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Northern Society of Chartered Accountants

At the heart of northern business since 1882

Making tax digital update

Date: 6 October 2020 09:30 to 12:30

Type: Legal and Regulatory, Tax

Organiser: NorSCA

Rebecca Benneyworth has been an advocate of MTD since the consultation period in 2016 and remains keen to ensure that as many smaller firms and businesses as possible take advantage of these changes.

This session is an essential update for anyone working practice in accounts or tax as Rebecca will give delegates a clear idea of what processes they will need to adopt to serve clients in a completely new reporting environment. It would also be suitable for those working in business, although there is little detail as yet on plans for corporation tax.

This session will look at the July 2020 announcements from HMRC in regard to the process not only of the MTD project, but to what might develop with personal and business tax accounts over the next few years. It will cover the current requirements for VAT as a refresher, picking the tricky areas, and then move to the meat of developments to come through to 2023 when we shall see full mandation for income tax.

Content will include:

  • MTD for VAT requirements – a brief refresher; tricky practical areas
  • April 2021 developments – full digital links in place – how to achieve this
  • April 2022 developments – everyone in for VAT! Dealing with very small businesses. To deregister or not?
  • Income tax self assessment – the timeline. 2023 mandation – who will it affect? What will be needed? How will the mechanics work? What about very small businesses? Landlords and holiday lets.
  • Corporation tax plans and proposals
  • Where to with digital tax accounts?

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Venue

Virtual with digital delivery

Given the ongoing response to the COVID-19 pandemic, ICAEW and Northern Society cannot currently host face-to-face events, conferences or meetings. Where possible we are adopting a digital approach to delivering scheduled events via online platforms and will contact registered attendees directly with full details. This includes Northern Society courses which may be delivered by webinars or a similar digital approach.

Address:
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Speaker

Rebecca Benneyworth BSc FCA MBE

Rebecca Benneyworth BSc FCA MBE

Rebecca is an ICAEW Chartered Accountant. She is a lecturer, writer and consultant on a variety of taxes, lecturing extensively throughout the UK, to accountants, business people and also to HMRC and the Treasury.

She has her own accountancy practice based in Gloucestershire, with a variety of small business and personal tax clients. During the last two years this has become a 100% digital practice.

She is Chair of the HMRC Digital Advisory Group, providing help and support to HMRC in understanding the challenges that Making Tax Digital presents to small businesses and their advisers. She is also a member of the Admin Burdens Advisory Board, an independent group monitoring the burdens the tax system impose on businesses.

Rebecca is a past Chair of the Tax Faculty of the ICAEW, and serves on the Tax Faculty Board. She is ICAEW council member for South West England, and was awarded an MBE for services to the tax profession in 2012.

How to book

The easiest way to book is online by clicking the button to Book Online at icaew.com – you will be able to log into your account at icaew.com and pay with your debit or credit card.

You can also telephone the ICAEW central events booking team on 01908 248159 and pay over the phone.

Alternatively you can download a booking form or book by email.