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.

Monday, 22 September 2014

Star Wars - The Attack of The Hypocrites

Disney has been given a £8M tax break by HMRC to make the next Star Wars film in Britain (Star Wars: Episode VII). The tax break is as a result of the tax credit scheme, which entitles films with costs of more than £20M to claim back up to 20% of production costs.

How ironic that dog whistle politicans have been bleating about the "evils" of tax avoidance schemes relating to investments in films!

Tax does have to be taxing.

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  1. This should come as no surprise, after all, Disney owns The Muppets!

  2. Not entirely sure this is down to HMRC ..... seem to remember the chancellor taking the credit for this when it was announced

  3. I'm a little bit surprised that you havent picked up on the connection between HMRC and the scandal of Tesco overstating their profits by £250 million. HMRC uses a concept known as Future Revenue Benefit to grossly inflate the yield figures it reports from compliance work. Is it a coincidence that Sir Richard Broadbent was chairman of HMC&E when this concept was introduced and he is now chairman of Tesco? Somehow, I think not.

  4. Are you referring to the same concept as that of 'revenue protected'?