Do you need to worry about Making Tax Digital?

Has tax just got a little more taxing? Making Tax Digital has come in, meaning hundreds of thousands of people need to make their first quarterly report to HMRC this week - and during the summer holidays to boot.Georgie Frost, Simon Lambert and Lee Boyce cover what you need to know about the changes and whether it’s a good move.How easy is it to find the right software, will it help reduce the ‘tax gap’ and who will need to start using it?A retirement giant has warned the Government’s inheritance tax raid on pensions next year will undermine faith in saving long-term for later life.Should people be worried about the changes or keep calm and carry on with their pension contributions?This week, a Premium Bonds £1million winner scooped the top prize with a bond bought only six months ago.Is that unusual? Or do many people win the seven-figure sum quickly? Lee reveals all.Heading off on summer holidays? We give a reminder about the dos and don’ts when it comes to spending overseas… and what does the actor Will Ferrell have to do with it? Follow us on Instagram @dmgnewmedia.Follow us on TikTok @dmgnewmediaFollow us on X @dmgnewmediaEmail us [email protected] us  020 7938 6000.Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen CraneProducer: Georgie Frost Hosted on Acast. See acast.com/privacy for more information.