Making Tax Digital Explained
The government may have changed but plans to implement a fully digital tax system - known as the Making Tax Digital (MTD) initiative - by 2020, are unaltered. A few weeks ago the first consultation documents on these proposals were published, providing details of how partnerships and unincorporated businesses will be affected. Note that amongst those affected will be landlords with unincorporated property portfolios. In this article, Lesley Stalker a Partner at Surrey Accountants RJP LLP outlines what the latest government recommendations are and the implications for those involved. Background to the new digital tax system Implementing a digital tax system is part of a wider government vision to enable all taxpayers - businesses and individuals - to pay their taxes ... »
