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Making Tax Digital

PaulineSmith

TaxCalc takes on new product director

TaxCalc has hired a new product director to spearhead a major expansion initiative. Pauline Smith will lead the group’s Making Tax Digital strategy, augmenting its product suite and developing solutions to bolster its practice management offering. A veteran of 17 years in product development at IRIS, Pauline her last two years at there leading the […]

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MTD: Is it all a bit too little a bit too late?

A no-holds-barred MTD brainstorm by industry thought-leaders rounded off an excellent IRIS World conference in London. Steve Cox, the leading UK software group’s chief evangelist, led the discussion. On the panel were: HMRC VAT policy lead Kamran Quadri; Anita Monteith, ICAEW tax manager; Lee Hawksworth HMRC’s head of software developer collaboration; Companies House digital lead […]

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How to ensure your VAT clients provide happy returns

It’s a situation that’s far from ideal for most accountants – preparing a VAT return from a bag of receipts, or trying to reconcile a client’s bank account only to find dozens of transactions that have no matching paperwork. Chasing a client eats up precious time that could be spent on other work. And it […]

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AI will not replace ‘humans doing thinking things’

My heart sank recently when I read the Bank of England’s chief economist, Andy Haldane, scaring Times readers with his artificial intelligence predictions. Of course, AI will affect most industries, but it seems rather short-sighted to think machines will entirely replace humans doing thinking things. Technology has been a serious part of our world now for […]

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Making Tax Digital VAT: is it time to educate clients?

The summer has arrived (it’s started raining!). Government members have retreated to Tuscan villas. School children are enjoying the longest holiday of the year. Parents battle to juggle work and keep their little ones entertained. Amid the extraordinary political, social and economic events of the past few months, accountancy professionals are debating the next step […]

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Business calls for MTD roll-out delays

An “alarmingly high” number of UK businesses don’t know a thing about Making Tax Digital, says the British Chambers of Commerce. Or they know very little… So it’s no real surprise that they would like to see HMRC further delay the programme’s roll-out. BCC research, carried out with US tax software group Avalara, shows: 24 per […]

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Where next for MTD and the spreadsheet?

In most conversations about Making Tax Digital for Business, the word ‘spreadsheets’ is bound to crop up at some point or other. As in how will/can/do they fit into HMRC’s plans for the not too distant future? So it was interesting when I clicked on the PWC link in the UK tax authority’s latest 18-strong list […]

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Brexit means Brexit… or does it?

It’s gone on long enough. Daily Insight has made today the day to talk about Brexit. It’s going to affect you, me… all accountants and finance professionals. For many there will be benefits. There always is an upside for some folk even in the worst economic and political circumstances. And there’s bound to be a […]

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Business urges government to simplify UK tax

Let’s simplify UK tax. That’s the simple message from business to the government. And who could disagree? A survey of 1,100 companies demonstrates a feeling that HMRC red tape is clogging up the wheels of industry. And three in four firms reckon the cost of complying with the tax system is soaring, according to British […]

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National Audit Office focuses on HMRC

“HMRC is primarily in the business of bringing in tax revenue, and numbers are up for 2017-18 which is good news. Of course it needs to be vigilant on fraud and error, which is rising in Tax Credits, and on customer service. I welcome HMRC’s recognition of the need for prioritisation, to balance Brexit pressures and […]

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