Commenting on the Government’s decision to U-turn on its controversial Making Tax Digital Programme, Richard Lambert, Chief Executive Officer at the National Landlords Association (NLA), said:
“We are pleased that the Government has finally listened to the concerns raised by the NLA on behalf of landlords who would have been dragged into a system of tax reporting rushed into being before they or it are ready.
“While we have always supported simplifying the tax system, we were concerned by the issues raised by the Making Tax Digital programme, and welcome the changes announced by the new Financial Secretary to the Treasury Mel Stride MP, as they address exactly the points we’ve highlighted since the initial announcement.
“However, rather than being evidence that the Government is willing to work with the industry, this has come about because they no longer have the majority to push through such controversial plans”.
To read more about the changes click here.