[If you don't mind me saying this: I haven't seen mailman lists for quite some years and I was a little surprised to see they still exist. I could not find any way how to add another comment to a given thread, despite having started the thread myself. This contribution may well appear as a new thread]
I'm glad to see that I sucessfully triggered a discussion about MTD. Whilst it may take longer than anticipated to see MTD in full swing, one thing is clear, it will come. It's a Government project, UK GOV is not exactly famous for meeting deadlines (or budgets). HMRC's plans were already delayed twice very substantially, the Finance Bill this year was amended so heavily in the last minute, hardly any of the MTD aims were left. All this down to the dreadful Brexit referendum, followed closely by a General Election. May I add to some of the points mentioned: The VAT treshold (£85K turnover pa) is not a realiable indicator for who might be affected or not. You can for instance voluntarily register for VAT (my company did, and the reason has little to do with money, but with getting access to clients who would not deal with a non-registered biz) This is also not just about submitting VAT returns electronically. There will eventially be a need to keep electronic records on transaction basis, for the smaller businesses maybe not initially, but it will become a requirement eventually. Exceptions named by HMRC were notably religious communities whose beliefs don't allow to use electronic communication. No joke. They have thought of everything, right? Any yes, nobody has any specs yet. No reason to put the head into the sand. Sage, Quickbooks or XERO, nobody knows. At any rate, the earlier the gnucash dev community starts preparing for MTD, the better. The need for a secret code to identify approved software was mentioned. Secret or not, why is it against OpenSource ideals when HMRC wants to assure that only software with the right capabilities can be used? Some more links: [1]http://webarchive.nationalarchives.gov.uk/20161207201022/https://www .gov.uk/government/publications/making-tax-digital [2]https://www.gov.uk/government/news/next-steps-on-the-finance-bill-an d-making-tax-digital (only published on 13 July 2017) References 1. http://webarchive.nationalarchives.gov.uk/20161207201022/https://www.gov.uk/government/publications/making-tax-digital 2. https://www.gov.uk/government/news/next-steps-on-the-finance-bill-and-making-tax-digital _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
