No Brexit worries for Making Tax Digital, says HMRC

No Brexit worries for Making Tax Digital, says HMRC

It had been suggested that the Revenue would have to delay the scheme, scheduled to launch on April 1, for more than a million VAT-registered businesses, if the UK was to crash out of the EU without a deal. 

However, in a letter to the Financial Times, HMRC deputy chief executive Jim Harra, wrote, “The truth is our system is already live and by the end of February we’ll have written to every affected business encouraging them to join the thousands of others who have registered.” 

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Government warned of dangers in digital tax

Government warned of dangers in digital tax

In a discussion paper published, the OTS suggested technology had the potential to create a tax system where taxpayers need only "press a button" to meet tax obligations.

But the paper warned with these advances come the risk taxpayers may become disengaged with their own tax affairs, leading to problems with culpability in the event of errors.

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