ATT launches appeal to shelve Making Tax Digital’s quarterly reporting

The Association of Taxation Technicians (ATT) has launched an appeal calling upon HM Revenue & Customs (HMRC) to shelve plans to introduce quarterly digital reporting.

The plans, which form part of HMRC’s Making Tax Digital (MTD) initiative, have attracted varied criticism much media attention in recent months.

Now, the ATT has launched an appeal for HMRC to postpone the introduction of quarterly digital reporting by ‘at least one year’, following criticisms that HMRC’s proposed MTD timetable is overly-ambitious.

The news follows announcements made last week that up to five consultation documents on MTD would be postponed until after the June EU referendum.

“Rushing ahead with this project without allowing adequate time for the consultation and testing phases could put at risk the many potential benefits for taxpayers and HMRC which greater digital working can bring. That would be a tremendous mistake and in a worst case scenario could result in a system that was not fit for purpose,” said Yvette Nunn, Co-Chair of ATT’s Technical Steering Group.

“The Making Tax Digital Project represents the biggest change to the way taxpayers will engage with HMRC since the introduction of PAYE in 1945 and, according to a recently conducted survey, will require around 82 per cent of self-employed individuals to change the way they currently keep business records,” she added.

Posted in Tax.