- HM Revenue & Customs (HMRC) has missed a deadline to respond to complaints about plans to digitize the tax system.
- The Public Accounts Committee criticized HMRC for repeated failures that have caused delays and cost overruns in the new online service.
- The Making Tax Digital program will not be extended to self-assessment taxpayers until 2026, eight years later than planned.
- The new service is costing £1 billion more than expected.
- Committee chair Dame Meg Hillier expressed concern that HMRC was making tax difficult instead of digital.
- HMRC has failed to reveal costs of over £2 billion that will be borne by taxpayers.
- HMRC claims the new system will cut fraud and tax evasion.
- The deadline for HMRC’s response has been extended by a few weeks.
Source: thisismoney.co.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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