Thursday 2 December 2010

HMRC Are Not Psychic

Fortune Teller

Quite rightly HMRC are more than fed up with having to chase up tax credit claimants who do not update them with changes in their circumstances.

The government claims that approximately £400M a year is being overpaid in tax credits, because parents don't tell HMRC about changes in their childcare costs. Approximately 345,000 tax credits paid in 2008/09 (4.5% of the total) contained errors relating to childcare.

Aside from the loss of tax revenue, there are additional costs incurred by HMRC in chasing up and correcting these errors.

Tax credits is just one example of the many of Gordon Brown's ever so complex and unwieldy "tweaks" that he was addicted to making to the tax system.

It is high time that the tax system be radically overhauled and simplified. A good staring point would be to abolish tax credits and raise personal allowances to a decent level, eg £15K.

Tax does have to be taxing.

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8 comments:

  1. WHAT still no comments...

    Clearly HMRC staff cannot get into work (to use their work computers to access this site and comment) ...

    Maybe things will improve at last!

    ReplyDelete
  2. I think you'll find most of us that work for HMRC do not have internet access at work.

    ReplyDelete
  3. most of us Hardly any of us.

    There has never been any real checks on Tax Credits since it was introduced, the country is being robbed blind with false claims. They very recently tried to introduce pre-payment checks on the claims for the first time ever. It only lasted a couple of weeks, before it was halted due to the backlog. Same old story, not enough staff to deal with the work.

    ReplyDelete
  4. Would anyone be stupid enough to access this site from work? Its probably part of the 90% of the internet that is blocked anyway.

    ReplyDelete
  5. WHAT still no comments...

    Some of us where out enjoying the snow.

    ReplyDelete
  6. 19:45

    HMRC

    3 December 2010 22:41



    MOVE!

    ReplyDelete