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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, 21 December 2009
Move Over Darling II
As predicted, HMRC have issued a revised version of "Darling's bankers' bonus tax".
Sneaking it out late last Friday, thus trying to minimise their humiliation, HMRC said:
"The bank payroll tax announced at PBR 2009 applies to retail and investment banks (including building societies), and to banking groups. It does not apply to non-banking companies outside of banking groups (for example, insurance companies, asset managers, stockbrokers etc.)."
Doubtless this clarification will have greatly reassured those who try to do business in the UK that our tax laws are well thought through, and professionally drafted.
Tax does have to be taxing.
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