This consultation considers how digital record keeping and regular updates should operate. It will be of interest to: all businesses, the self-employed and landlords, as well as agents, business representative bodies, software developers and insolvency practitioners.
This consultation considers the extension of cash basis accounting to landlords. It will be of interest to individuals and partnerships of individuals with unincorporated property businesses (landlords), as well as their agents and representative bodies.
It also announces the opportunity regular updating provides to make earlier repayments. It will be of interest to: all businesses, the self-employed and landlords, as well as agents, business representative bodies, software developers and insolvency practitioners.
This consultation covers aspects of the tax administration framework that need to change to support Making Tax Digital. It also sets out proposals to align aspects of the tax administration framework across taxes, including the simplification of late filing and late payment sanctions.
This consultation focuses on how HMRC will make better use of the information currently received from third parties, to provide a more transparent service for taxpayers that reduces end of year under and over payments.
It will be of interest to: all individual and business taxpayers, agents who currently complete tax returns for their clients, software developers, employers and all other organisations that provide customer information to HMRC.
HMRC are also running a program of webinars and face to face events across the UK, to provide more detail on the consultations, as well as an opportunity to ask questions or give feedback on the proposals.
Article written by Donna McCreadie
By accepting, you agree that we may store and access cookies on your device. You can find out more and set your own preferences by clicking "Manage preferences".