst mooted as far back as the 2015 Autumn Statement, in the latest development of the Making Tax Digital (MTD) drama, it’s introduction will now be delayed for businesses until 2020, with the exception of VAT:
Join us in welcoming Claire, just back from maternity leave. ✨
At last – the Brexit talks have commenced…
Following the decision of our Prime Minister, Theresa May, to call a snap election, she is left in a much weaker position, with no more majority in the House of Commons.
The Making Tax Digital (MTD) pilot was launched on 3 April 2017 and HMRC is currently accepting willing business volunteers in limited numbers before it opens up the pilot to agents to register volunteer clients. However, due to Brexit and the Elections, there has been a delay to the original timeline.