Press releases

Deloitte comments on new timetable for Making Tax Digital

13 July 2017

Bill Dodwell, head of tax policy at Deloitte, said:
“We welcome the government’s decision to defer these major changes for the self-employed and landlords. This will give time for HMRC and accounting software providers to launch and test fully new systems – including those allowing agents to transact on behalf of their clients.

“Ultimately digital filing will be the default method, potentially bringing benefits to taxpayers and to HMRC. However changing the way in which 3.5 million taxpayers keep records and provide data to HMRC is such a major change that gradual change will be more effective.

Currently almost all VAT-registered businesses file their VAT returns online, either through software or via the HMRC portal. The government has decided that 1.1 million businesses with sales over the VAT threshold (£85,000) will need to file through software from April 2019. It is not known how many businesses in this category will need to acquire new or updated software.”

End

Notes to editors

About Deloitte
In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”) a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see deloitte.com/about for a detailed description of the legal structure of DTTL and its member firms.

Deloitte LLP is a subsidiary of Deloitte NWE LLP, which is a member firm of DTTL, and is among the UK's leading professional services firms.

The information contained in this press release is correct at the time of going to press.

For more information, please visit www.deloitte.co.uk.

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