The current situation with Making Tax Digital for Income Tax Self-Assessment – MTD ITSA, and what may happen next.
Summary report on the Autumn Statement delivered by the Chancellor 17 November 2022
The headline tax rises the Chancellor announced in his Autumn Statement to Parliament on 17 Nov 2022
In Jeremy Hunt’s statement yesterday, he told us which Mini-Budget measures are staying and which are not going ahead. The summary is simple. Everything goes except abolishing the Health & Social Care Levy, changes to Stamp Duty and the increased Annual Investment Allowance.
How keen is the UK, in general, to embrace HMRC’s Making Tax Digital (MTD) initiative? Are we lagging behind other countries in adopting a digital system and have we gone far enough to digitise all business processes, rather than just the integration with the tax system?