Reward Strategy news and training

Tax experts: Action needed to get businesses MTD ready

More needs to be done to help businesses prepare for the introduction of Making Tax Digital (MTD), according to the Association of Taxation Technicians (ATT).

Twitter LinkedIn

The call comes after a report which indicated that many small businesses and landlords remain unprepared for the start of MTD. The report was commissioned by HMRC from Ipsos MORI to help the tax authority understand the factors that influence the willingness of small businesses and landlords to transition into MTD.


From April 2019, businesses above the VAT threshold will be mandated to keep their records digitally and provide quarterly updates to HMRC for VAT purposes.


The findings of the report have led the ATT to recommend that HMRC step up their publicity efforts and produce clear, practical guidance to ensure that all relevant businesses are ready for this change. While MTD will not be compulsory for income tax until April 2020 at the earliest, the ATT also recommends that the turnover threshold for that tax be confirmed soon, to remove uncertainty and encourage affected businesses to start their preparations.


Yvette Nunn, co-chair of ATT’s technical steering group, said: “This report highlights that, although the MTD proposals have been around for some time, there remains a large amount of work to do to get small and medium sized businesses up to speed.


“Lack of awareness of the MTD requirements remains a serious problem. At the time of the survey 60 per cent had not heard about either the digital record keeping or quarterly reporting requirements of MTD.”


Nunn added: “It would be helpful for the turnover threshold for MTD for income tax to be confirmed as soon as possible. Removing that element of uncertainty could encourage those businesses which will have to comply with MTD requirements in future to start making preparations for their introduction. Without this, many small businesses and landlords will remain reluctant to commit time and resources to prepare for requirements which they believe may never apply to them.”

Twitter LinkedIn
Add New Comment

You might also like

The Rewards: Open for entries

Reward Strategy is pleased to announce the return of The Rewards­, the most distinguished awards on the industry’s calendar, taking place on November 8 at Hilton London Bankside

GDPR: Are you ready?

April edition’s highlights: → Workers’ rights: Have agency workers lost their flexibility and therefore appeal to businesses? - page 6 → Cover feature: Final steps to ensure you are prepared for the new data protection regime - page 14 → Back in the headlines: 50 years since the Ford sewing machinists’ strike of 1968, and equal pay is back in the limelight - page 22

Will the first gender pay gap reports really make a difference? 

By midnight tonight all companies, that employ 250 or more employees, are required to publish information for the payroll period including the snapshot date of April 6 2017

Entries for The Reward 300 close this Friday

Good Friday marks the last day to submit entries for The Reward 300, an index of the most influential leaders in the reward sectors

Payroll & Reward Conference


Reward Strategy
Reward Strategy RSS

Did you find our website useful?

Thank you for your input

Thank you for your feedback - an online news and information service for the UK’s payroll, reward, pensions, benefits and HR sectors. is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Reward Strategy is committed to diversity in the workplace.
© Copyright Shard Financial Media Ltd