Press Release

HMRC must ensure they thoroughly pilot Making Tax Digital for Income Tax before rolling it out

HMRC has announced1 that, from April 2023, self-employed businesses and landlords with turnover above £10,000 per year will be required to keep digital records and submit income tax updates every three months instead of filing annual self-assessment tax returns.

‘Tomorrow’s world’ plan for tax administration must not leave anyone behind

HMRC has today released an ambitious ten year plan for modernising the tax system,1 capitalising on the opportunities provided by technological advancement.