Making Tax Digital timetable remains tight despite delay, tax professionals say

Tax professionals welcomed a delay in the implementation of the controversial Making Tax Digital project, while some commentators warned that the necessary software remains under development and that many of the detailed rules will be set out in secondary legislation.

Quarterly reporting for businesses with turnover below the VAT registration threshold will be delayed by a year, chancellor Philip Hammond said as he delivered the spring budget on March 8 …

“We do not consider it appropriate to delegate new legislation, which will fundamentally change the administration of the tax system, to secondary legislation,” the ICAEW Tax Faculty said. Read more:

My news story for Tax Analysts March 9, (paywall)