Charlottesquare wrote:But I do not now care, when all the nonsense got announced, and yet another change in the basis of assessment was proposed, I packed in private practice in late 2019 and suspect I will give up the day job as an in house FD before it all really bites re my employers (Partnerships and Limiteds)
Yes, and I do wonder how many people will cease to operate their businesses if this tax nonsense continues to expand its reach. I had given up being a landlord a few years ago anyway, but if I had not then I certainly would now, rather than deal with this nonsense.
Where it will get really interesting is if the taxman tries to force digital filing onto ordinary individual taxpayers. Might we then see an exodus of taxpayers to other jurisdictions as I imagine the taxman will never be able to impose this requirement on Brits living overseas. Which longer term will lead to a loss of revenue.