Hi Neil, This seems to be a follow-up doc:
https://www.gov.uk/government/publications/making-tax-digital-for-business-stakeholder-communications-pack/making-tax-digital-for-business-stakeholder-communications-pack my reading (only quickly) is that if you fill in the property or partnership/ self employed pages on the SA100 (for more than 10k turnover) then you will have to submit quarterly Income Tax summaries *and* a full annual return, all digitally. If it is anything like the VAT approach then GC should prbably manage the summaries with a couple of well crafted reports....the annual return might be more steps, though. It is not a paper process I'm familiar with; I don't use those pages in the SA100. Presumably, the entire SA100 will go that way eventually - ie digital submission. I've checked my GC, the report "Income and GST Statement" has an option to produce UK VAT return info. HTH, Maf. On Wednesday, 21 July 2021 17:09:38 BST Neil Campbell wrote: > Hi Maf > > Thanks for your response. > > Have a look at HMRC website for more info: > https://www.gov.uk/government/consultations/making-tax-digital-for-business-> > an-overview-for-small-businesses-the-self-employed-and-smaller-landlords > <https://www.gov.uk/government/consultations/making-tax-digital-for-busines > s-an-overview-for-small-businesses-the-self-employed-and-smaller-landlords> > > I am not sure where this was followed up but a few days ago I received an > email from QuickBooks headlined: Tuesday 27 July, 2:00 PM - 3:00 PM > Webinar: MTD for ITSA - prepare now for a stress-free 2023 > Hi Neil, > > Making Tax Digital for Income Tax Self-Assessment (known as MTD for ITSA) > will require all businesses and landlords with gross income in excess of > £10,000 to keep digital records from April 2023. Although 2023 may seem > far-off, it’s important to start preparing your practice and clients now. > GNUCash already provides digital accounting so there is no problem there. > Perhaps there will be a requirement to submit the quarterly returns > mentioned in the URL above with direct integration of digital accounts to > HMRC returns. > > Regarding Digital VAT, I thought that this GST in GNUCash applied only to > Australian GST. However, HMRC have a webpage saying: HM Revenue & Customs > English Newid yr iaith ir GymraegCymraeg > <https://www.tax.service.gov.uk/making-tax-digital-software/hmrc-frontend/l > anguage/cy> Find software for Making Tax Digital for VAT > > > > > > > > GNUCash is not listed in their linked list of 12 Free Accounting software > packages, so I thought that it didn’t comply. > > If you can find anything else to clarify this, please post to this forum. > > Neil > neilcam...@gmail.com > > > On 21 Jul 2021, at 16:43, Maf. King <m...@chilwell.net> wrote: > > > > Hi Neil, > > > > MTD for VAT for turnovers 85k+ (IIRC that is the compulsory reg threshold) > > is fine and I've been "doing it" that way for a year or two now. I > > think the report is called GST report, (but may be mistaken on that,,,) > > > > When you say MTD for Self Assessment, I'm not sure what you mean. SA is > > the personal tax return process. I'm not (yet) aware of the 2023 rule > > changes you mention. > > > > Maf. > > > > On Wednesday, 21 July 2021 16:30:12 BST Neil Campbell wrote: > >> From April 2023, new laws in UK will require all businesses with a gross > >> income of in excess of £10,000 to keep digital records for Tax returns. I > >> think that there are already laws in place for record-keeping and > >> submitting VAT digitally direct to HMRC. I am sure that there must be > >> thousands of GNUCash users who will be affected. > >> > >> This may seem a long way away, but can one of the developers please > >> confirm > >> that GNUCash either complies already (I can’t find anything in the Menu’s > >> that relates to VAT or the collection thereof) or the matter is in hand > >> and > >> GNUCash will comply before April 2023. > >> > >> Neil > >> neilcam...@gmail.com > >> > >> > >> > >> _______________________________________________ > >> gnucash-user mailing list > >> gnucash-user@gnucash.org > >> To update your subscription preferences or to unsubscribe: > >> https://lists.gnucash.org/mailman/listinfo/gnucash-user > >> If you are using Nabble or Gmane, please see > >> https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- > >> Please remember to CC this list on all your replies. > >> You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.