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Making tax digital – time to stop
Key points
- Many promised features of the personal tax account have never appeared.
- HMRC has lost track of the purpose of making tax digital for income tax.
- MTD does not require businesses to keep their primary/original records in government-approved software.
- Taxpayers’ records can be kept in any format and put into software to submit to HMRC once a quarter.
Dear Chancellor
Congratulations on your new appointment. We have never met so I just thought I would briefly introduce myself. My name is Mark Morton. I originally started my career in the old Inland Revenue as a tax inspector and I then moved into private practice and spent the last 27 years lecturing to and advising small and medium-sized firms of accountants which act for SME businesses.
In 2015 the document Making tax easier: The end of the tax return was published. The purported aim of...
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