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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, 8 October 2009
Playing Politics Again
Dave Hartnett, permanent secretary for tax for Revenue & Customs, can't seem to resist playing politics.
The Treasury expects to collect only 30% of the potential yield from the new 50p tax rate. However, Hartnett is quoted in the FT as saying:
"For HMRC [the Revenue] a 70% attrition rate or tax gap in respect of the 50% rate would not be acceptable.
We are keeping such schemes under very close scrutiny and where such schemes are seen to work technically, we will not hesitate to go to our ministers to ask for a change to the legislation."
Since when was it HMRC's role to dictate to parliament what changes should be made to legislation already passed by parliament?
Tax does have to be taxing.
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