Making Tax Digital - UK HMRC Legislation Explained
4.2 (3 ratings)
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Making Tax Digital - UK HMRC Legislation Explained

Outline Of The New Proposed UK Tax Reforms And What It Means For You
4.2 (3 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
857 students enrolled
Created by Lisa Newton
Last updated 7/2017
English
Price: Free
Includes:
  • 1 hour on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Understand the HMRC's Making Tax Digital planned changes
View Curriculum
Requirements
  • None
Description

The HMRC in the UK are introducing a new regime over the next few years whcih will be one of the biggest shakeups to the tax system in over 50 years and it is called: Making Tax Digital (MTD). This course is aimed at all self employed people, as well as accountants in the UK as they are on the forefront of being impacted directly by what is about to happen. 

We cover:

  • What you (as a UK tax payer in business) need to do now to prepare
  • What you (as an accountant / bookkeeper) working with clients need to do now to prepare for the changes
  • What MTD is (the biggest change to the administration of tax since the invention of PAYE in 50+ years!)
  • Who will be impacted (every individual who is a taxpayer and every business in the UK will be affected)
  • Why is it happening
  • When is it happening

Making Tax Digital WILL change the way businesses keep their accounting records and report their income to HMRC. You are unlikely to be immune to the changes, and there will be penalties to pay for none compliance.

Take this course to get an overview and to start preparing for what this change may mean for you.

Who is the target audience?
  • UK businesses and self employed individuals
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Curriculum For This Course
8 Lectures
01:01:05
+
Lesson Proper
7 Lectures 52:02
Introduction to the course and your tutor
09:04

The Requirements
03:29

The Timeline: 2017-2020
05:36

Planning - Checklist
09:36

Getting / Providing Support - Things to Consider
10:42

Changes Ahead for Accounting Firms
09:14

Final Words
04:21
+
Bonus
1 Lecture 09:03
HMRC update at 13 July 17
09:03
About the Instructor
Lisa Newton
4.0 Average rating
340 Reviews
4,243 Students
100 Courses
Entrepreneur, Infopreneur & Serial Author

Lisa Newton BA MSc AAT has a masters degree in Investment Management and a first class honours degree in Accounting with Marketing. She formed her first company in 2004 with £150 in the same month of graduating from City University, London UK. Lisa has never had a full time 9 to 5 job in her life. She's a serial entrepreneur and author who holds directorships in various industries including telecoms, property management, publishing, hair & beauty as well as finance. She has won various awards in Business including: Young Entrepreneur of the Year Award 2007, in 2008 Enterprising Business Award, in 2016 BE Mogul Award and has been nominated and shortlisted in numerous others. In 2011 and in 2012 one of her companies won Best Accounting Franchisor Award. In 2015 and 2017 one of her companies won Best Bookkeeping Business London (Accountancy International Awards).

Lisa's books include: How to write a book in two weeks, Constant Cashflow, Make the most of your money, How to start your own bookkeeping business, Cosmic ordering with Vision Boards, How to Franchise Your Business and Quickbooks Online The Handbook. Some of the books are in audio-format on itunes and audible.

Lisa hosts her own show The Authors Podcast which can be found on the iTunes channel.

Lisa supports the charity The MS Society. A speaker, coach, consultant and an avid networker, Lisa enjoys meeting people and working on projects with like-minded individuals.

In her spare time, Lisa likes traveling, dancing salsa, writing books, learning languages, meditation, yoga and cosmic ordering.