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, 24 May 2018

Downing Street Disses HMRC


HMRC's Jon Thompson, told MPs that the Brexit option of a “highly streamlined customs arrangement” would be significantly more costly than a more comprehensive customs partnership – the other option ministers are considering.

He said HMRC had estimated the cost to businesses of having to complete customs declaration forms after Brexit as £32.50 per shipment. There are around 200 million exports from Britain to the EU each year, meaning the total cost of customs declarations for UK firms would be £6.5bn each year. EU companies would have to pay a similar amount, taking the overall cost to £13bn.

Taking steps to meet EU regulations would cost businesses “several billion pounds more”, Mr Thompson said, raising the total cost of the customs arrangement to between £17bn and £20bn.

Worried?

Don't be, Downing Street has dismissed HMRC's figures as "speculation".

Irrespective of the accuracy or otherwise of HMRC's figures, Downing Street has publicly dissed HMRC.

Tax does have to be taxing.

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1 comment:

  1. Although HMRC deserves to be dissed, on this issue they are bang on and then some.

    Eureferendum.com does a cracking job of breaking down all of the bollocks the brexit ultras are spewing about max fac etc. and is well worth a read.

    ReplyDelete