Buried on page 124 of the Budget, the Treasury confirms it is “deferring the roll-out of Making Tax Digital for Income Tax to several taxpayer groups until further notice”. It doesn’t go into any more detail, probably because they haven’t worked it out yet. Those already forced to join in April 2027 also get a reprieve, with no penalty points for late submission of their first four quarterly updates…
The bad news is self-assessment rules are changing in some nebulous way, with taxpayers “who make payments on account to make more regular in-year payments towards their final tax bill from April 2029.” The Second Lord of the Treasury giveth, and the Second Lord of the Treasury taketh away…
Robert Jenrick told a rally on Monday:
“They say Chancellors are either undertakers or bookies. This one is an ostrich – and when the Chancellor buries his head in the sand, the rest of us, we’re left staring at his you know what.”