HMRC Is Shite

HMRC Is Shite
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, 11 May 2010

Durham Top of The Tax Tree

Bender
Accounting Web cite a report by UHY Hacker Young that taxpayers in Durham experienced the fastest increase in income tax levels, of the top 100 UK towns/cities, in the tax year 2007/08.

The good people of Durham experienced average income tax rises of 18.5% to £4,350 for the tax year 2007/08.

The rise was in part due to a 13.1% growth in average earnings, bringing the regional average to £25K, plus fiscal drag (when the threshold at which the starting point of income tax after personal tax allowances, and also the higher rate tax threshold, are raised at a slower rate than the increase in earnings).

Fiscal drag is more commonly described as a "stealth tax".

Doubtless the residents of Durham will be raising a glass to their good fortune, most especially as they know that taxes are going to rise further this year (as and when we have a government).

Tax does have to be taxing.

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