Kudos to Dominic Raab MP who has outlined what should be done about the unmitigated shambles that is HMRC in a new paper for the TaxPayers’ Alliance, recommending ways to simplify the system.
As he notes, the UK tax code is too long and complex. That has facilitated tax avoidance, undermined UK competitiveness and led to the taxman (HMRC) acquiring arbitrary powers. This report sets out five proposals to simplify the tax system, make it fairer and more competitive, and limit the scope for abuse of small and medium enterprises (SMEs) and individual taxpayers.
I most certainly fully support the recommendation that clear financial penalties should be imposed on HMRC to compensate taxpayers who suffer from the arbitrary use of new powers.
However, he has missed out one very necessary reform that I and others have been calling for over the years. Namely that HMRC should have its own ministerial office and cabinet member responsible and accountable for it.
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"