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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.
Monday, 13 July 2009
Power Corrupts - Specialist Information Powers
HMRC is asking for more powers to force accountants to reveal the names and addresses of clients who use schemes to avoid paying the 50% rate of income tax.
The "new specialist information powers" would enable HMRC to demand that accountants release the details of all individuals using such schemes, when the new rate comes into force in April next year.
Given that tax avoidance is legal, why does HMRC need to know who is avoiding tax?
Surely it only needs to know the nature of the schemes being used by accountants, in order to validate their legality?
Tax avoidance schemes have been around for yonks, why now does HMRC feel the need to increase its snooping powers?
Tax does have to be taxing.
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