“But digital record keeping is the way forward. Sticking your receipts on a spike and dealing with them at the end of the year is not the way things are going. We have got to make that change. It is happening. But I agree it is about the taxpayer.”
And a quote below from HMRC's FOI Team about their new reporting system:
We can confirm we hold individual-level information on the timing of tax return submissions and any late returns penalties levied. However, aggregate level information on all penalties relating to returns submitted via the system for reporting Capital Gains Tax (CGT)-liable residential property disposals is not produced; and it would exceed the FOIA cost limit to provide this information.
I can see an advantage in the spike philosophy as it does allow you to quantify what you have done. I've written back to the FOI bods just to double check their reporting system is as rubbish as first claimed.