Member Since: 24th Jun 2004
3rd Dec 2021
You got it in one!
Once again, we see prima facie evidence of the revolving-door between Big IT (or Big Anything) and the Gov't.
You'll own nothing and they'll still not be happy...
20th Oct 2021
What a load of old boilerplate.
The real reason is to drive out the small businesses and the sole practitioner/front-room accountant in favour of big business and big beancounter, whilst permitting a totalitarian micro-management of the financial affairs of every peon left standing.
I'll move myself and my family aside
If we happen to be left half alive
I'll get all my papers and smile at the sky
Though I know that the hypnotized never lie
We don't get fooled again...
8th Sep 2021
Sorry, I misunderstood the title.
I thought Covid-fraud started with running the PCR tests at ridiculous cycle threshold levels and went on from there...
3rd Sep 2021
Interesting that I had a discussion with a client today about MTD ITSA. A simple one-man band whose records have always been very good although manual.
His reaction - I'll retire! He is coming up to pension age so might have done so anyway but faced with extra effort, cost and putting his records onto a computer why would he bother?
Well not much loss to HMRC, I suppose, tax bill this year about £3,000 including NIC ( but that does include SEISS) . But multiply it by all the others who might have gone on working after retirement age but now won't and where is the filling of the so-called tax gap? And of course there is the tax lost on accountant's fees no longer earned and the tax lost on the reduced spending from said gentleman due to his reduced income and then because he isn't working his health will probably become more problematical so the NHS costs will mount (Well they would if he could get to see a GP which he probably couldn't)
Do you think HMRC have given a thought to all this? I am sure I saw a flying Pig the other day so maybe they will.
And they still believe that having a computer will stop people pocketing the cash jobs - well they must if they think this will stop that happening. Simple-minded in the extreme.
The other side of this is that all this digitalisation should reduce the need for humans at HMRC so have they a planned redundancy scheme which they aren't talking about? I mean we wouldn't notice as it is so difficult to talk to one there anyway but do the staff realise that the current furlough proves they aren't necessary? I mean surely GDPR must make working from home next to impossible for HMRC.
Cash-in-hand will probably be replaced by Monero-in-cryptowallet following WEF's The Great Upset, but otherwise your points stand.
26th Aug 2021
This started off as a nice little skit about old ladies attacking fit young men, but now it's just got silly.
23rd Aug 2021
There are too many tax (or ex-) inspectors posting perfectly salient comments on here to believe that everyone within HMRC is utterly imbecilic.
I am becoming increasingly suspicious that MFTFD is being deliberately designed to fail.
What better way to close down all the small businesses than to penalise them into insolvency for failing to file correctly?
The small entrepreneur will own nothing and be happy...
13th Aug 2021
Soo, it'd now be down to auditors to put all these well-known climate fraudsters in jail..?
Gawd 'elp us...
30th Jul 2021
I used to think that a 'taxpayers' strike' would bring them to their senses. But with Modern Magic moneyTree thinking, they'll just print more credit and swap more bits of e-paper.
All this complexity is really a distraction-technique so that people don't really notice what's actually going on.
If they haven't already crushed every small business by the time MTD happens, they'll soon get the promised 'strike' - people might try to comply, the system will repeatedly crash/go wrong and then nobody CBA to comply any more after that.
I'm sure HMRC will spin it as a Glorious Success in the Revolution anyway, despite the Whtehall farce ensuing.
28th Jun 2021
No, you can't have a flat rate sales tax across the board. The profit on low margin stuff like petrol and baccer would be eliminated so you end up with dozens of rates for different categories of goods.
Then you nod sagely at Tony Barber's wise words - "VAT is a simple tax ....."
Squirt & smokes are mostly tax anyway, with a bit of product thrown in.
All taxation is theft, but those products are pushing Gov't largesse to a whole new meaning.
Upshot is, a 20% sales tax would still be theft on top of theft, but without the merry-go-round behind it.
There'd undoubtably be a period of market adjustment and much gnashing of teeth, but it would eliminate a whole load of pointless complexity.
25th Jun 2021
You know, it's almost as if the accounting practices in the mortgage industry were too complex, and the big audit firms were too complicit in disguising the problems.
I'm starting to think these sorts of practices might have had something to do with the global financial collapse in 2008...
You'll be telling me next that the entire fiat monetary system is nothing but a giant Ponzi scheme fraud. Oh, hang on...
Actually, I'd have thought it would make the audit report pretty damned straightforward "given the complexity of derivative FIs, we have NFI what's going on and are therefore incapable of expressing an opinion".
Audit fee £100....