MTD Is Bollocks - Elaine Clark Nails It!

My chum Elaine Clark nails the bollocks that is MTD:

"Making Tax Digital is an HMRC initiative requiring all businesses and landlords, with a turnover in excess of £10k, to report figures to HMRC on a quarterly basis.

HMRC estimate that they will spend £980 million implementing Making Tax Digital.

The problem is that HMRC WILL NOT use those figures!

So to restate that …

Making Tax Digital is an HMRC initiative costing  £980 million and imposing a reporting burden on all businesses and landlords to provide figures which will not be looked at by HMRC....

The waste of money on Making Tax Digital is an inconvenient truth

Hopefully this vanity project will be shelved before it’s too late."

In conclusion, MTD is:

BOLLOCKS!

Tax does have to be taxing.

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