Making Tax Digital will impose a cost of £1.8 billion a year on UK small business says COFFERS researcher and City, University of London Professor Richard Murphy

 

Professor Richard Murphy, COFFERS researcher, Director of Tax Research UK and Professor of Practice at City University, London, addresses the UK’s House of Lord’s Committee on ‘Making Tax Digital’ and the idea that this will contribute to closing the tax gap – the gap between the amount of tax that should be collected and the amount that is actually collected.  Professor Murphy refutes the idea and, over turning the accepted orthodoxy, argues that ‘Making Tax Digital’ will rather than close the tax gap, increase it.

Link to the recording of the hearing here

Written By coffers