Adam Bernstein warns that those who are self-employed need to make sure they are aware of upcoming changes which could aff ect them
For some years the Government, or rather HMRC, has been trying to become more efficient through greater levels of digitisation of its processes. Offices have shut, telephone lines have gone unanswered, and paper forms have been removed – all with the goal of ‘forcing’ taxpayers online. Some may bemoan what has happened in that they have an inherent preference for the known, detest technology, and like paper. But given the direction of travel they have little option but to comply. HMRC removed the submission of paper VAT returns in 2012, a move that was followed in 2022 with the compulsory introduction of Making Tax Digital for VAT (MTD VAT). Now the tax authority is preparing to introduce Making Tax Digital for Income Tax (MTD ITSA), from April 2026.
[…]Are you enjoying this feature? Why not subscribe to continue reading?
Subscribe for 6 issues/weeks from only £6Or login if you are already a subscriber
By subscribing you will benefit from:
• Operator & Supplier Profiles
• Face-to-Face Interviews
• Lastest News
• Test Drives and Reviews
• Legal Updates
• Route Focus
• Industry Insider Opinions
• Passenger Perspective
• Vehicle Launches
• and much more!
