The Joint Taxation Committee has confirmed that digital reporting of tax will be implemented in 2018. Last week, on 31 January, HMRC announced that most businesses, self-employed people and landlords will start to keep track of their tax affairs digitally and update HMRC quarterly from 2018. The HMRC’s plans to build a more accessible and transparent system will make the annual return a thing of the past. JTC will keep us informed of developments during 2017 in preparation for the switchover.
JTC is taking part in confidential discussions with HMRC and the Treasury about possible anti-avoidance legislation. The committee urgently need to speak to anyone who believes that a company has been using ‘off the books’ gangmasters who pay cash and whose labour bears no PAYE or CIS. Please contact FIS with any information which will be treated in the strictest confidence.