Making Tax Digital
There has been a lot of worry about Making Tax Digital or MTD.
The fact is that only HM Revenue & Customs have any faith that this is of any benefit to anyone - including themselves.
They have been advised to slow down and get their facts right by
- The Tax Faculty of the Institute of Chartered Accountants
- The Treasury Select Committee of the House of Commons and by
- The House of Lords.
The point is the battle is not over. Hopefully the lunatics will not be allowed to run the asylum.