Last week, Her Royal Majesty's Revenue and Customs (HMRC) announced the opening of a consultation period regarding the current legislation for the "Making Tax Digital" initiative, which is slated to take effect from April 2019.
In its announcement, HMRC provided links to summaries regarding the current content of related legislation, and alerted consumers that they have until November 10, 2017 to submit comments to the Customs Office. The notice provides significant guidance on the current stance of the "Making Tax Digital" legislation and the potential impacts to both direct and indirect tax regimes in the United Kingdom.
About the Author
Katie Smethurst is a Junior Regulatory Counsel at Sovos. Within Sovos’ Regulatory Counsel function, Katie focuses primarily on international and U.S. based indirect tax research and analysis. Katie is a member of the Massachusetts and New Hampshire Bars, earned her B.A. from Roger Williams University and earned her J.D. from Suffolk University Law School.More Content by Kaitlyn Smethurst