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MTD rethink

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The CIOT has welcomed a call by the Public Accounts Committee for HMRC to assess whether the administrative burden that making tax digital (MTD) is imposing on businesses is reasonable and affordable before proceeding with further rollout. The recommendation, made in the Committee’s Tackling the tax gap report reflects in part the CIOT’s evidence casting doubt on whether compulsion is the best way of extending MTD to the vast majority of VAT and income tax self-assessment businesses, and on whether it will achieve a significant reduction in the tax gap. Instead, the CIOT suggests an approach where systems are attractive to business – to such extent that businesses choose to move over to them.

Issue: 1506
Categories: News