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.

Monday, 27 September 2010

Wild Overestimate

BS
Accounting Web have published an interview with Mike Warburton, Tax Director at Grant Thornton.

It is worth reading, ao he notes that:

- Government estimates of there being a further £7BN that can be collected from tax evaders as "a wild overestimate of the actual situation".

- "The root problem is that successive governments have created a tax system that is too complicated. The volume of tax legislation doubled under the previous government and that's a big legacy to live with. HMRC and accountants are having to cope with this".

- "Evasion and avoidance are two entirely different things: One is legal and one is not. The last government said there was 'acceptable avoidance' and 'unacceptable avoidance' and then used this idea of 'unacceptable avoidance' to treat avoidance and evasion as if they were one and the same, but they're not".

As to whether the government will listen to tax professionals and the staff of HMRC, or is indeed able to tackle the problems left behind by the last administration (eg re complexity of legalisation), only time will tell.

Tax does have to be taxing.

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4 comments:

  1. If it is outstanding why are they not collecting it? Could it be because it is not due but they need to look like they are earning the large wages?

    ReplyDelete
  2. Because tax evaders by definition hide the fact that they owe tax. This makes it difficult to collect until you find them.

    And the people doing the investigating don't earn large wages.

    ReplyDelete
  3. Sorry, I was referring to the people doing all the shouting in public about how much may be owed.

    ReplyDelete
  4. Oh how accountants detest all this accursed complexity in the Tax laws...........not.

    ReplyDelete