Check this one out, @ken_frost ! https://t.co/Ubc0JDBMai
Looks like #APN's have taken #HMRC's lack of care for anything to a whole new level
— DotasScandalDotOrg (@dotasscandal) September 1, 2015BG Survey Update 73.4% who received APNs say HMRC have incorrectly calculated but 48% havent made a rep/dont know how http://t.co/151m50A21M
— WTTConsulting (@WTTconsult) September 1, 2015Tax does have to be taxing.
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I received several APNs for years where I was employed by a so-called "EBT structure".
ReplyDeleteHMRC overestimated my income by over 50%!!! (which naturally resulted in a grossly inflated APN value!!)
Reason? Instead of using the accurate figures at their disposal (everything was duly declared on my tax returns), the math geniuses at HMRC are very openly using a calculation "model" (APN value = declared PAYE component * a seemingly random multiplier) that results in a grossly exaggerated estimate - to the benefit of HMRC, of course!
I had to laugh!!
NB - this for tax of TEN years ago, they NEVER asked my any information, figures, etc, EVER!
I can only conclude the focus is firmly on "maximizing the amount of tax collected" (and if NOT collected, it's the penalties that will be maximized!), and not on any kind of fairness, accuracy, or ethics.
Unbelievable how low this organization has fallen!
A good story here: https://www.dotas-scandal.org/testimonies/testimonies-8/
ReplyDelete"On going back to HMRC they wrote to confirm the figure was nearly 14 times what it should have been, and yet when the APN was sent it still demands the first, higher figure.
Of the other 5 years in question, only 1 set of figures is consistent across all the calcs HMRC have sent me. The rest vary between 5% to 350% differences between the APNs and Settlement figures".
FOURTEEN TIMES too high!!! Enough said.
The other stories are worth a read too.