When MTD was first mooted, original forecasts said the scheme would save businesses £100 million a year from 2021.
However, reality is a strict mistress, HMRC’s latest view is there will be no cost savings and the extra work will end up costing firms £37 million a year!
How farking splendid!
Oh but on the plus side, those extra costs will be tax deductible.
Tax does have to be taxing.
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