HMRC seeking views of charity sector on Making Tax Digital for Corporation Tax – consultation event

Charity Tax Group:

Making Tax Digital (MTD) is a key part of the Government’s plans to build a trusted modern tax administration system, making it easier for individuals and businesses to get their tax right first time, keep on top of their tax affairs, and reduce avoidable errors.

HMRC recently launched a consultation on the design of MTD for CT in order to explore how the principles established for MTD should be extended to Corporation Tax taxpayers. This consultation seeks to capture the views and opinions of those that would be affected by or that have an interest in this change, and explore a number of areas such as the scope of MTD for CT and how software can be used.

We have scheduled a virtual event specifically for charities and would welcome as much representation as possible from the sector. This will take place on 9th February 2021, from 10.30am until 12pm. If you have an interest in attending, please contact us at makingtaxdigital.consultations@hmrc.gov.uk.

Please visit the Charity Tax Group website for more information.