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.

Monday, 27 February 2017

Tyrie Castigates HMRC's "Fairness"

Andrew Tyrie, chair of the Treasury select committee, is not happy with how HMRC treats film investors and has written a letter to the Chancellor about it.

The FT reports that Tyrie said that “very severe financial distress” had been inflicted by the crackdown on schemes exploiting film industry tax breaks:

If a tax avoidance scheme is found by the courts to be illegal, then investors in the scheme have no option but to repay the tax that they have avoided. 

But HMRC needs to treat people fairly, including investors in what are now considered to be tax avoidance schemes, and to be transparent and timely in their approach....

This sorry story is a clear example of how tax reliefs aimed at achieving a specific policy objective — in this case to boost the UK film industry — can result in unacceptable complexity in the tax system providing scope for confusion and also some abuse. The result is that for many years HMRC have been involved in a long-running legal battle against avoidance schemes."
However, fear not, HMRC says that everything is fair:
We have worked hard to tackle abuse in the system on behalf of the vast majority of investors who play by the rules, ensuring they are enforced fairly and with sensitivity.
Nothing to see here!

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