The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal
The letter also states:
“MTD may improve the customer experience for a growing number of people who are able to engage digitally. For example, so called 'nudges and prompts', if designed properly, could make dealing with HMRC a less intimidating experience; it could provide the facility of 'what if scenarios to give businesses certainty about the tax consequences of their decisions. Implemented carefully, it could do some good. But it could also do much harm.
The consultation is therefore crucial. It needs to be meaningful. There may be a case for delaying the implementation of MTD. A year's extension for an unspecified group of businesses may not be enough.
There may also be merit in piloting the systems. From this, the lessons from customers' experiences can be learnt, and well before digital reporting is made mandatory.
HMRC's proposals are major changes. There remains considerable cause for concern with the proposals. Better to get it right than to stick to a rigid timetable.”
CIPP comment
We would urge employers to get involved in the MTD consultations if you haven’t already.
Webinar There is an Overview of Making Tax Digital for Agents on 25 October 2016, 1pm to 2pm
Face-to-face events HMRC are running a series of face-to-face events across the UK throughout September and October 2016. Full details of dates, times and subjects covered are detailed on GOV.UK and also how to apply for a place.
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Making Tax Digital response due January 2017 8 December 2016
The government has confirmed that it will publish its response to the 6 Making Tax Digital consultations, together with draft Finance Bill 2017 legislation in January 2017.
The government published a package of 6 consultations on MTD in the summer, which closed on 7 November 2016. In addition to inviting written responses to each consultation document, HMRC undertook significant stakeholder engagement activity to gather views from businesses, agents and software providers on the proposals. This included 15 face-to-face roundtable events across the UK and 14 webinars (with over 3,000 participants).
The government is pleased with the large number of responses HMRC has received to the consultations. There were over 1,200 responses to the online survey in the short guide to the 6 consultations.
HMRC received via email and letter over 600 responses to the consultations ‘Bringing Business Tax Into The Digital Age’ and ‘Voluntary Pay-As-You-Go’, over 120 responses to the ‘Tax Administration’ consultation, over 200 responses to the consultations on simplification measures and nearly 80 responses to the consultation on making better use of information.
To ensure that the views of respondents to the consultations are fully considered, the government will publish its response to all 6 consultations, together with draft Finance Bill 2017 legislation in January 2017.
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Better to take care on the road to it than to have a road accident 24 January 2017
The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
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