HM Revenue & Customs (HMRC) has put its Making Tax Digital project on ice as it concentrates all its resources on getting ready for UK. Traditional tax returns were intended to be replaced by digital versions, which would have enabled five million Brexit taxpayers to fill out pre-populated forms by 2020. The delay is due to the need for the HMRC to free up working capacity for a new customs declaration service, which must be able to cope with a marked increase in declarations after the Brexit leaves the EU.
HM Revenue & Customs (HMRC) has put its Making Tax Digital project on ice as it concentrates all its resources on getting ready for Brexit. Traditional tax returns were intended to be replaced by digital versions, which would have enabled five million UK taxpayers to fill out pre-populated forms by 2020. The delay is due to the need for the HMRC to free up working capacity for a new customs declaration service, which must be able to cope with a marked increase in declarations after the UK leaves the EU.