In September 2021, The Income Tax (Digital Requirements) Regulations 2021 (SI No. 1076) were published. This legislation sets out the requirements that must be complied with under Making Tax Digital (“MTD”) for income tax which comes into operation from April 2024. HMRC has now published draft tertiary legislation in the form of four notices for consultation and is seeking comments by Thursday 28 July.
Chartered Accountants Ireland will be responding to this consultation and would welcome your comments on the four notices to leontia.doran@charteredaccountants.ie by Friday 22 July. If members wish to respond individually, please send your response to makingtaxdigital.consultations@hmrc.gov.uk.