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• # 114582
• Fri 03 Feb 2017 02:35 PM

Hi, I'm qualified, but awaiting my practice license, however an acquaintance has mentioned the changes coming into force regarding Self Assessment Tax Returns, "particularly quarterly returns, digital accounting and automatic feeds from banks etc. into your HMRC account". I don't really know anything about this and have tried to have a look online to find some info, but all the HMRC info seems pretty vague.

I want to make sure I sound like I know what I'm talking about when people mention these kind of things to me....so wondered if anyone could point me in the direction of a 'dummies guide' or similar.

Thanks! x 

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• # 114583
• Fri 03 Feb 2017 04:33 PM

Hi,

The only 'dummies' are HMRC for thinking up this stupid Making Tax Digital (MTD).

Even we don't know yet and it is supposed to all kick-off in April 2018!

See this:

http://www.accountingweb.co.uk/tax/hmrc-policy/mtd-director-we-have-listened-to-stakeholders

• A clever person solves a problem.

  A wise person avoids it.

  Albert Enstein

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• # 114589
• Sat 04 Feb 2017 03:33 PM

Hi there,

The new scheme was discussed on Moneybox  Live (BBC) this week as well... you can listen here:

http://www.bbc.co.uk/radio/player/b08c0rfv

Zoe

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