Information for members

Making Tax Digital for VAT

The CIOT has produced a chart which compares the current position with the expected position under MTD for VAT in detail.
Main issues for consideration
(27 July 2017, updated 30 October 2017, updated 9 May 2018)

 

Opportunity to trial Making Tax Digital for VAT

HMRC are looking to enrol businesses into a VAT pilot commencing in April 2018. 

 

HMRC Talking Points webinars

Talking Points are weekly online digital meetings for tax agents and advisers. They usually last 45 minutes to an hour and focus on topics agents have said they’re interested in or on new issues identified by agents and HMRC that may have widespread impact. HMRC experts will be available to answer questions.

All HMRC’s Talking Points webinars including those focused on MTD are listed on GOV.UK where it will also tell you how to register.  Recordings of past webinars are also available from this link. 

 

Agent Services Account

In order to access the new MTD services and to supply updates on behalf of clients, agents will need a new Agent Services Account (ASA).  This is in effect a new Government Gateway to access the new service.  Each agency will have just one account per firm, and will be able to set up staff with administrator or delegate access to the account.  Many firms may already have created an ASA in order to submit Trust Registration Service returns. 

A basic outline of the ASA and how to set one up can be found here.

 

LITRG news

Making Tax Digital – how will HMRC’s plans affect you?
(8 November 2016)

 

Link to our MTD webinar

Making Tax Digital Making Tax Digital – CIOT and ATT webinar
(23 September 2016)