Chartered Tax Advisers & Accountants

Making Tax Digital

The idea of Making Tax Digital was first mooted in the 2015 Autumn Statement with the announcement that the Government wanted to replace the annual tax return with some form of quarterly accounting for the self-employed, landlords and partnerships.  Limited company obligations will also follow.  As more and more people become aware of this "quarterly reporting", concern is growing as to how this will impact on the self-employed.  

The Government's consultation on Making Tax Digital closed on 7 November 2016 and M&S submitted their responses to these consultations on 4 November 2016.  We expect final decisions regarding the consultation will be announced in the forthcoming 2016 Autumn Statement on 23 November.  As M&S are deeply concerned about these changes and their potential impact, we will be watching the Autumn Statement more closely than usual, and will provide our usual summary shortly afterwards.

We hope the information in this page will prove useful to you but if you have concerns as to what these changes might mean for you or your business please contact Stewart McKinnon, Tax Director or Wendy Cheung, Tax Manager or by emailing

Boldly Into The Digital Age

Published On: 22/01/2016

The end of the annual tax return is nigh or at least so we are led to believe with more details emerging in the Autumn statement on what this will mean for taxpayers.  Once HMRC expanded on their plans that potentially annual returns would be replaced by some form of interaction with HMRC on a quarterly basis it is fair to say all hell broke loose.  Such was the controversy about the plan that it led to an irate businessman called Paul Johnson to start an online petition objecting to the proposals and due to the success of the petition this matter will now be debated in parliament on 25 January.

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Fourplay – just how many tax returns do the government want from SMEs?

Published On: 21/01/2016

If, like me, you were one of the 100,000+ small business owners/self-employed who signed the online petition asking the government to reconsider the proposal that would make us file tax returns four times every year rather than just once as at present, you will almost certainly be concerned about the potential costs involved, in terms of time and, of course, hard-earned money.

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