Making Tax Digital response due January 2017
08 December 2016
Within the Finance Bill 2017: draft legislation overview documents the government confirmed that it will publish its response to the 6 Making Tax Digital consultations, together with draft Finance Bill 2017 legislation in January 2017.
The government published a package of 6 consultations on MTD in the summer, which closed on 7 November 2016. In addition to inviting written responses to each consultation document, HMRC undertook significant stakeholder engagement activity to gather views from businesses, agents and software providers on the proposals. This included 15 face-to-face roundtable events across the UK and 14 webinars (with over 3,000 participants).
The government is pleased with the large number of responses HMRC has received to the consultations. There were over 1,200 responses to the online survey in the short guide to the 6 consultations.
HMRC received via email and letter over 600 responses to the consultations ‘Bringing Business Tax Into The Digital Age’ and ‘Voluntary Pay-As-You-Go’, over 120 responses to the ‘Tax Administration’ consultation, over 200 responses to the consultations on simplification measures and nearly 80 responses to the consultation on making better use of information.
To ensure that the views of respondents to the consultations are fully considered, the government will publish its response to all 6 consultations, together with draft Finance Bill 2017 legislation in January 2017.