UK specific: MTD - Making Tax Digital

[Colin Law]

On 17 April 2017 at 11:50, Alain Williams <addw at phcomp.co.uk> wrote:
> Question: Are there plans for GnuCash to work with the UK Tax edict MTD ?
>
> MTD (Making Tax Digital) is the UK Inland Revenue (HMRC) mandating that every
> business (& some others) use accounts software in the glib assertion that it
> will make life easier for every business.  Part of this is that all will need to
> upload transaction information to HMRC computers every quarter + annual reports.
>
> This will start in April 2018, although most people have not yet heard about it
> and the specifications/requirements have not been finalised.

I heard that this is one of the items that was dropped from the
finance bill in order to get it through before parliament was
dissolved. I have also heard suggestions that it is possible that
there may be changes in the timescale (and other details) when it is
re-introduced later in the year. Possibly anyone affected might want
to get a letter or email ready to send to their new MP after the
election.

Colin