COAA feat Lenny Barry | Making Tax Digital

In this episode of the Confessions of an Accountant Podcast, we’re joined by HMRC’s Lenny Barry to discuss Making Tax Digital (MTD) for Income Tax. Lenny provides guidance on what MTD aims to achieve and answers questions about how the changes could affect taxpayers, accountants and agents. We explore: The aims of Making Tax Digital and how it could help taxpayers estimate their tax liabilities more accurately throughout the year How MTD could help reduce errors and contribute to closing the tax gap Concerns around the potential compliance burden for taxpayers and agents The costs involved and what MTD could mean for businesses and their advisers The role and value of professional advice as taxpayers adapt to the new requirements Whether you’re an accountant, tax adviser, business owner or simply want to understand what MTD for Income Tax means for you, this episode offers a practical discussion and the opportunity to hear directly from HMRC. 🎧 Listen, watch and join the conversation on the Confessions of an Accountant Podcast.