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Nothing is Certain.

In a surprising turn of events in Strictly Come Dancing this weekend, Ashley Roberts and her professional partner Pasha Kovalev found themselves in the dreaded dance off, despite consistently being placed near the top of the leaders table. Whilst they were unanimously saved by the judges it just goes to show that nothing can be taken for granted.

Uncertainty has also been cast over the introduction of Making Tax Digital with a report today that a parliamentary Select Committee has implored HMRC to delay the implementation of MTD for VAT by one year after concluding that the department has 'neglected it's responsibility to support small businesses'

The report from the House of Lords Economic Affairs Finance Bill Sub-Committee, said many of the 12m UK small businesses, for which MTD for VAT is being introduced in April 2019, will not be ready in time. The Committee added HMRC had 'inadequately considered the needs and concerns of smaller businesses in managing the roll-out of the programme'.  While some public sector organisations have been given a six month deferral to introduce MTD, small businesses - who the Committee said 'have the least resources to manage the transition' have received no such clemency. The report went on to add 'The Committee therefore recommends waiting at least one year until MTD for VAT is mandatory, and transitioning in stages to allow businesses to join when they are ready'

An HMRC spokesperson said the Department was disappointed at the results of the Committees report and that they would respond directly to the Committee in due course.

Whist nothing in life can ever be certain, it is reassuring to know that with Xero as your partner you will always be as prepared as possible to meet whatever challenges may come your way.