An update on Making Tax Digtal
In his March 2017 Budget Philip Hammond confirmed the commencement date for making tax digital (MTD) for all landlords, sole traders and partnerships, with those whose turnover is in excess of the VAT threshold seeing their obligations commence as soon as April 2018.
The June General Election has triggered a rapid about turn and the MTD provisions have now been taken out of the Finance Bill 2017.
We expect the MTD provisions to be brought into the No2 Finance Bill post election however the new provisions could be subject to change and they will hopefully give businesses more time to get ready for the changes.
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