HM Revenue and Customs has said it is investing £200 million to modernise its services so that citizens can do their taxes online – it is hoped that by April 2015 the new service will be available to two million people and five million small businesses.
The objective is two fold: letting business owners spend more time improving their businesses rather than doing paperwork, while also giving the HMRC greater visibility of those who try to get around paying taxes.
According to Exchequer Secretary David Gauke: “We want to give people the power to manage their tax affairs online as easily as they manage their bank accounts and this investment of over £200m will allow HMRC to deliver a digital tax service fit for the twenty-first century.
“For individuals, this will mean a better understanding of what they are paying and where it is being spent. For business people, it will give the control over their tax affairs and flexibility to manage them that allows them to focus on growing the business.”
HMRC chief executive Lin Homer added: “This is a huge vote of confidence in HMRC. I am delighted that we have secured this investment, which will enable us transform our increasingly popular digital services and build a groundbreaking digital tax service. We are committed to doing business with our customers in the way they want to do it.”