Making Tax Digital - letter to FST

CIOT and ATT Chief Executives have written to the new Financial Secretary to the Treasury, Nigel Huddleston, setting out our concerns with the current approach to Making Tax Digital (MTD), ahead of next week’s Autumn Statement. The letter sets out that while we fully support digitalisation of the UK tax system and recognise the potential for easier reporting and filing to aid with reducing error and mistake, the current approach needs a rethink. The letter urges the minister to take the opportunity to carry out a full review of the MTD for Income Tax Self-Assessment programme, including costs and burdens on business and how well the current approach will deliver on its objectives.