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Two nations
KEY POINTS
- The administration of the tax system will be affected by robotics automation and artificial intelligence.
- Multinationals and large corporates are already using accounting software but microbusinesses have yet to fully embrace digital.
- Data rather than tax returns is important.
- Could an Estonian solution involving the banks apply in the UK?
- Basic software packages may not fulfil the requirements of small business clients.
Look at a map of the general election results. From a distance it is predominantly blue. Zoom in and red becomes more apparent– at least south of Hadrian’s Wall where 42.4% of voters chose the Conservatives and 40.0% Labour. Whether it is politics Brexit or economics the UK is running in parallel. The TUC forecasts that London and the South-East will account for...
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