McPhersons Blog Chartered accountants and tax advisors
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At last, accountants who get it. Changing accountant How it works. We start where others finish. Helping your business go digital. Helping you on your business journey. Always there to advise when needed. Brexit fishing protest this weekend in Hastings. Read our April Tax E-News here. Tax rule changes in April 2018.
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Skip to primary content. Skip to secondary content. April 19, 2017. What is Making Tax Digital? In 2015, HMRC issued a paper, Making Tax Digital, which proposes that by 2020 they will have moved to a fully digital tax system. This is not just about software, it signals the end of the traditional tax return. Will it apply to everyone? The gross turnover or property income threshold of 10,000 is currently being discussed and it is likely that only the smallest unincorporated businesses may be exempt4.CONTENT
This web site states the following, "What is Making Tax Digital? In 2015, HMRC issued a paper, Making Tax Digital, which proposes that by 2020 they will have moved to a fully digital tax system." We noticed that the web site also said " This is not just about software, it signals the end of the traditional tax return." It also said " Will it apply to everyone? The gross turnover or property income threshold of 10,000 is currently being discussed and it is likely that only the smallest unincorporated businesses may be exempt4."SEEK SIMILAR BUSINESSES
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