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, 5 September 2013

HMRC To Access Credit Card Records

As from 1 September HMRC now has the power to access credit and debit card records paid to UK business dating back four years.

HMRC claim that no personal data, such as cardholder information or card numbers, will be collected. However, it will be able to acquire information relating to the number and value of transactions completed by any individual trader.

HMRC says it will analyse the data by cross-referencing and comparing with information it already holds to flag up and subsequently investigate noticeable differences.

Syria vote absentee David Gauke is quoted by economia:
Tax evasion and the hidden economy cost the taxpayer £9bn a year. While the majority of traders are honest, they may find themselves undercut by the minority who seek to lower prices by cheating the tax system. 

The government has given HMRC nearly £1bn to tackle fraud and evasion, and these new powers give HMRC an extra tool to ensure a level playing field between businesses, and also reducing opportunities for those who try and cheat the system.” 
The first requests for the data will be sent to merchant acquirers this week and from next year this will be an annual request.

Tax does have to be taxing.

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