Income tax’s digital overhaul pushed back until 2024
HMRC postpones MTD ITSA and basis period reforms after listening to concerns.
HMRC postpones MTD ITSA and basis period reforms after listening to concerns.
Opposition would increase digital services tax to fund the move.
Monthly borrowing remains above pre-pandemic levels.
Basis period reform also delayed to at least 2024.
New paper stops short of recommending tax year change.