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MTD – How HMRC Is Losing Credibility & Reputation
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It's the "UK Matters in Accounting" show, usually going out every Friday to 150 countries and 30,000 accounting practitioners, fintech specialists and influencers in the accountancy, CPA and bookkeeping space. However, in Jan 2023 we are phasing out this show and putting out this content on our sister Success in Accounting Show which hopefully you're already subscribed to.
In today's episode 29, "MTD - How HMRC Is Losing Credibility & Reputation"
Check out the video version of this episode here on Youtube: [LINK]
Rob Brown and Will Farnell discuss the latest HMRC backtrack with Making Tax Digital MTD and how it is losing credibility and reputation with accountants
» how MTD u-turns by the government and HMRC are adversely affecting accountants and their clients
» why MTD should be seen as creating an opportunity more than solving a problem for accountants and clients
» the 'once in a generation' opportunity that MTD represents for accountants to significantly increase their value to clients
» how the 'tax gap' opened up to reduce loss of tax revenues and how MTD was created to close it
» the strange order or personal tax, corporation tax and VAT that was not fully thought through with MTD
» what the future holds for MTD and the accounting profession serving their clients in a more digitised way
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