Increased digital reporting, the implementation of Pillar Two, potential further reforms to pensions tax... Bill Dodwell, former Tax Director of the Office of Tax Simplification, looks at what’s in store for tax in the year ahead.
Happy new year! As we recover from the festivities what could 2024 bring in the tax world? Perhaps as 2024 is a general election year we should not expect major moves but there’s still plenty to look forward to – and start planning for.
If there’s a single theme for 2024 and beyond it must be the increased adoption of digital reporting whether by taxpayers or by intermediaries. It’s not yet the adoption of artificial intelligence although tax authorities are starting to experiment with its use in analysing taxpayer information.
Making Tax Digital for income tax
It’s finally time to look forward after a difficult few...
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Increased digital reporting, the implementation of Pillar Two, potential further reforms to pensions tax... Bill Dodwell, former Tax Director of the Office of Tax Simplification, looks at what’s in store for tax in the year ahead.
Happy new year! As we recover from the festivities what could 2024 bring in the tax world? Perhaps as 2024 is a general election year we should not expect major moves but there’s still plenty to look forward to – and start planning for.
If there’s a single theme for 2024 and beyond it must be the increased adoption of digital reporting whether by taxpayers or by intermediaries. It’s not yet the adoption of artificial intelligence although tax authorities are starting to experiment with its use in analysing taxpayer information.
Making Tax Digital for income tax
It’s finally time to look forward after a difficult few...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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