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Ministers confirm a
new timetable for Making Tax Digital
Three million of the smallest
businesses and landlords will be
able to move to the new digital
system for keeping tax records at a
pace that is right for them,
Ministers announced today as they
set out the next steps for the
Finance Bill.
The government has listened to
concerns raised by parliamentarians,
in particular the Treasury Select
Committee, businesses and
professional bodies about the pace
of change and is taking steps to
ensure a smooth transition to a
digital tax system.
Making Tax Digital will help bring
the tax system into the 21st century
by providing businesses with a
modern, streamlined system to keep
their tax records and provide
information to HMRC. Roll out for
Making Tax Digital has been amended
to ensure businesses have plenty of
time to adapt to the changes.
