Interesting.
Sounds like accountants have exactly the same problems of rampant failure to mobilize and act as a group / be defended by their (toothless) professional bodies as contractors.
Consequently, we seem to get screwed by HMRC in the exact same manner.
Precisely. It's all about "maximization of tax collected" through induction of errors. A.k.a "entrapment".
Same logic presides over HMRC's efforts to force agents out of the equation and push taxpayers to go it alone.
We all know this is largely down to accelerating tax receipts and probably a shed load of fines too, but does that mean that refunds will also be repaid on the same basis?
If other recent "initiatives" of HMRC (*cough* APN carpet bombing campaign *cough*) are anything to go by, we suspect the added "efficiencies" will be largely asymmetric.
I estimated the cost at £2.80 per business. Don't ask me how I did it. I used a proprietary formula devised by Professor David Gauke that he used at great success in the past to force very unkosher laws through Parliament. https://www.dotas-scandal.org/gauke-performs-magic-trick-transforms-847-...
I'm sure it will work this time again.
To those professionals who discover the extent of the implications of MTD and are in total "but but but...!! they are supposed to be the party of small business!" stupor, just a reminder: because a politician states he will do "A" because of "B", doesn't mean that "B" is the actual driver. Also, because someone carries a party card with "Conservatives" on it doesn't mean he's a conservative.
I don't think there are many left at this stage to argue against the evidence that MTD, as many other policies pushed by the Treasury, existes solely to advance private special interests using public money.
As a rule of thumb: always disregard all they say, look at what they do, as ask yourself: "Cui bono?".
A while ago I remember reading about a French MP who invoked "administrative phobia" to explain away 2 years of unpaid taxes...
So who knows? Try it, it might stick!
Which organisation will be prepared put their head above the parapet?
Answer: None of them. That's a British curse in a way - no one ever wants to rock the boat or appear "badly behaved"!
Some orgs may draft a "strongly worded" letter...and then? Then nothing.Just look at the ICAEW's savaging the "2019 charge" https://www.dotas-scandal.org/the-icaew-savages-hmrc-over-latest-retrosp...
No result whatsoever.
The Treasury and HMRC know all too well they can ignore protests entirely.
Precisely.
This is not unlike the sweeping IR35 reforms in the public (and soon private!) sector, which aim at clearing the field for the Big Boys.
Gauke is an out of control, shameless corporate shill, Hammond an empty suit. With this team in charge we'll have full scale cronyism very soon.
My answers
Interesting.
Sounds like accountants have exactly the same problems of rampant failure to mobilize and act as a group / be defended by their (toothless) professional bodies as contractors.
Consequently, we seem to get screwed by HMRC in the exact same manner.
Precisely. It's all about "maximization of tax collected" through induction of errors. A.k.a "entrapment".
Same logic presides over HMRC's efforts to force agents out of the equation and push taxpayers to go it alone.
If other recent "initiatives" of HMRC (*cough* APN carpet bombing campaign *cough*) are anything to go by, we suspect the added "efficiencies" will be largely asymmetric.
I estimated the cost at £2.80 per business. Don't ask me how I did it. I used a proprietary formula devised by Professor David Gauke that he used at great success in the past to force very unkosher laws through Parliament.
https://www.dotas-scandal.org/gauke-performs-magic-trick-transforms-847-...
I'm sure it will work this time again.
To those professionals who discover the extent of the implications of MTD and are in total "but but but...!! they are supposed to be the party of small business!" stupor, just a reminder: because a politician states he will do "A" because of "B", doesn't mean that "B" is the actual driver. Also, because someone carries a party card with "Conservatives" on it doesn't mean he's a conservative.
I don't think there are many left at this stage to argue against the evidence that MTD, as many other policies pushed by the Treasury, existes solely to advance private special interests using public money.
As a rule of thumb: always disregard all they say, look at what they do, as ask yourself: "Cui bono?".
Nope, that spot's taken, sorry! We were there first ;-)
c/ All of the above!
A while ago I remember reading about a French MP who invoked "administrative phobia" to explain away 2 years of unpaid taxes...
So who knows? Try it, it might stick!
Answer: None of them. That's a British curse in a way - no one ever wants to rock the boat or appear "badly behaved"!
Some orgs may draft a "strongly worded" letter...and then? Then nothing.Just look at the ICAEW's savaging the "2019 charge"
https://www.dotas-scandal.org/the-icaew-savages-hmrc-over-latest-retrosp...
No result whatsoever.
The Treasury and HMRC know all too well they can ignore protests entirely.
Precisely.
This is not unlike the sweeping IR35 reforms in the public (and soon private!) sector, which aim at clearing the field for the Big Boys.
Gauke is an out of control, shameless corporate shill, Hammond an empty suit. With this team in charge we'll have full scale cronyism very soon.