Why we need "Net zero"

[Beelbeebub]

14 minutes ago, -rick- said:

Sort of, though from what limited stuff I'm hearing it's adding more work rather than taking it away. You have to do the work once for the quarterly report and then do the tax return at the end of the year. Yes the software should eliminate a lot of the duplication but not all.

Yeah, this can often be the way with "simplification"!😁

 

I looked into it as I thought I was going to have to do it (turns out I'm in the group that avoids it).  It's very dependent on your software. In theory all you have r to do is the normal admin (allocating payments to invoices and bills and tagging various transactions by type) on a reasonably timely schedule and then hit the upload button every now and again.

 

If you're reasonably on it, there shouldn't be much extra work.

 

But for the people who just chuck all their invoices and receipts in the glove box and then have a mad rush about just before the deadline trying to make sense of scraps of paper from 12 months ago - it's gonna be a change (but probably for the better)

[Beelbeebub]

18 minutes ago, SteamyTea said:

under my system you would pay tax on a refund as it would be treated as income.

Obviously genuine mistake would be an exception.

I would tax state benefits as well. Then it just becomes an arguement about how large they should be, not a threshold arguement.

That seems rather bad, especially if the government is taking the money at source (eg PAYE) and has not adjusted quick enough to changing circumstances.