{"id":1581,"date":"2016-11-07T11:01:44","date_gmt":"2016-11-07T11:01:44","guid":{"rendered":"http:\/\/www.bainesjewitt.co.uk\/blog\/?p=1581"},"modified":"2016-11-07T11:01:44","modified_gmt":"2016-11-07T11:01:44","slug":"mtd-timetable-unrealistic-and-unattainable-study-reveals","status":"publish","type":"post","link":"https:\/\/www.bainesjewitt.co.uk\/blog\/mtd-timetable-unrealistic-and-unattainable-study-reveals\/","title":{"rendered":"MTD timetable \u201cunrealistic and unattainable,\u201d study reveals"},"content":{"rendered":"<p>The Government\u2019s timetable for Making Tax Digital (MTD) is \u201cunrealistic and unattainable,\u201d according to a new study.<!--more--><\/p>\n<p>The comments come from a survey of Small and Medium-sized Enterprises (SMEs) and financial sector professionals, carried out by a UK recruitment website.<\/p>\n<p>In the survey, 69 per cent of respondents said that they supported the MTD project \u2013 but 76 per cent stressed that they thought HM Revenue &amp; Customs (HMRC) was too ambitious with its timescales.<\/p>\n<p>Time and again, the Revenue has insisted that all UK tax will be \u2018100 per cent digital by 2020\u2019 \u2013 yet the majority of SMEs have suggested that a revised deadline of 2025\/26 would be more \u201crealistic\u201d.<\/p>\n<p>SMEs and professionals working alongside owner-managed businesses have suggested that Britain\u2019s businesses need more time to set up and implement MTD software, train staff and eliminate any potential transition issues to ensure a smooth process.<\/p>\n<p>These concerns were echoed by the Federation of Small Businesses (FSB) in recent weeks.<\/p>\n<p>Mike Cherry, policy director at the FSB, said that a revised deadline of 2025 would \u201cenable businesses to latch on to [anything] that does not work after being properly tested\u201d.<\/p>\n<p>He added that for many small businesses, the game-changing MTD project was \u201ccreating a perfect storm\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Government\u2019s timetable for Making Tax Digital (MTD) is \u201cunrealistic and unattainable,\u201d according to a new study.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1581"}],"collection":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=1581"}],"version-history":[{"count":1,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1581\/revisions"}],"predecessor-version":[{"id":1582,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1581\/revisions\/1582"}],"wp:attachment":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=1581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=1581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=1581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}