Making Tax Digital (MTD)

Hi,

Will QF be working towards being able to make MTD submissions via its software when it commences for sole traders in Apr 2018 - and also do you know whether we will be able to view/access that persons HMRC individual tax account via QF as well? I appreciate HMRC don’t really have a clear plan (or complete lack of plan more likely) on how they will involve agents in this process so you may not have had enough info in from them to fully know the answer to the second question yet.

Thanks

Hi @BBK

The plans for ‘making tax digital’ is still in early stages. At the moment, we do plan on supporting features such as the quarterly returns, but the complete support for anything related to this is subject to further details and information which is yet to be issued by HMRC.

Of course, as this situation develops and decisions are made, we will be able to offer a much firmer response.

In the meantime I’d recommend just keeping an eye on the forums as this is where we’ll make any announcements in due course.

Thanks.

With their ambitious timescale and plans let’s hope they don’t leave it too much longer before issuing helpful info to the software industry! (and accountants!!!)