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A Budget of the unexpected

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Paul Aplin was struck by Chancellor Sunak’s reference to Roald Dahl in his speech yesterday as this was, by any measure, a Budget of the unexpected.

12th Mar 2020
Former Tax & IT Partner
Columnist
In association with
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Sunak had no choice but to react decisively to an unexpected event: the coronavirus pandemic. He did, however, have a choice about the balance he struck between taxation, spending and borrowing and, while the choice he made was perhaps not wholly unexpected given recent comments from ministers, it was a complete reversal of the approach taken by George Osborne and Philip Hammond.

Number crunching

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Replies (5)

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Tornado
By Tornado
13th Mar 2020 16:11

"The only announcement on MTD was that HMRC would be assessing progress to date. I certainly think we have reached the point where a joint assessment by HMRC and stakeholders of where we are and how we can best harness the power of technology for business as well as for tax administration is due."

I think this statement sums up the current situation very well.

It is all very well trying to harness the power of technology but you can only do that successfully when the basics are working properly. For anything out of the ordinary, HMRC are practically impossible to deal with. I have enquires to HMRC going back as far as early December 2019 that I have not even received an acknowledgment for, let alone a reply, and we are still generally unable to deal with HMRC by email.

How can there be talk of harnessing technology when HMRC are still living in the dark ages and are pathetically out of touch with reality.

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By bobsto12
16th Mar 2020 10:28

All that debt and it scarcely seems to matter these days.
I don't know why but I suspect that one day there will be a sovereign debt crisis it will matter a great deal.

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By chronus
16th Mar 2020 16:03

The government is about to have a lesson on "harnessing the power of technology". Especially as it is that very technology that seems to have shrunk the world and brought us all to the very precipice where we now stand.
No amount of Budgeting and fiddling around crunching endless numbers on the latest whizzo computers will help to deal with the reality of major business failures.
So futile as it may be, let HMRC do all the assessing that they must. The truth is that they have been given so many things to do all on their whizzo computer and now they are all reluctant to touch their keyboards in case they pick up one of these corona virus things , and have the ideal excuse to go home,self confine, dig their veg plots and plant loo rolls.

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By DMBAcc
17th Apr 2020 17:21

Sigh !!!!!!!!!!!!!!!!

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By DMBAcc
17th Apr 2020 17:22

Whistle in the dark ..............................

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