Labour is examining plans which would require self‑employed workers and landlords to pay tax every month from April 2030, in a major shift to how millions manage their finances.
Under the proposals, HM Revenue and Customs (HMRC) would calculate monthly payments using an individual’s previous year’s tax return.
The reforms are expected to apply only to those earning above a threshold that has not yet been set.
This will be a monumental clusterfuck!
Fabian Society wet dream, all planned.
ReplyDeleteHMRC is in permanent meltdown with two payments a year. When HMRC 'accidentally' empties your Bank Account, do you think you'll get them on the blower to sort it out?
This whole thing is a biblical level omnishambles.
You will own nothing..and be happy.