Listening to each of the two MTD webinars (yesterday and today) as my mind drifted, it dawned on me that there are striking similarities between MTD and Brexit. Each produces hundreds - possibly thousands - of problems which we otherwise would not be faced with. Each seeks to replace a current regime which works reasonably well with one which most likely will not. Each therefore involves taking a major risk. Both Brexit and MTD could well result in chaos - in which case 'own goal' or 'shooting oneself in the foot' might be suitable descriptions in due course.
But there is one big difference. We can hardly be accused of rushing into Brexit. You would have had to have been in solitary confinement for the past few years to be unfamliar with the concept (if not the actual term). That is not the case with MTD. We are on the verge of it coming into force and the vast majority of those directly affected by it have never heard of it - let alone understanding just how much change it involves. Accountants may or may not be prepared to put in the hard yards. Most clients will not be. And why should they? They are busy trying to earn a crust. They simply will not have the time or inclination to get to grips with this needless revolution. Committees of MP's, Committees of Peers, business groups, accountants, Uncle Tom Cobley and all are telling HMRC to relax the timescale. When will somebody listen?