Inner Peace?January 11, 2017
I don’t want to do my tax return.
I don’t want to do my tax return, because it’s boring, and difficult.
I don’t want to do my tax return, because it’s boring, and difficult, and it’s important you don’t get it wrong.
I don’t want to do my tax return, because it’s boring, and difficult, and important you don’t get it wrong, and it won’t make a blind bit of difference because I don’t owe them any money (or vice versa) anyway.
I don’t want to do my tax return because it’s boring and difficult and important you don’t get it wrong, and it won’t make any difference, and they know it all anyway.
I get a pension covered by PAYE, and I make less than the MTD threshold doing odds and ends of writing, and I get less than the dividend allowance on my non-ISA shares (actually, have I even got any non-ISA shares?) and less than the Personal Savings Allowance on my bank interest (actually, did the bank even pay me any interest?) and, honest go god, if they’d just take it and go away I’d happily pay the £100 fine not to have to fill in a tax return by the end of the month.
(I understand why they don’t do that, of course, because it would be a great tax loophole for people who really need to be doing a tax return)
But, honestly, every single thing that will be on my tax return is information already known to HMRC aside from my derisory three line accounts. Which is why I’m so interested in MTD. If it was a case of, “here’s your tax return, all you have to do is check over the figures, add your three line accounts and press send”, then it would be a boon for people like me.
Is that how we think it will work? Or am I, instead of once a year, going to find myself in a couple of years time sitting four or five times a year thinking “I don’t want to do my taxes…”