Guy Opperman, minister for pensions and financial inclusion, referring to HMRC's MTD plans said that the government will be able to create nudges and saving models for the self-employed.
The state requires that by 2020 most businesses, self-employed people and landlords will have to use software or apps to keep their business records and provide regular updates of information to HMRC.
Speaking at a hearing at the Treasury select committee 8 May, Opperman said once the reform is concluded, the new system will be "one of the greatest levers that we could utilise to address the self-employed in particular".
Fear not he really does have his finger on the pulse of what it is like to be an ordinary taxpayer, as per Wikipedia:
"he understood what it was like to live on a zero-hours contract because he once worked as a £250-per-hour barrister."Quite!
Anyhoo, quoted by the FT, he said:
"Because once your tax return is done on a digital basis, in a total revolutionary way, your ability to do nudges and sidecar versions of savings through a tax return will massively go through the roof.Unfortunately, as you can see, he wasn't speaking English and as such no one understood what the fuck he was talking about!
But that is for the future."
Tax does have to be taxing.
Professional Cover Against the Threat of Costly TAX and VAT Investigations
Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.
Ken Frost has negotiated a 10% discount on any polices that may suit your needs.
However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.
What is Solar Tax Investigation Insurance?
Solar Tax Investigation Insurance is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.
To find out more, please use this link Solar Tax Investigation Insurance
HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"