HMRC have confirmed that no further Making Tax Digital (MTD) for business changes will be brought in before 2020 at the earliest.
In order to make room for the additional demands on its resources of work to upgrade customs systems in preparation for Brexit, the Treasury set out its revised priorities for current digital transformation projects.
The HMRC statement notes that the convergence of business taxes from the current range of IT systems onto a single system will now happen at a slower pace. This will slow the creation of the single account for all business customers.
For individuals, the introduction of further digital services will be delayed, with progress on simple assessments and real time tax code changes put on hold for the time being.
For further updates or advice on Making Tax Digital call David on 01733 372681 or email him at david@greenstones.co.uk