The BBC reports that we may in the future be able to view our tax records online, if the Government’s attempts to make the tax system more transparent are followed through.
I think the extra visibility of how much tax we’re paying sounds like a good idea, if it can be done in a way that’s;
- accurate, so it doesn’t create more queries than it solves
- doesn’t cost the taxpayer millions in development (or at least starts to save money in the log-term)
- secure, so that there aren’t worries about identity fraud etc.
The recent addition of an online system for collecting tax have been praised as a “real achievement” but it’s still unclear whether it has proved to provide value for money.
The system would be similar to that already in use in the Republic of Ireland – any readers in Ireland wish to comment on how well (or not) that system works? Do you think it will be useful, or a waste of money? Let us know in the comments below.
- Brits â€˜Overwhelmedâ€™ & â€˜Stressedâ€™ By Money Management (January 12, 2017)
- Young People “Most Likely To Be Victims Of Online Fraud” (November 11, 2018)
- Most Common Online Scams To Be Cautious Of (May 10, 2018)
- NatWest Invest: NatWest Launching Online Investment Service (February 9, 2017)
- Warning: Amazon Prime Renewal Phone Call Scam (July 27, 2020)