Tax body amplifies MP's alert on digital accounts
The EU referendum is not grounds to shrink the period that the taxman has to reflect on freelancers’ concerns about a plan to force them to use a digital account at least quarterly.
The Association of Taxation Technicians also says it agrees with the alert about the plan, Making Tax Digital, that it is “better to get it right than to stick to a rigid timetable.”
Sounded earlier this month by the Treasury Select Committee’s Andrew Tyrie MP, the alert is “welcome,” as “it is in no-one’s interest to rush the introduction of MTD,” says the ATT.
If it is rushed (the six MTD consultations went live in August and not the Spring as intended, affording HMRC less time to reflect on feedback), “a range of problems” might ensue.
“We fully understand that the EU referendum campaign delayed the publication of the MTD consultations,” the association added.
does not justify abbreviating the period for serious reflection by HMRC on the
many detailed comments that will be included in the responses to the
ATT's president Ralph Pettengell said he would be
urging the government to listen to the advice
contained in Mr Tyrie’s letter, which it described as “very measured.”