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New basis period


MTD has been kicked into the long grass more than most proposed changes from HMRC. Indeed it was due to happen early 2024 but was postponed again.


This podcast looks at the current situation and what should happen in 2026 so you can plan now.


Our guest is Emma Rawson. Emma is a Technical Officer with ATT. In that role Emma has been involved in discussions, meetings and representations to HMRC on the MTD changes, making Emma a perfect guest for the subject.


List of contents and timings


1:29      Introducing Emma Rawson ATT Technical Officer

2:43      Current situation on MTD

3:15      Small business review

3:58      The proposed limits from April 2026

4:34      What HMRC want taxpayers to report every quarter

4:51      What the quarterly updates involve 3 step process

5:46      What do HMRC actually want filed?

6:25      Why do HMRC want quarterly accounts?

7:33      Are quarterly payments on the 'hidden agenda'?

8:33      Is it a declaration or 'just' a submission?

9:32      Which quarters can we use?

10:08    Partnerships

10:44    Current situation on incorporated entities and MTD

12:23    End of period statement (EOPS) and final declaration

14:04    Software development

14:48    Bank feeds and pre-population

16:27    CIOT and ATT survey on MTD

17:53    Agent's services helpline

20:14    Role of the agent under MTD

22:09    Planning for MTD

24:17    Digitally excluded - likely approach under MTD

26:17    Is it going to happen?



SKU: MTD2023
  • The podcast is supplied as an MP3 file

    The verification quiz is in Excel format

    This episode was recorded in October 2023

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