London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

HMRC’s digital plans

During this Parliament, HMRC will make fundamental changes to the way the tax system works with a stated aim of transforming tax administration so it is more effective, more efficient and easier for taxpayers.

The plan is that by 2020, HMRC will have moved to a fully digital tax system where:

  • bureaucratic form-filling is eradicated - taxpayers should never have to tell HMRC information it already knows;
  • unnecessary time delays are eliminated - the tax system operates much more closely to ‘real time’, keeping everyone up to date and removing the risk of missed deadlines, unnecessary penalties, debts arising and errors in the system being carried forward from one year to the next; and
  • taxpayers have access to digital accounts - with the information HMRC needs being automatically uploaded, bringing an end to tax returns for many people.

I await the further details and consultations with interest.  I do have some concerns; about accuracy and correction of errors, for instance.

 

 

Date: 13th January, 2016
Author: Cathy Corns

SHARE THIS

Articles from this Author

4th April, 2018
EMI options - a current risk

20th March, 2018
Beneficial loans

20th March, 2018
IR35 consultation

20th March, 2018
Tax codes

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.

Tweet

Mercer & Hole Chartered Accountants support @alzheimerssoc as their charity of the year bit.ly/2EJbtw5 pic.twitter.com/3KLTdzwPnD

Jamie Wooldridge to speak at the Business Accelerator Summit MK bit.ly/2qih6wf @brightbizadvicetwitter.com/i/web/status/9…

Follow

LinkedIn

For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn