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.

Friday, 6 July 2012

HMRC Offers Amnesty

HMRC have relented a little on their stance wrt late submissions (ie non submissions) of self-assessment forms for tax years 2010 and earlier, and have launched the "Tax Return Initiative".

The Telegraph reports that people who have not completed self-assessment forms will be given three months to declare untaxed income earned before 2010. Those who fess up will be given reduced penalties of £200, plus a fine equivalent to 10% of the unpaid tax.

This is a significant mollification of HMRC's normal stance on late/non submissions. Fines are normally up to 100% of unpaid tax, and spot fines can be more than £1,000.

Taxpayers (not "customers") who do not make use of the amnesty to fess up will face aggressive criminal prosecutions.

HMRC will write anyone who should be paying tax at 40% or 50% but has failed to comply with a request to fill in a self-assessment tax return for the tax year 2009-10 or earlier.

The “Tax Return Initiative” has a deadline of Oct 2.

Tax does have to be taxing.

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