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.

Monday, 10 November 2008

Interest Rates

Interest RatesNow that the banks have succumbed to pressure from Alistair Darling to cut their loan rates, in response to the 1.5% cut in rates by the Bank of England last week, when will HMRC cut their rates?

Currently HMRC charges 6.5% on overdue tax.

Tax does have to be taxing.

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3 comments:

  1. never mind fuel poverty, I have tax poverty, those useless people at the VAT have sent an envelope with no prepaid postage, just as you said they would.
    So know I have to collect the VAT fro no charge, due the admin for no charge and no have to pay for the stamp to send it to them, what planet are then on, certainly not a real business one

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  2. useless....maybe
    Devious...absolutely!

    As I've said on previous anonymous postings, if the public dont want to pay for civil servants to open the envelopes and type the figures into the mainframe (how else did you think that your details got processed?.....magic pixies at midnight?) then an alternative has to be found.
    And how much cheaper is it to get the individual to do it themselves....online!!

    If you want civil servants to do the bits and bobs, then you( as a taxpayer) have got to be prepared to pay for them. If you don't want to then get filing your return on-line!!!!

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  3. Well, a quick search for unsecured loans on moneysupermarket.com gives a lowest rate of 7.69%. Like most people, I'm subject to Pay-As-You-Earn, so I don't get any option about when I pay tax. Why should businesses be able to borrow from the exchequer at a low rate in return for failing to pay their tax in time?

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