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, 27 October 2016

WTT Big Group

I have just come across the above tweet about the WTT Big Group, and popped over to look at the website:
"WTT BIG GROUP is an action group of current and ex-contractors directly affected by the existing and proposed legislative changes granting HMRC wide ranging powers. Our focus is on mobilising a collaborative voice to develop a strategy for resolution of the existing enquiry in a fair and appropriate way ensuring the future sustainability of the contractor profession. 

The primary objective of the group is to arrive at a tax analysis and consequent settlement with HMRC, which can be regarded as fair and reasonable for both parties. This is not limited to the tax position whilst engaged in the scheme but will extend to agreement in respect of any obligations or rights that still exist, such as loans from trusts. This will be essential in order to reach overall finality following recent budgetary announcements indicating that all outstanding loans received via an EBT will be taxed as income on 05 April 2019."
Other than that I know nothing about the group.

Tax does have to be taxing.

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4 comments:

  1. Umm...click a few buttons - WTT Consulting, former IR taxman, looks like the group is more than prepared to go head to head with the HMRC.

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  2. A seemingly innovative group designed to wholeheartedly represent the contractor profession. Further proof that Hmrc are considered over mighty and unfair.

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  3. I am concerned that payments made online for PAYE under the RTI system are allocated to the newest debt. I thought it that due to interest being charged on late payments that HMRC had to allocate payments to the earliest debt not the latest? advise or comments please

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    1. Each PAYE month is a separate liability, there is no running account. The payments should be allocated according to the wishes of the employer however. The best advice is, where possible, to pay in full and on time, to avoid all the pitfalls, it really is not worth the hassle of relying on HMRC, and their RTI system, to do the right thing - they will not do so.

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