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

Autumn Statement – Instantly Forgettable?

Published On: 27/11/2015

For many there is no doubt that very welcome relief would be derived from the announcement that the severe cuts to tax credits considered vital only a few weeks ago will no longer be required.  Once again though it does bring into focus the reliability of the OBR (Office of Budget Responsibility) who have in the space of only a few months found that their calculations were wrong to the tune of £27 billion and if so, how much reliance should be placed on them still being correct by the time of the Budget next March?

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