UK tax agents face a dual challenge going into the new year: preparing for heightened government oversight of their own advisory practices while adapting to big changes in tax administration.
A planned set of regulatory changes for tax agents is slated to go live in May, just as the UK’s income tax filing system sees one of its biggest alterations in decades: the April launch of the Making Tax Digital regime.
For practitioners, that means helping clients prepare for MTD, which requires quarterly filings of income and expenses, using commercial software, at the same time as they sort their own ...
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