MTD - Labour to the rescue?

Would the Labour Party give a manifesto commitment to a change of direction for MTD?

Didn't find your answer?

Well it looks like we will be having a change of Government this year.

Whatever you think of the prospect it would seem a golden opportunity to get a change of direction on MTD.    

I have no major issue with MTD per se – I understand that times move on and HMRC needs modern systems.  The objection is quarterly returns.  This will impose an enormous compliance burden for no obvious benefit and there is no way that any accountancy firm can file returns for even a small fraction of their clients within the window of a few weeks.  It will be a disaster.

It would be ideal if we could get a manifesto commitment from Labour that they will drop the quarterly reporting requirement.  This would be a very pro-business gesture with no political downside.

Is there anyone here that has contacts within the Labour party that could help, or any ideas how we get the message to them?
 

Replies (10)

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By Tom+Cross
21st Feb 2024 17:16

Crikey, that could take until the next General Election for Sir Starmer to make such a bold decision.

Seriously, I would doubt it. I am in no doubt that such decisions are way beyond the pay grade of politicians. Sir Humphrey and his cohorts drive that engine.

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Replying to Tom+Cross:
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By Justin Bryant
21st Feb 2024 17:19

Yes; you only have to look at how HMRC duped Parliament into voting for the 2019 LC scandal (and then lied about it all to cover that up) to see how corrupt and useless the whole system is.

Apart from that, I doubt there's enough votes in it to get them interested.

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By ireallyshouldknowthisbut
21st Feb 2024 17:17

it was in a previous one. I cant tell you which year mind, MTD has been going on for so long.

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Replying to ireallyshouldknowthisbut:
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By Wanderer
21st Feb 2024 18:15

2017 manifesto, repeated in 2019 document:-
https://labour.org.uk/wp-content/uploads/2019/12/Labour%E2%80%99s-20-ple...
15. Scrap quarterly reporting for businesses with a turnover of under £85,000.
The Conservative’s Making Tax Digital (MTD) programme has been criticised for
creating an unnecessary administrative burden for small businesses, especially
the introduction of mandatory quarterly tax reporting. While the introduction
of MTD has been delayed for those businesses under the VAT threshold, Labour will scrap this requirement altogether.

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Replying to Wanderer:
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By David Ex
21st Feb 2024 19:58

Wanderer wrote:

2017 manifesto, repeated in 2019 document

Good spot. All we need now is a government that delivers their manifesto ….

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Replying to Wanderer:
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By Justin Bryant
22nd Feb 2024 09:53

Yes, well spotted, but as with most politicians, and especially Labour with their almost daily U-turns, I'll believe it when I see it.

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Replying to Justin Bryant:
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By Justin Bryant
22nd Feb 2024 11:24
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Replying to Wanderer:
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By steve 12321
23rd Feb 2024 11:28

they need to be bolder and scrap it. There is no advantage. They need to put their resources into (a) supporting tax payers and agents and have a max 10 minute wait time on helplines (b) target people evading tax (c) get more Covid support fraudsters and punish them properly.

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By SXGuy
21st Feb 2024 18:03

Didn't know they even had a manifesto

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By Duggimon
22nd Feb 2024 09:03

It is in fact so far down the list of things most people care about that Jon, along with many of the rest of us, was unaware it was already an election pledge of theirs in previous contests.

It's not going to be a vote winner but if they're looking to balance budgets then severely limiting the scope of MTD will be a good cost saver.

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