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.
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