Delay MTD
Posted on 12 Jul 2016
Delay launch of MTD project, committee urges
A report from the House of Lords Economic Affairs Committee has called on the Government to delay the launch of its “Making Tax Digital” (MTD) scheme until 2020 and make it optional for many small firms and self-employed workers. The committee"s report found that not enough consideration has been given to support those lacking digital skills: with HMRC"s own research showing that 61% of the self-employed cannot or need help to interact with the Government online. In last week’s budget, Philip Hammond responded to criticism of MTD by delaying its implementation for businesses with a turnover of less than £83,000, the VAT threshold, until April 2019.
