Digital Tax Returns by 2020?
1. London Broadcasting Company (LBC) rang me on Saturday 12.12.15 at 19.45 for a High Street Accountant's take on this. I pointed out that, according to an ex-Speaker of the House of Commons (Sir Bernard Wetherall) 95% of all business in the UK employed 5 or fewer employees, and yet the Government treats them the same as Business Giants (it was I.C.I. at the time).
2. Even though Bank Accounts could be downloaded - and coded - what about CASH transactions?
3. What about assumptions in the treatment of buying long-term assets, such as Motor Vehicles? Does the man-in-the-street, who chooses to be self-employed really know the different tax treatment, and has he/she been getting it wrong consistently?
4. One body of Accountants (ICPA, Hornchurch) has launched a F/Book page entitled "HMRC Watch" whereby the abysmal record of failure is "posted".