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Making tax digital – a wake up call
Key points
- The introduction of making tax digital (MTD) for income tax has not gone smoothly – there are concerns that the whole project has completely lost its way.
- A devastating report by the National Audit Office must surely result in a complete rethink of the government’s approach to digitalisation of income tax.
- It would be very wrong for HMRC simply to react to this report by giving up its ambition.
- Taxpayers are entitled to feel aggrieved that HMRC did not properly reflect the costs to business.
- Even if MTD didn’t bring benefits to the taxpayer it might possibly be justified in overall financial terms on the basis that it increased the tax take.
- In its report the NAO made 13 recommendations on fundamental issues which one would have thought would have underpinned the whole programme right from the beginning.
Official acknowledgement that the introduction of MTD for...
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