Are you ready for Making Tax Digital? Last month over 100 people attended a joint event in Belfast held by the NI Tax Committee and Chartered Accountants Ulster Society which looked at Making Tax Digital and what members and businesses need to do to prepare for this change.

Speakers included Verna Gellvear from HMRC’s Customer Readiness and External Stakeholder Team and the Institute’s UK Tax Specialist Leontia Doran. Leontia and Verna’s slides are available to download. Attendees also heard from Alan Gourley, Chair of the NI Tax Committee in addition to several software providers and specialists in implementing new information management systems for business and accounting practices.

There was a lively debate at the session and it is clear that the move to Making Tax Digital from April 2019 (commencing with VAT) will be a challenging one but one that does present opportunities for both the profession and business.

The Institute’s NI Tax Committee is now considering what further support to make available to member’s to help them prepare for this change.