The Telegraph reports that David Gauke, a Treasury minister, has revealed in a written Parliamentary answer that 23% (almost 10,000) of those who used the "extra-statutory concession" A19 were successful and had their HMRC debt cancelled.
Why is this noteworthy?
Ah well you see in 2010, the same Mr Gauke claimed that it "does not apply that often in practice and I do not want people to build up their hopes that it will offer some kind of panacea".
To add to Gauke's embarrassment, 250,000 pensioners have also had their tax cancelled under the concession; this despite the fact that HMRC did their best to reject claims.
This whole issue of the applicability or otherwise of A19 came about as a result of the PAYE problems of last year, that prompted accountants to recommend that people use the A19 concession which puts HMRC on the backfoot if the taxpayer "could reasonably have believed that his or her tax affairs were in order".
Tax does have to be taxing.
UK EXPATS: Reduce tax on UK Pensions
HMRC QROPS provider. Unlock your UK pension and access a 25% lump sum today.
Quote ID code "ABC" when contacting a QROPS specialist.
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