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Petition against tax returns 4x a year

I couldn't find any mention of this elsewhere, so I don't think I'm repeating anyone else's discussion. You may have heard that Osborne in intending to change the tax system so that all small businesses and self-employed fill in tax returns four times a year. It'll be an enormous burden. A petition has already gathered a lot of signatures and it only needs around 20,000 more for the matter to be up for consideration for a parliamentary debate. I doubt if anyone in LJN is too keen on the idea. May I urge everyone to sign the petition?

You can find it at https://petition.parliament.uk/petitions/115895

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  • PRO

    Latest Update : Petition causes Parliamentary Debate:

     

    Parliament is going to debate the petition you signed – “Scrap plans forcing self employed & small business to do 4 tax returns yearly”.

    https://petition.parliament.uk/petitions/115895

    The debate is scheduled for 25 January 2016.

    Once the debate has happened, we’ll email you a video and transcript.

    Thanks,
    The Petitions team
    UK Government and Parliament

    • PRO
      Be interesting to see how much they do actually debate it!
      Maybe I'm cynical but I think they will just do it!
  • If this is pushed through then I would suggest that every self employed person and small business should stick their fingers up and refuse to do it.

    That's what the French would do, but I think but not in this spineless Nation.

  • PRO

    Just to resurrect this thread, there's been a report into this by the Administrative Burdens Advisory Board (ABAB) who oversee HMRC.

    Plans for a quarterly tax filing system have sparked criticism from the independent body that oversees HM Revenue & Customs for their potential impact on small businesses.

    In a report published on Tuesday 5 April, the Administrative Burdens Advisory Board (ABAB) predicted that plans announced by chancellor George Osborne to introduce a new digital tax system for the self-employed – including mandatory quarterly updates – would create a significant added burden in terms of accounting records and costs.

    The Federation of Small Businesses echoed the report’s criticisms. Mike Cherry, the body’s national chairman, said: “Forcing small firms to pay for expensive digital accounting software so they must submit extra tax returns is not going to help anyone. It will simply add to the cost of doing business in the UK. When every independent body and expert is lining up to tell you to stop, slow down and think again, it might be time to take a breather and listen to their concerns.”

    Link

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