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Correspondence from readers on topical subjects.
Making Tax Digital
David Gauke’s reply to Andrew Tyrie’s letter of 26 April 2016 on Making Tax Digital really did not take us very far at all.
What it did say very clearly is that Making Tax Digital is going to reduce the burdens on business. Anyone doing tax or running small and medium sized businesses will know this is just not so; the burdens will significantly increase costs investment in information technology for no real purpose other than for satisfying HMRC and consume huge amounts of time and worry not once a year but at least four times. The requirement to keep records digitally is fundamentally wrong and the department is riding roughshod over taxpayers.
I have no idea why the financial secretary to the Treasury believes Making Tax Digital ‘will deliver greater control certainty and confidence for business’ and then ‘the software will do...
