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Making tax digital dropped from Finance Bill - Farming chiefs welcome news

Government have dropped some ‘contentious measures’ as it looks to ensure the Bill is passed before May 2.


Alex   Black

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Alex   Black
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Making tax digital dropped from Finance Bill

NFU has welcomed the news the Government has dropped Making Tax Digital proposals from the Finance Bill as it looks to get the Bill approved in the House of Commons.

 

It follows increased scrutiny on the Making Tax Digital aspects from the Treasury Select Committee.

 

NFU has called for farmers to be made exempt from Making Tax Digital, or to be delayed until April 2020, the same as limited companies and large partnerships.

 

The union said the delay may be temporary but it would ‘ensure sufficient time is given for proper scrutiny and debate of the proposals’.

 

CLA President Ross Murray echoed the claims and said he was pleased the Government was no longer ‘rushing’ the proposals.

 

He added: “While the delay in implementing the proposals is welcome, particularly to the self-employed, it is likely to be temporary.

 

“We now need urgent clarity on the timescales for implementing these sweeping changes and confirmation that the implementation dates due to start next year will in fact be delayed.

 

“It is vitally important that rural businesses are not left in limbo and unable to plan ahead. We will be seeking clarity from the new government as soon as it is elected.”


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