Only 3.8% of taxpayers required to sign up to HMRC’s new digital tax collection system which will require self-employed people to file taxes four times a year have done so. ‘Making Tax Digital’ is a cumbersome operation designed to expand HMRC’s reach…
HMRC slipped out a note to the Public Accounts Committee late last month that confirmed an extraordinary low take-up of 18,000. The taxman is briefing that the figure has since risen to 30,000. Only 750,000 short for this year…
Uptake will become mandatory from April under the new regime. The system requires all self-employed taxpayers to sign up now who earn £50,000 a year or more. From 2027 that threshold drops to £30,000, then £20,000 the year after. It’s coming for everyone…