Friday 16 December 2022

HMRC Delays MTD Again!


 

The Government is set to delay introducing its Making Tax Digital self-assessment tax system for the self-employed and microbusiness owners until April 2026.

Previously, the Treasury was due to drag 4.2 million self-employed workers and small businesses into filing quarterly Making Tax Digital returns from April 2024.

Only in September 2021, the Treasury announced the deadline for MTD would be postponed for 12 months from April 2023 to 2024.

The reason, according to an exclusive in the Times, is that HMRC computer systems are not ready, despite Making Tax Digital being first announced in early 2015.

It is clear that HMRC is useless and not fit for purpose!


Tax does have to be taxing.

Tax Investigation Insurance

Market leading tax fee protection insurance for businesses, sole traders and individuals. Protect yourself from accountancy fees in the event of an HMRC enquiry.

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountant's (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your accountant (your tax return agent) to:

  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

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"

2 comments:

  1. If it isn't broke, don't fix it.

    Self Assessment, despite its faults, is established as a workable system. One Tax Return, once a year. Simple.

    I wouldn't be surprised if the whole thing was quietly dropped after endless face saving reviews.

    ReplyDelete
  2. HMRC are utter shit

    I've just phoned to sort my tax code out by, you know, talking to a Human.

    After listening to automated messages, a.i robots trying to bounce me to the online website. They asked me for personal details, again trying to nudge me off the phone by telling me what the wait times are. When I finally hung on, I thought I would at least enter a queue.

    How wrong I was. All I got was "Thank You For Your Call.. Goodbye"

    This happened TWICE so you're not telling me it was an accident.

    HMRC need hauling before a Public Account Committee and in front of someone who can see through all the bullshittery they spout.

    ReplyDelete