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, 8 October 2015

HMRC Owed Up To £200M

HMRC has defeated an avoidance scheme mainly used by property developers and IT contractors. As such HMRC may be owed up to £200M in unpaid tax.

The scheme, which was used by more than 2,000 people, aimed to exploit the UK’s double taxation agreement with the Isle of Man.

Those using the scheme believed that it would reduce their rate of income tax to 5% or less. The scheme was blocked by parliament in 2008 and HMRC was given allowances to enforce the new legislation retrospectively.

Electrical engineering consultant Robert Huitson subsequently challenged the ruling but, following a decision by a first tier tribunal, that appeal was dismissed.

Jim Harra, HMRC’s director general of business tax, is quoted by economia:
This is yet another example where some people try to abuse the tax system to deprive the UK of money for vital public services. 

This is unfair on the majority who pay their fair share.
All very well and good (disregarding the meaningless and woolly"fair share" comment). However, retrospective legislation is a dangerous path to take!

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 (, also available via the domain, is brought to you by "The Living Brand"

No comments:

Post a Comment