Rebecca Benneyworth (Rebecca Benneyworth & Co) examines the detailed requirements for MTD, and considers how it will affect advisers and their clients.
So we have an extra year – no need to get excited yet practitioners are saying. But the reality is we still have to keep our focus on MTD if we are to make the transition without a mad dash for the finish line.
The emphasis for the next 18 months needs to be on implementing digital record keeping for those clients who have not yet joined the digital revolution. In fact for very small businesses and most landlords I am taking (and would encourage) a slow and steady approach. There will be a wider choice of software packages in six months’ time than there is now and a still wider choice in 12 months’ time. Firms will want to plan to put...
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Rebecca Benneyworth (Rebecca Benneyworth & Co) examines the detailed requirements for MTD, and considers how it will affect advisers and their clients.
So we have an extra year – no need to get excited yet practitioners are saying. But the reality is we still have to keep our focus on MTD if we are to make the transition without a mad dash for the finish line.
The emphasis for the next 18 months needs to be on implementing digital record keeping for those clients who have not yet joined the digital revolution. In fact for very small businesses and most landlords I am taking (and would encourage) a slow and steady approach. There will be a wider choice of software packages in six months’ time than there is now and a still wider choice in 12 months’ time. Firms will want to plan to put...
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:
