The Office of Tax Simplification is asking self employed taxpayers and residential landlords to complete two online surveys as part of its current project on simplifying tax reporting and payment arrangements for these taxpayers.
- The self employed and residential landlords are due to be mandated into Making Tax Digital for income tax (MTD) at sometime on or after April 2021. Current proposals are that they would then complete five tax returns per year.
The chances are any increased reporting requirement will greatly complicate the way that these self assessment taxpayers account for tax payments on account and therefore the OTS’ scoping exercise is aiming to gather information about people’s experience and views on the current system and potential areas of improvement.
All responses will be anonymous. These surveys will remain open until 20 September 2019.