SME Tax News

HMRC’s Making Tax Digital (MTD), means a new joined up systems for HMRC and the majority of businesses and landlords will have to use software and apps in order to complete new tax obligations. The Roadmap is the document outlining HMRC’s vision for reform and the end of the Tax Return by 2020.

HMRC have published their response to feedback received during their consultation earlier this year on reforms to the Gift Aid Small Donations Scheme (GASDS).

HMRC have published their response to the 2015 consultation 'Simplification of the tax and National Insurance treatment of termination payments' together with draft legislation for consultation, to implement their proposed changes.

HMRC have launched a consultation ‘Tackling disguised remuneration’ which includes more details on the changes to be introduced in Finance Bill 2017 together with some draft legislation.

As part of its program in Making Tax Digital (MTD), HMRC has published ‘Making Tax Digital: Bringing business tax into the digital age’, a consultation that considers reporting timings, software requirements and what businesses and their accountants will need to do.

HMRC have launched a consultation 'Simplified cash basis for unincorporated property businesses', part of the Making Tax Digital package of consultations.

HMRC have launched a consultation 'Simplifying tax for unincorporated businesses', part of the Making Tax Digital (MTD) package of consultations. 

As part of its program in Making Tax Digital (MTD), HMRC has published ‘Making Tax Digital: Tax administration’,  this consultation proposes changes to tax administration, i.e. HMRC's powers and penalties, required in Finance Bill 2017 to deliver MTD. 

HMRC have launched a consultation Stamp duty land tax: changes to the filing and payment process.  This includes a reduction in the filing and payment window from 30 days to 14 days from 2017-18 onwards.