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 would also follow.

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.  Final decisions regarding the consultation were announced in February this year amidst growing concern as to how this would impact the self-employed.

Since the initial announcement the start date for Making Tax Digital has been delayed and now looks set to be phased in from April 2019.

As this is something M&S are deeply concerned about and interested in, we keep a watching brief on developments and government announcements and will provide updates as and when further announcements are made.

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 by emailing

Making Tax Digital - Are We Any Further Forward?

Published On: 21/09/2016

On August, 15, HMRC announced the results of the consultation process on their proposals to radically alter the tax system.  The result was; another consultation!   More specifically, they published a further 250 pages of thoughts on Making Tax Digital (on top of the videos, etc. already produced) with the new consultation running to 7 November 2016.

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Making Tax Digital - Compulsory Change or Pay The Penalty

Published On: 21/09/2016

‘Making Tax Digital’ is a new approach proposed by HMRC to the reporting of business accounts so that the correct tax can be collected.  In essence, rather than the annual requirement to submit a tax return, HMRC now wants a return to be done once a quarter, although the tax due will only be paid annually as at present.  Businesses, of all types will have to use compatible software to keep their records, and they will, in most cases, need to pay for this software.  As awareness of these changes grows, it is starting to cause many business owners some concern.

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