Whither Tax, HMRC and MTD Now?

Given that we are now being "governed" by a very precarious hung parliament, and that Jane Ellison is no longer Financial Secretary (as she lost her seat), it is fair to say that matters pertaining to tax, HMRC and MTD are now very uncertain and subject to change.

It's going to be a very bumpy ride.

Good luck everyone!

Tax does have to be taxing.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.

Ken Frost has negotiated a 10% discount on any polices that may suit your needs.

However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.

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Solar Tax Investigation Insurance is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.

To find out more, please use this link Solar Tax Investigation Insurance



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"

Making Tax Digital Delayed

It appears that Making Tax Digital will be delayed, for businesses, until 2019.

Addressing the HMRC annual conference, Jane Ellison (finance secretary to the Treasury) is quoted by CCH Daily:

"You told us that even slightly larger businesses might need more time to prepare for the new system, so we have proposed deferring the introduction of any changes to 2019 for those businesses too."

What about the issue of quarterly updating of online tax records?

She didn't address that!

Ellison said having an online account which can be accessed any time from any device would make life more straightforward for millions of people and businesses.

"They will even be able to spread their payments by just paying as they go, if that’s easier for them.

And they’ll know what they owe as they go along – not get any, nasty or nice, surprises when the annual tax bill drops through the letterbox.

And it’s just not right that our tax service should lag behind – stuck in an age of paperwork, letters and phone calls.

That’s why we want HMRC to offer all our customers a top quality, fully digital service alongside its existing services."

She said the government had made the necessary ‘big billion pound investment’ to do MTD, while HMRC had ‘the talent, know-how and determination to do it’.

High hopes indeed!

What could possibly go wrong?

Tax does have to be taxing.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.

Ken Frost has negotiated a 10% discount on any polices that may suit your needs.

However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.

What is Solar Tax Investigation Insurance?

Solar Tax Investigation Insurance is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.

To find out more, please use this link Solar Tax Investigation Insurance



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"