Tag Archives | Making Tax Digital

Fetch - HMRC error

HMRC’s “FETCH”

  For the last few weeks we have been using HMRC’s “Fetch” system.  This operates through the commercial tax software we use, and obtains salary and tax details which is already held by HMRC.  The tax software contacts HMRC via an authorisation process, and gets the figures which we would previously have obtained from our […]

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Making Tax Digital

Making Tax Digital

Making Tax Digital is a step towards government tax collection in real time. That may sound fanciful, but we’ve heard ministers and commentators talk about taxing internet transactions as they happen – maybe just wishful thinking. In 2010 the Treasury put forward the idea that employers might pay gross salaries to a government agency, which […]

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MTD

HMRC’s “Making Tax Digital”

MTD is an acronym for Making Tax Digital, HMRC’s proposed way forward. It makes perfect sense – if HMRC could get taxpayers to report their income sooner, let’s say monthly, it leads to the possibility of collecting tax monthly.  This would be a huge improvement over the current system of collecting tax some 9-10 months […]

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