MTD for VAT: Are you ready for bulk migration?
In a process that HMRC is referring to as bulk migration (BM), the tax department is to transfer close to one million VAT registered business from its aging legacy VAT platform on to its new MTD-ready Enterprise Tax Management Platform (ETMP).
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Brian Palmer is an independent tax policy adviser, writer and observer on all things tax and you can contact him at [email protected].
Brian is the CEO of Tax Policy Advice. He has amassed considerable all-round experience of the UK tax system,...
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one wonders why this couldn't have been done instead of MTD which is almost totally pointless replacing one digital system with another whilst spanking business for phenomenal time & costs in the middle.
Where are the vast time savings and increased VAT revenues MTD was supposed to bring?
It is merely the department taking another step toward achieving its ambition to ensure that the UK tax regime becomes one of the most digitally advanced tax administrations in the world.
They should have started by making sure that their existing, broken and flawed systems work, first.
RTI is a mess.
Anything to do with non-residents is a mess
PAYE online is a mess
The web portals look like something designed for small children
Online guidance is lacking, or plain wrong