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.

Thursday, 28 February 2013

RTI Change Request At The Eleventh Hour

With 36 days to go until the introduction of Real Time Information (RTI), businesses are gradually waking up to what this may mean.

Payroll World reports that the Federation of Small Businesses (FSB) has called for an easing of the reporting requirements for RTI, so that firms only need to submit data to HMRC once a month in order to reduce the cost burden on SME's.

The FSB’s proposal is to replace RTI with ‘Regular Time Information’, under which employers could submit returns once a month and which would help businesses with weekly payrolls, for example.

Sadly, for the FSB, this request is being made far too late in the day for it to be considered. The reality is the RTI is the flagship of HMRC and the government's Universal Credits. In the event RTI fails, both HMRC and the government will be holed below the water line.

Tax does have to be taxing.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.

Ken Frost has negotiated a 10% discount on any polices that may suit your needs.

However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.

What is Solar Tax Investigation Insurance?

Solar Tax Investigation Insurance 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 Solar Tax Investigation Insurance



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

HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"

5 comments:

  1. Well it doesn't take a rocket scientist to work this out.
    RTI nose dives into the stormy sea as HMRC, rudderless and without a competent bridge crew, drifts aimlessly amongst the offshore rocks and the siren wail of the Dekunobo's.
    Whilst HMG blames HMRC for the ensuing wrecks and pollution. LOL

    ReplyDelete
    Replies
    1. The failure of UC will be blamed on the failure of RTI which will be blamed on the failure of HMRC to implement it properly; ie the government will do all it can to avoid blame for something that it has been warned will not work.

      Delete
  2. Well as you said any action now is far too late. People accuse HMRC of firefighting events well this is a classic example of businesses not listening for the last 2 years and then panicking like headless chickens. It's the businesses fault if they fail to file on time and should have been up to speed on this well before now.

    ReplyDelete
    Replies
    1. Correct me if I am wrong but for the SMEES out there, of which there are a few, RTI is going to be a real time pain in the ass?

      Small business' such as SP/Partnerships and the smaller Ltd companies tend to buy in bookeeping services to deal with "The Tax" because they can't aford to have their own bookeeping/accounts departments.

      Changing to e.g a weekly "run" is going to put them out of business and end up with more people on the dole. That can't be good for UKPLC surely?

      Delete
    2. You could ask why the federation of small businesses left it so late to announce this may cause its members a few problems, alternatively you might ask why weren't the FBI consulted by HMRC, after all isn't supposed to have a customer centric strategy.

      Delete