In the March Budget of 2015, the then chancellor George Osborne announced government plans to modernise the tax system, bringing it into the digital age.
Two years down the line, and the digital initiative continues to spark controversy.
With industry tussles over timelines, disagreements on costs to companies and an alarming number of businesses seemingly unaware of the plans, the government’s road to a fully digital tax system by 2020 has been bumpy at best.
But, perhaps now it’s starting to take shape.
We look back on the journey so far to tax digitalisation, examining the government’s digital objectives and industry concerns, and explore the key issues for businesses over the next three years.
He highlighted the following four foundations to the tax system of 2020.