Tax / HMRC clamps down on online trader tax defaulters

HMRC is imposing increasingly harsh penalties on small scale online retailers using internet marketplaces and who underpay their tax, according to research by Moore Stephens

Tax / Browne: HMRC IT system fault costing taxpayers

Crucial aspects of HMRC’s IT system appear to be dysfunctional as it is seeking to digitise, and it is costing taxpayers, says Bishop Fleming head of tax Andrew Browne

Tax / HMRC launches Making Tax Digital pilot

HMRC has launched its Making Tax Digital for business pilot to test out its new reporting system, with a year to go before businesses with turnovers above the VAT threshold  are required to switch to digital records and provide quarterly summary updates from April 2019

Tax / HMRC launches fraud hotline

HMRC has launched a new hotline for the public to report fraud and evasion, replacing the existing two separate tax evasion and customs hotlines with one, in a bid to streamline information gathering on tax fraud

Tax / Budget 2017: £740m invested in digital infrastructure

Chancellor Philip Hammond has announced plans to invest £740m in digital infrastructure by 2020 to build a 5G technology hub and support reliable broadband communications for businesses and individuals, as tax reporting moves online as part of Making Tax Digital

Tax / Briefing: Making Tax Digital essentials

As HMRC aims for the launch of Making Tax Digital in April 2018, CCH Daily assesses the key developments, timetable and compliance costs, House of Lords criticism of mandation and concerns over readiness of software developers to be up and running in time for the start date

Tax / HMRC: software vendors will not be ready for Making Tax Digital

Making Tax Digital programme director Theresa Middleton has warned members of the House of Lords Economic Affairs Committee that some software vendors will not be ready to take part in the Making Tax Digital pilot scheme set to commence in April 2017. Calum Fuller reports

Tax / Microsoft founder Gates advocates robots pay taxes

Billionaire Bill Gates, the founder of Microsoft, has predicted that in future there will be a need for robots to pay taxes, as increasingly automation replaces more jobs, in order to prevent inequalities

Tax / Small businesses face ’10 year payback’ for Making Tax Digital

Small businesses could face a wait of up to 10 years before they see a return from investing in becoming compliant with Making Tax Digital, members of the House of Lords’ Economic Affairs Committee have heard. Calum Fuller reports

Tax / Lords to examine Making Tax Digital for farmers and small businesses

Farmers, small businesses and landlords are to give evidence to the Economic Affairs Finance Bill sub-committee on the government's Making Tax Digital project today

Tax / HMRC to develop own online verification service

HMRC is to develop its own identity verification service for some taxpayers, rather than using the Verify online identity assurance service currently being developed by the Government Digital Service (GDS) as the standard ID platform for the public sector

Tax / HMRC upgrade to interactive online forms creates PDF problem

HMRC is changing the format of its online forms to make them interactive which means that PDFs cannot be opened without upgrading to the latest version of Adobe Reader, which could interfere with existing software preferences on user PCs

Tax / Changing accounting date could delay Making Tax Digital for self employed

Self employed businesses and sole traders who feel they may need more time to adjust to the requirements of Making Tax Digital could consider changing their accounting date, according to ICAEW

Tax / Riley: Making Tax Digital means Making Tax Digital

Last week saw an interesting few days. We had the vote on triggering Article 50 in the Commons and a day later the publication of the Brexit White Paper. Getting in just before the filing deadline of 31 January, HMRC’s response to the six consultations on Making Tax Digital landed with a thud. Jonathan Reilly, head of tax at Grant Thornton reacts to the digitisation plans  

Tax / Lords brand Making Tax Digital mandation ‘undemocratic’

Members of the House of Lords Economic Affairs Finance Bill sub-committee have described the mandatory uptake of Making Tax Digital as ‘undemocratic’ as they continue their enquiries into the project’s rollout. Calum Fuller reports