Episode 27

NEWS - UK Government Stalls on Making Tax Digital - a Big Surprise?

Published on: 12th October, 2021

Episode 27. In today's news episode, the Accounting Influencers Podcast reviews the big UK government u-turn on making tax digital and whether tax authorities have too much power in accountancy.

Key shownotes include:

➯ The comical government u-turn on making tax digital or MTD

➯ How even HMRC officials didn't know the 12 month deferral would be happening

➯ The wasted time accountants and firms have spent on becoming MTD ready

➯ What time wasted on MTD could better have been spent on for accounting firms

➯ Implications of MTD for countries out side the UK given this is a worldwide initiative

➯ The impact for accountancy practices of having to chase legislation instead of growing their firms

➯ The critical decision accounting practitioners need to make as a result of government intervention

➯ How MTD affects the wider accounting and fintech ecosystem with vendors and clients

➯ How MTD has driven accountancy firms down a compliance vz advisory route for many years

➯ Proof of how MTD occupies accountants as judged by the popularity of tax legislation related seminars

➯ How to share your views with us on this topic by going to sayhi.chat/aip

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About the Podcast

Accounting Voices Podcast
Accounting Voices helps people in the accounting world stay relevant visible and vocal. Host Rob Brown interprets trends reshaping the profession and gives listeners insight to build authority influence and a stronger voice in firms and markets.
Accounting Voices, hosted by Rob Brown, helps decision makers and leaders in accounting and finance stay relevant, visible and vocal in a profession being reshaped by technology, private equity, regulation and shifting client expectations. Each episode interprets the trends disrupting accounting and finance such as AI, automation, M&A, talent and the move to advisory and translates them into practical insight that strengthens authority and influence.
Accounting Voices is also a platform for the wider ecosystem of networks, associations, educators, consultants, software vendors and technology experts who serve accountants and finance professionals worldwide. It extends into regular Accounting Voices networking sessions that connect this audience and amplify ideas that move the profession forward. With its international reach and long shelf life the show delivers credibility and commercial value for listeners and sponsors alike. Search for "Accounting Voices" on YouTube for all episodes and connect with Rob Brown on LinkedIn to find out more: https://www.linkedin.com/in/therobbrown

About your host

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Rob Brown

ob Brown is the creator and host of the Accounting Voices Network, a media platform that includes the flagship solo podcast Accounting Voices and the panel shows Accounting M&A and Accounting Tech. He chairs conferences, panels and virtual events worldwide and is recognised as a leading advocate for the accounting profession.

He is an accomplished speaker and authority on trust, reputation, employer brand, talent, succession, executive presence and the forces shaping the future of accounting. Rob is the author of the bestselling book Build Your Reputation (Wiley) and his TEDx talk The Personal Brand of You has been viewed more than 400,000 times.

A former co-founder of the Accounting Influencers Roundtable, Rob now focuses on amplifying the voices of leaders, firms, networks, vendors and influencers across the global accounting ecosystem.

Outside of work he is a stroke survivor, lives with epilepsy, holds a black belt in kickboxing and is based in Nottingham, UK. He plays chess and backgammon, loves orange chocolate and is allergic to grapefruit.