MTD - Lessons Learned from Q1 Submissions

OBJECTIVES

• Reflect on the experiences of agents completing their first MTD for Income Tax quarterly submissions.

• Identify what worked well and what caused difficulties during the Q1 submission period.

• Share practical solutions to common challenges encountered by firms and clients.

• Implement improvements to workflows, client communications and submission processes ahead of Q2.

• Increase confidence in managing ongoing MTD for Income Tax compliance requirements.

KEY TOPICS

• • What surprised us about the first quarter of MTD for Income Tax.
• • The biggest challenges faced by practitioners and their clients.
• • What worked well and what we'd do differently next time.
• • Software experiences across different providers.
• • Managing client expectations and behavioural change.
• • Practice workflow lessons learned from Q1.
• • Preparing for Q2: quick wins and practical improvements.
• • Open discussion and sharing of experiences from attendees.

WHOSHOULD ATTEND

Accountants, tax advisers and bookkeepers supporting clients within Making Tax Digital for Income Tax.

Practice owners and managers responsible for planning and overseeing MTD implementation.

Team members involved in preparing, reviewing or submitting quarterly updates.

Firms that have already completed Q1 submissions and wish to benchmark their experiences against those of other practitioners.

Firms yet to submit their first quarterly update and looking to learn from the experiences of others

Anyone generally interested in MTD and the challenges it poses