Making Tax Digital: The Slowdown Continues

making tax digital slowdown - TBL Accountants

HMRC’s recent email stated that they were “overly ambitious” with regard to the introduction of digital tax.

According to the email, which was sent to AAT among others, HMRC has decided to delay plans to introduce further digital services for individuals, to release project capability to EU exit work.

CEO John Thompson admitted that the ‘demand is falling, but not by the amount assumed in 2015’ with so much focus being forced to prioritise the EU exit work which includes a major upgrade to the customs declaration system.

Brian Palmer, tax policy adviser, AAT stated that ‘At the end of 2017, HMRC had 15 major programmes and more than 260 projects running. It is hardly surprising in this context that Jon Thompson, HMRC’s CEO, felt the need “to take a step back and look carefully at what we could, and should, deliver in light of those challenges.”’

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For more help with Making Tax Digital, get in touch with the team today. Call us on 01702 466 886 or contact us online.

TBL Accountants are your local accountancy firm operating in Southend and across Essex. We specialise in a variety of services as personal, business, and charity accountants. Want to find out more? Get in touch with our team today.

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