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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.
Tuesday, 26 January 2010
In keeping with the season, the FT reports that HMRC is snowed under with claims for tax repayments from companies.
Seemingly, businesses are waiting twice as long for corporation tax rebates from HMRC than they were a year ago.
Waiting times of a month (in comparison with 14 days last year) are now common.
The problem arises because the recession has increased the number of claims for rebates, which HMRC simply doesn't have the resources to handle in a timely manner.
Self assessment rebates for individuals are processed automatically. However, business rebates are processed manually.
Doubtless there will be those who argue (as they have done before) that if returns were input by businesses earlier in the year, the backlog would be lessened.
That is not unreasonable, up to a point. However, it should be remembered that the businesses are trying to drum up business and continue in operations; their time and energy are focused on that. HMRC's role is to make tax administration/payment etc simple, efficient and as least time consuming as possible.
Tax does have to be taxing.
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