A report from the Public Accounts Committee (PAC) says that HM Revenue and Customs (HMRC) underestimates the number of tax reliefs and does not properly count their cost.
PAC also notes that HMRC does not check sufficiently to see if the reliefs are being abused.
As per the BBC HMRC lists 398 reliefs, but the Office of Tax Simplification has counted 1,140 that the committee says cost more than £100bn a year in forgone tax.
That is all very well, maybe, but it is Parliament that writes the law that makes the system so farking complex and confusing. Therefore it is Parliament that needs to address this issue!
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
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"
No comments:
Post a Comment