The recent hearing on making tax digital was striking for the consistency of views expressed by the witnesses, writes Paul Aplin ( A C Mole & Sons).
At the Treasury Select Committee (TSC) hearing on making tax digital (MTD) held on 25 October Rebecca Benneyworth appeared in her role as chair of HMRC’s Digital Advisory Group alongside ICAEW’s Frank Haskew ACCA’s Chas Roy-Chowdhury and the FSB’s Mike Cherry. All concurred that digital holds great potential for improving tax administration and compliance. All however cautioned that some aspects of MTD need to be rethought.
A number of concerns were expressed none of which should surprise HMRC. One was the lack of awareness in the small business community of the proposal to mandate digital record keeping. The witnesses agreed that the current £10 000 easement was...
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Home >Articles > Making tax digital - November 2016
Making tax digital - November 2016
The recent hearing on making tax digital was striking for the consistency of views expressed by the witnesses, writes Paul Aplin ( A C Mole & Sons).
At the Treasury Select Committee (TSC) hearing on making tax digital (MTD) held on 25 October Rebecca Benneyworth appeared in her role as chair of HMRC’s Digital Advisory Group alongside ICAEW’s Frank Haskew ACCA’s Chas Roy-Chowdhury and the FSB’s Mike Cherry. All concurred that digital holds great potential for improving tax administration and compliance. All however cautioned that some aspects of MTD need to be rethought.
A number of concerns were expressed none of which should surprise HMRC. One was the lack of awareness in the small business community of the proposal to mandate digital record keeping. The witnesses agreed that the current £10 000 easement was...
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:
