Interesting to read the “you will be excluded from the electronic bookkeeping…if it is contrary to your religion”. I am guessing the Amish community, for example, will be able to avoid this!
Really surprised to read this, I agree – I think chaos and outrage will ensue due to the overburdening amount of admin needed to do all of this, for no real financial difference for HMRC…surely the tax totals will be the same, just more admin to produce the returns for shorter time periods on a more frequent basis.
How do you think the government will deal with the rise of popularity of cryptocurrencies? Do you think these might become taxable at some point as well?