Personal MTD postponed but MTDfB will not be delayed

Last week it was announced that due to Brexit some of HMRC’s plans have had to be put on hold, so they have decided that Digital Services for Individuals would be put on hold.

HMRC’s email stated: ‘We have made the decision to delay plans to introduce further digital services for individuals, to release project capability to EU Exit work. This means halting progress on simple assessment and real time tax code changes.’
‘We will pause work to digitise services that impact fewer numbers of customers, such as those paying Inheritance Tax, or applying for Tax Advantaged Venture Capital Schemes and PAYE settlement agreements.’

But Making Tax Digital for Businesses will not be delayed, so from 2019 VAT will be the first stage then Business Tax potentially starting in 2020.

Come to one of my seminars to find out more

steve@bicknells.net

 

 

 

 

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