The Office of Tax Simplification is somewhat underwhelmed by HMRC's MTD plans:
"1.7 Overall, it is difficult to see the benefits to business owners. They are merely delivering the same (or possibly more) information digitally.Well then!
The incentive appears to be the oft - repeated benefit of accuracy and clarity in their affairs but this isn’t proven. Although an earlier indication of tax liabilities will be helpful to some, it is unlikely to be seen as a major benefit.
1.8 We have always argued that systems should be developed on a carrot rather than stick basis, i.e. that the pressure should be on HMRC to design a system that people want to use rather than (in effect) using sticks to force taxpayers to ma ke the best of it. Compulsion is fine if the software, tools and so on are in place, tested and working and people are showing they are engaging with the system and finding it is indeed easier.
1.9 In many ways the biggest concern is: i s the MTD timescale really realistic? The project looks more like a 3 - 5 year plan rather than 18 months - 2 years."
Tax does have to be taxing.
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