Following the confirmation by HMRC at yesterday’s (11 June 2018) Agent Strategy Group Forum that the timetable for Making Tax Digital for business (MTDfb) remains as planned with VAT coming online from April 2019, AIA pressed for the availability of bridging software to be announced as a matter of urgency.
Software suppliers are still working to make sure bridging software will be accessable, but as of yet HMRC has not announced the availability of this software for agents in order to allow suitable planning.
AIA will continue to work closely with the Agent Strategy Group, so our members can expect to receive the most up to date advice and software in order to make the MTDfb transition as smooth as possible.
In addition to MTDfb, HMRC provided an update on how they are currently planning for Brexit. The results of this update will be communicated to members in the near future.
In addition to updates within our e-publications (such as the eNews) on MTDfb, AIA are pleased to announce that we will be also be running a CPD Seminar in November to cover this topic in greater detail (full details to follow shortly).