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Small Brit firms beg for 'light touch' as only half are ready for digital tax reforms due next month


Bringing in MTD in the same month as Brexit is a bold move. VAT is one of the main sources of revenue for the government. Making this tax difficult to collect (because HMRC want to shut the simple VAT filing gateway) could result in an immediate revenue crisis for the government. I blame the software companies for fleecing customers, HMRC for pretending everything is fine, and the government for believing "the market" would magically provide the software at an affordable cost.

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