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The reason HMRC ....."didn't want to make any mention to MTD so quickly after the consultation period as it would look like they had already decided what they were going to do regardless of the feedback provided and wanted to actually analyse the feedback from the consultation" - is precisely that. THEY have made their mind up but don't want us to know that! Do they think we are stupid?
Mind you I suppose they could not win either way could they! BUT!!!!!
1) Software is not ready.
2) We (accountants) are not ready as we do not have enough detail to sensibly plan the change.
3) Clients don't know too much yet because we are concerned about "putting the frighteners" on our clients in terms of time and cost.
4) HMRC are definitely not ready. ( P800's for people already in self assessment is not really joined up thinking is it!).
5) Broadband/internet structure in the UK is not ready.
6) Any more???
They need to wait and then get it right when everything is in place. Then it may benefit everyone! (We hope).
How the hell do they expect to announce the full details of such a major change and for it to be enacted 15 months later?!
As SWJWBA says - its a done deal as far as HMRC are concerned. They wont be backing off now and the fact that they are looking at 'January 2017' is the indication - is that the first week of Jan or the last when we are fighting to get returns in by the deadline? Do they hope we will be working so hard that we miss their response?
Assuming the 2nd week, delete Xmas/New Year hols for their staff and that means a result in 6 weeks.
But we know the outcome already - MTD will be happening the way HMRC say.
The time for us to say our bit has gone. More should have been said at the beginning by representative bodies. From reviewing previous consultation documents the comments made by the 3,000 will be ignored.There will be some tinkering around the edges but thats all. Its the comments made by the software suppliers that we should be looking at now.
Unless, of course, you are thinking of selling up within the next few months - if so then you wont be interested.
MTD is the biggest change to the tax system ever.
We'll (hopefully) find out the details in Jan 2017 and it goes live in April 2018.
What could possibly go wrong!
MTD is an absolute joke.
No internet at busy time of the year. How many times the Revenue Website was down last year. Treasury can afford millions of tax payers money to put it right. We are small accountants working hard with our clients to comply.
OTS can make total destruction of the tax system and principles involved over the years. It took ages to get it going. Revenue & Customs expected to loose many more billions in taxes by changing the systems in a period of economic uncertainty. No need of tax books of specialists.
MTD is supposed to overcome the problem. Joke???