Hindsight is a wonderful thing but where MTD is concerned, it is not too late to learn from what the recent NAO report reveals, writes Paul Aplin OBE.
Headline news
The NAO report on MTD for ITSA released on Monday 12 June will have made uncomfortable reading for HMRC. The NAO says that following repeated delays the programme is now expected to cost five times the original 2016 forecast and that HMRC omitted significant costs to customers from its business case when seeking approval for further funding. The NAO also found that HMRC’s original 2016 plan to introduce MTD by 2020 was unrealistic with the department failing to assess the scale of work required from the outset.
Gareth Davies the head of the NAO said: ‘The repeated delays and rephasing of Making Tax Digital have undermined the programme’s credibility and increased its costs. They put at...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Hindsight is a wonderful thing but where MTD is concerned, it is not too late to learn from what the recent NAO report reveals, writes Paul Aplin OBE.
Headline news
The NAO report on MTD for ITSA released on Monday 12 June will have made uncomfortable reading for HMRC. The NAO says that following repeated delays the programme is now expected to cost five times the original 2016 forecast and that HMRC omitted significant costs to customers from its business case when seeking approval for further funding. The NAO also found that HMRC’s original 2016 plan to introduce MTD by 2020 was unrealistic with the department failing to assess the scale of work required from the outset.
Gareth Davies the head of the NAO said: ‘The repeated delays and rephasing of Making Tax Digital have undermined the programme’s credibility and increased its costs. They put at...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
