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Ahead in the cloud

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Pros and cons of the proposed digital accounts for taxpayers

KEY POINTS

  • Budget proposals include a digital tax account.
  • HMRC will populate the account with information from various sources.
  • Software developers believe the project to be ambitious but deliverable.
  • The effect on those who suffer digital exclusion.
  • Will these mean more practitioners must embrace digital technology?

What did you do at the beginning of February? If the answer is that you breathed a great sigh of relief and went off to somewhere sunny for a well-earned break then read on: change is coming.

Whether that turns out to be a good thing or not will become clearer. If you worked absurd hours in December and January to complete your clients’ tax returns on time the change may be a good thing in terms of your own personal stress levels ...

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