Making Tax Digital (MTD) – preparing to join the pilot
Date: 22 November 2023 0930 -1230
Type: Course, Tax
Organiser: NorSCA
Join Rebecca Benneyworth for this latest Making Tax Digital update
With the first phase of MTD still two years away, many firms have started to concentrate on other areas, but only those businesses joining the pilot in April 2024 will have experience of a ‘whole cycle’ of MTD ITSA including filing for 4 quarters and the final crystallisation in January 2026 before the first tranche of businesses are mandated into the new system.
Course Information
This course will set out the current requirements for joining the pilot in April 2024, and the revised timetable, and review changes to MTD introduced during 2022 and 2023 as a result of the restructuring of the programme. It is an important update for those firms that wish to put a few clients into the pilot to test their preparedness for the biggest change to affect income tax since self assessment was introduced in 1997.
The course will include:
- The current legislation and proposed amendments
- The phasing of mandation – what to expect
- How to determine which clients are affected and when
- The outcome of the Small Business Review – what next for the under £30,000’s?
- Keeping digital records – what is expected? Landlords and joint ownership of property
- The pilot – should we join in 2024 and what types of restrictions are there?
Cost
| RATE | COST |
| Price | £90.00 + VAT |
| Retired Member | £45.00 + VAT |
| Career Break Member | £45.00 + VAT |
Venue
Holiday Inn Washington
Speaker
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.
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