HMRC Is Shite

HMRC Is Shite
Dedicated to the taxpayers of Britain, and the employees of Her Majesty's Revenue and Customs (HMRC), who have to endure the monumental shambles that is HMRC.

Tuesday, 29 January 2008

The Dog's Dinner

The Dog's DinnerHMRC, and its masters in the government, are facing a backlash from tax professionals about the draft legislation on tax hikes for non-domiciles.

Mike Warburton, Grant Thornton senior tax partner, made a succinct point describing the arrangements for non-doms as a "dog's dinner".

He noted that US bankers, who make up a large proportion of those who claim non-dom status, would face a doubling of their tax liabilities under the new rules.

Needless to say this would mean that many would consider moving elsewhere, with a consequent diminution in tax take and reduction in economic contribution to the UK economy.

In other words, the new rules would be detrimental to the UK.

Taxation and the HMRC should not be used as a tool of politicians to satisfy their own personal prejudices. Taxation and the HMRC should only be used to collect revenue necessary to fund approved government expenditure.

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