Over 580,000 Not Yet Signed Up To MTD

 

Over 580,000 self-employed workers and landlords have yet to sign up for HMRC's Making Tax Digital for Income Tax scheme, despite less than a month remaining before the August 7 registration deadline.

A Freedom of Information request has revealed that of the 864,000 people required to register for the scheme by April 6 this year, only 282,637 had signed up by May 20.

The figures, obtained by international accountancy firm Azets and confirmed by HMRC, show that around two-thirds of those required to join the new digital tax system had not yet registered when the data was compiled.

 Good luck everyone! 

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How Very Suspicious - HMRC is Meant To Be Politically Neutral!

An HMRC spokesman said: 

“We have postponed the publication to allow for the completion of a review of some of the key assumptions underpinning the estimates in the bulletin".

 

Burnham has clearly intervened!  

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How HMRC Can Stop Cash Payment Tax Evasion

 

Never let it be said that I am not helpful.

Here, courtesy of Aakash Gupta, is a simple method HMRC can employ to reduce the problem of cash payment tax evasion.

Taiwan solved tax evasion in 1951 with a trick so cheap it should embarrass every tax authority on the planet. 

The problem was an all-cash economy full of small shops. A merchant pockets the cash, skips the receipt, and the sale never existed. Auditors can't catch what was never recorded, and hiring enough of them to watch every noodle stand costs more than the missing tax. 

So finance chief Ren Xianqun flipped the incentive. Print a lottery number on every receipt. Draw winners every two months on live TV. Top prize today: NT$10 million, about $310K. 

Suddenly the customer and the shopkeeper want opposite things. The merchant wants the sale off the books. The customer wants the ticket. And there are millions more customers than merchants. 

Every transaction now carries a built-in witness demanding the paper trail. Year one, reported tax revenue jumped 75%, from NT$29 million to NT$51 million. Seventy-five years later, roughly 70% of Taiwanese still play. 

Convenience stores redeem the smallest NT$200 prizes at the register, so even a coffee receipt feels like a scratch card. The elegant part is what the audit force costs. The prize pool runs about NT$7 billion a year, roughly $20 million. In exchange, the government gets 23 million unpaid auditors working every checkout line in the country, forever. 

No inspector general on earth delivers that coverage at that price. 

Greece, Italy, Portugal, and Slovakia all copied it. The most effective compliance tool ever built looks like a game, and that's exactly why it works.

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HMRC Delays Left Start-Up £95k Out of Pocket

 

HMRC Delays Left Start-Up £95k Out of Pocket – And Choked Its Growth Stone Dead

Spare a thought (and a stiff drink) for one tech start-up founder who’s just had his company kicked squarely in the bollocks by our old friends at HMRC.

This poor sod poured his heart, soul, and savings into building a promising tech business. Like many innovative startups, he put in a legitimate claim for R&D tax credits (the very incentive the government loves to trumpet as proof they support British innovation). HMRC’s response? Sit on their hands for months on end citing a “workload problem”, leaving the company £95,000 out of pocket.

Ninety-five grand. That’s not loose change. That’s salaries, that’s server costs, that’s marketing budget, that’s the difference between scaling up and slowly suffocating. Because of HMRC’s glacial incompetence, the business is now trapped in funding limbo. Investors are wary, cashflow is strangled, and growth has been throttled.

This isn’t a one-off sob story. It’s happening to startups across the country. HMRC’s R&D tax credit crackdown, combined with their usual bureaucratic lethargy, has turned what should be a lifeline into a noose. They demand mountains of evidence, then take forever to process it, while small businesses bleed out waiting for money that’s rightfully theirs.

Meanwhile, the same department:

• Blows £175 million on flashy AI systems
• Spends £186 million to recover just £44 million on the Loan Charge
• Harasses 93-year-old terminally ill veterans
• Can’t answer the bloody phone

…yet somehow can’t process legitimate tax relief claims for the very companies this country desperately needs to grow.

This founder did everything right. He innovated. He hired people. He followed the rules, yet HMRC’s “workload problem” has rewarded him with near-death for his business. How many other promising tech firms are quietly dying in silence because some jobsworth in Newcastle can’t get their finger out?

The message from this government and its tax collectors is loud and clear: we’ll lecture you about supporting British business, then cripple you with delays, bureaucracy, and cashflow destruction.

Tax does have to be taxing.

But deliberately starving innovative start-ups of £95,000 they’re owed while the department wastes hundreds of millions elsewhere? That’s not taxing, that’s economic vandalism and outright sabotage of British entrepreneurship.

If you’re a founder waiting on an R&D claim, VAT reclaim, or any other repayment chase it hard. Because HMRC sure as hell won’t lose sleep over your business going under.

Amazon “Start-Up Founder Survival Kit” Suggestions
(affiliate links – because HMRC won’t help you)

• Industrial Strength Coffee Maker – you’ll need it during the waiting months
• “HMRC Workload Problem” Punchbag – therapeutic
• Noise-Cancelling Headphones – for when you’re on hold begging for your own money
• “Cashflow Is King” Mug – fill with something stronger than tea
• Heavy-Duty Shredder – for their next meaningless letter

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Treasury Ditched Numerical Reasoning Test For DEI

 

After the George Floyd protests, the Treasury ditched its numerical reasoning test for prospective employees because it created an adverse impact on candidate diversity. 

Did HMRC do the same? 

DEI must DIE! 

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HMRC's New AI Tool

Millions to get faster, easier access to government support with new AI tool

GOV.UK Chat is now available in the GOV.UK app – a new AI tool that lets people ask questions in plain language and get clear, reliable answers instantly. 

GOV.UK Chat – a new AI tool in the GOV.UK app – lets people ask questions in plain language and get clear, reliable answers instantly

Instead of calling a helpline or getting lost searching through 80,000 web pages, people can now access reliable government information faster

Whether it’s parents checking childcare, young people finding apprenticeships or retirees understanding their entitlements, GOV.UK Chat helps people quickly find support and save money

People across the UK can now get quick and easy help to navigate government services and save money – from information on accessing funded childcare to buying a first home and pensions – as a new AI tool launches in the GOV.UK App.

Source gov.uk 

Apparently you can ask it tax questions.

Give it a whirl, and let us know what you think.

I would caution you not to make any tax decisions based on what it tells you though! 

 

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