HMRC are saying the new digital filing which will require quarterly updates won't be as burdensome as tax returns. And they've never been wrong before, have they?
UK tax authority HM Revenue and Customs (HMRC) has denied that its "Making Tax Digital" project will require businesses to provide the equivalent of four tax returns a year. HMRC was responding to an online petition against the proposals. The petition has now gathered more than 100,000 signatures, meaning that a parliamentary debate must now be held on the topic.