Delay digital tax reforms to avoid chaos, Phillip Hammond urged

Phillip Hammond is coming under pressure to delay controversial digital tax reforms amid warnings of mass chaos if he pushes ahead with scheme next month as planned. 

Fears are mounting that the move, which affects 1.2 million business, will lead to more tax errors as 97 per cent of businesses have still not signed up and tens of thousands still unaware it is coming. 

Under so called "Making Tax Digital" VAT registered businesses with income above £85,000 are being told by the taxman that they must start using new software which lets them record their tax bills in real-time. 

To comply with HMRC's new system businesses must buy this software from a list of companies which HMRC has checked work with its own systems and start using it to log their bills.   

Hashtag your posts

Love to #hashtag? Good news!

You can add tags (#vacation #dream #summer) throughout your posts to reach more people. Why hashtag? People can use your hashtags to search through content on your blog and find the content that matters to them. So go ahead and #hashtag away!

0 views0 comments

Recent Posts

See All