Thursday 10 May 2018

Taxpayers More Honest Than HMRC Would Have Us Believe!



Despite the ongoing propaganda from HMRC and the cretins in the government, it would appear that tax dodging is less rife than previously thought .

HMRC has unexpectedly discovered that Britons typically err on the side of caution, inadvertently overpaying on their self-assessment forms.

Contrary to the expectation that taxpayers play down their incomes as much as possible – or, as in recent high-profile cases, evade taxes – a trialled new system (that I wrote about in September 2017)  revealed the opposite to be more commonly true.

An automated system that used existing data to pre-write a taxpayer’s income found that it reduced the income declared more often than not.

Jon Thompson, chief executive of HMRC, revealed the discovery in a letter to MPs.

As per the Telegraph this “had a small net negative impact on overall tax receipts due to improved accuracy of self-assessment returns”.

He added:
Decreases in overpayments outweighed the reductions in small ­underpayments.
In otherwords the state will be worse off under the new system!

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"

1 comment:

  1. Lower hanging fruit, never as big as that clinging to the higher sun-kissed offshore varieties, eh?

    ReplyDelete