ICAEW Tax Rep 18-18: Making Tax Digital
Released 08 February 2018
ICAEW has published comments on the Making Tax Digital: Draft Value Added Tax (amendment) regulations and notice 2018 published by HMRC on 18 December 2017.
The Institute of Chartered Accountants in England and Wales (ICAEW) has commented on several aspects of the regulations and notice, including that Making Tax Digital (MTD) should be voluntary not mandatory and that businesses and HMRC should be given more time to introduce MTD, including extending the pilot and giving businesses at least two years to become fully compliant. Consideration should also be given to deferring MTD until after Brexit.
View the submission at ICAEW Representation 18/18.