Call for delay to Make Tax Digital introduction
Mike Cherry, chairman of the FSB, has said HMRC’s latest proposals for quarterly reporting, published last week, failed to provide clarity for small businesses. Mr Cherry asked: “Does quarterly tax reporting actually mean full sets of accounts, being sent in every quarter? Nobody knows the detail yet.” He also called for a delay in the introduction of the Make Tax Digital programme from 2018 to at least 2020 so concerns over cyber security can be allayed and proper trials carried out.
The Mail on Sunday (05/02/2017)