There’s been a substantial development in the run-up to HMRC’s Making Tax Digital rules which are due to come in to force in less than a month.

Chancellor Phillip Hammond is said to be under pressure to delay the roll-out of the scheme amid fears of tax errors.

With 1.2 million businesses effected the fears come as 97 per cent of businesses have still not signed up and tens of thousands still unaware it is coming.

In a report that appeared in yesterday’s Telegraph newspaper, the calls to delay Making Tax Digital are growing stronger for fears that its rushed implementation would defeat its entire purpose by resulting in more erroneous returns being filed.

So, with this in mind, should you abandon your plans to bring your business in line with Making Tax Digital?

We at Shan Sohal Accountants think NO!

If you’ve already taken steps to comply, or have already done it, stick with it. It’s an important move and if you are already compliant or close to being so you’ve got nothing to lose even if the plans are delayed.

If you haven’t even started yet, you should most definitely still push ahead and ensure that you are ready for the April 1st deadline and not take any chances!

Shan Sohal Accountants have been helping and advising small and large businesses and indivduals in the Surbiton and Surrey areas for many years and can also help ensuring you are ready for Making Tax Digital.

Contact us today to find out more…

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