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HMRC Making Tax Digital – What You Need To Know
We received a number of emails and calls yesterday and today following a webinar presented by another company in our industry. The webinar purported to be in connection with HMRC’s Making Tax Digital strategy but turned out to be not much more than rouse to sell mobile app development services.
Unfortunately, its content rather unsettled the customers that contacted us, so I’ve written this blog to set out where the industry currently sits with the strategy and how it could affect practitioners and their firms…
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HMRC Publishes Response to Penalties Consultation
Back in February of this year, HMRC kicked off a public consultation on the penalties it issues to taxpayers and the reasons why. It’s highly likely that the UK tax regime will become more automated in the coming years and with it, so too will be the application of penalties.
Computers need rules to apply. But what should the new rules look like?
Curiously, the document showed that HMRC wanted to make itself look more fair in how penalties were determined and applied, rather than the hard-and-fast approach taken today.
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