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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.
Thursday, 25 September 2008
Accountancy Age reports that HMRC's investigation into offshore accounts, now covers up to 80,000 individuals suspected of using offshore bank accounts to avoid paying UK tax.
A good sized haul of fish to wade through.
Seemingly HMRC have mounted this massive fishing trip, because they are desperate to have a criminal prosecution.
The trouble is as Bob Brown, global leader for tax and investigations for Ernst & Young, says:
"The quality of information [on offshore accounts] is not as good as they thought and they lack enough experienced investigators to run with this."
Would it not therefore be better to cut one's cloth according to one's girth?
Tax does have to be taxing.
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