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Concerns remain around the proposed introduction of digital record keeping and reporting requirements for many income taxpayers according to a Chartered Institute of Taxation and Association of Taxation Technicians survey.
The survey sought members’ views on the feasibility of the April 2026 start date for making tax digital for income tax self assessment (MTD ITSA) the potential benefits of the various aspects of digital reporting the impact of MTD requirements on agents and their thoughts on MTD for VAT now it is up and running for that tax.
The following are the key findings:
- 70% of respondents thought April 2026 was an unrealistic start date;
- 95% were not confident about HMRC’s ability to oversee the introduction of MTD ITSA;
- 87% doubted it would achieve the stated goal of closing the tax gap; and
- more than half said that the MTD ITSA proposals had significantly adversely affected their trust...
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