Mandating digital

The course is held under Chatham House Rule to pr… Risk is delighted to announce its very first Blockchain Seminar in this new, one day style format.orgive me for being a little late this year, but I finally got some insights into the annual game of keep-away the White House likes to play with the press around the budget passback.98 per cent of UK accountants feel HMRC has not informed either them of their clients well of the changes required for Making Tax Digital (MTD) and this won’t change without clear communication.

We have had some informal discussion with HMRC on the former and none at all on the latter.

The proposed changes will have a significant impact, on small businesses in particular, but also self-assessment taxpayers, beginning with those whose tax affairs are more straightforward.

As yet, we have no details of what these submissions might look like or contain, but they will be summaries rather than transactional.

We are, however, extremely concerned with the proposal to make quarterly digital reporting compulsory.

Several sources said that’s a mild concern as agencies need to be careful how they set up the digital services group.

BERLIN — DAB radio is not getting as much traction in Germany as it has in other European countries such as Norway, The UK, Switzerland, or the Netherlands, and now the German government is taking more of a proactive approach to the matter, according to ICAEW supports HMRC’s digital transformation and considers that for the tax system to be fit for the 21st century, a “digital first” approach has to be the right way.In practice, we are reassured that the Making Tax Digital policy will not amount to quarterly tax returns as we know them now, but will involve submitting income/expenditure information in summary “at least” quarterly.We are yet to be convinced that this will reduce the administrative burdens on business, particularly the smallest businesses.We also believe digital transformation needs to be done in parallel with the overall simplification of tax policy.Lawmakers say because of the new rule consumers will receive a "quantitatively and qualitatively improved radio program" through devices with the additional digital reception features.