The government’s consultation to ‘eradicate bureaucratic form filling’ has closed. But experts fear small firms could be hit with extra admin and IT costs
On Monday night, the curtain came down on the government’s consultation on plans to fully digitise taxation in the UK by 2020. This will create significant challenges for many micro businesses and sole traders, some experts warn.
In the March 2015 budget, the government set out its “vision for a transformed tax system”, later publishing a roadmap – Making Tax Digital [pdf] – with David Gauke MP (then financial secretary, now chief secretary to the treasury) penning the foreword. “In every walk of life, people are embracing the digital revolution,” he observed, with “millions benefiting from the convenience and simplicity of digital services.”
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Source: Guardian