Research carried out on behalf of HMRC, by TNS-BMRB, shows that approximately 20% of large British businesses have considered relocating abroad for tax reasons and that 64% of large companies feel that the red-tape burden had increased over the past 12 months.
The Telegraph reports that UHY Hacker Young have analysed the research, and concluded that businesses thought HMRC was becoming less transparent in its decision-making.
Roy Maugham, tax partner at UHY Hacker Young, is quoted:
"UK companies feel that they are the goose that has been well and truly plucked by HMRC and the Treasury."
He went on to say:
"However, these results show businesses are increasingly dissatisfied with the way the tax system and HMRC is working."
It is not just large businesses who are "dissatisfied" with the way HMRC is working, it is also SMEs, individual taxpayers and the staff of HMRC.
Tax does have to be taxing.
Professional Cover Against the Threat of Costly TAX and VAT Investigations
What is TAXWISE?
TAXWISE is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.
To find out more, please use this link Taxwise
Tax Investigation for Dummies, by Nick Morgan, provides a good and easy to read guide for anyone caught up in an HMRC tax investigation. A must read for any Self Assessment taxpayer.
Click the link to read about: Tax Investigation for Dummies