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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.
Friday, 19 March 2010
Accountancy Age reports that HMRC seems to have painted itself into a corner wrt the mountain of disputes that have piled up between itself and taxpayers.
On the one hand HMRC's mission is to maximise tax take, as such its stated litigation settlement strategy (LSS) aims is to push for a full settlement or court action if it believes it has a better than 50/50 chance of winning.
All very well.
However, the cost in terms of money, time and effort expended by HMRC (and delayed cash flow for the government's coffers) in pursuing these disputes is mounting.
Therefore some in HMRC are considering using a more "common sense" approach, namely "spinning out" the dispute resolution unit from the anti avoidance division. The mission of the new unit would be to resolve the disputes more quickly; thus improving cash flow, even if the speedier resolution means a lower tax bill.
I suspect that this common sense initiative will meet some internal "resistance" from within HMRC.
Tax does have to be taxing.
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