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, 20 June 2019

How Reliable Are The Tax Gap Stats?

As HMRC says:
"These are our best estimates based on the information available, but there are many sources of uncertainty and potential error."
Bad news for SME's, as HMRC says that they are responsible for 40% of the gap (page 9).

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"

3 comments:

  1. The thing about these quoted figures is the fact that they are always round numbers. 52.7% of statistics are made up on the spot scenario. There is a tax gap, as there always is. Never any relation to the staff they get rid of, offices closed and experience lost. Any more than crime statistics are due to Police numbers being slashed.

    Article yesterday quoted about 150 Billion Euros (round numbers, again) being lost to VAT fraud throughout Europe. HMRC actually took some pre-emptive action to stop this when they became aware of it. Heaven forbid they are actually on the ball for once. Give that man a knighthood.

    https://www.theguardian.com/politics/2019/jun/19/hmrc-targets-fraudsters-taking-billions-in-renewable-energy-vat-certificates

    ReplyDelete
  2. Having previously dropped exactly the same ball on Carbon Trading of course.

    ReplyDelete
  3. "These are our best estimates based on the information available, but there are many sources of uncertainty and potential error."

    Information available re. The Tax Gap?
    Do you include the amounts of unpaid/uncollected taxes from the amounts declared?
    Do you include the amounts of monies not recovered from companies and individuals gone bust in soime way?
    Do you include that old chestnut - REVENUE PROTECTED?
    Do you include proven unrecovered fraud amounts or court fines and penalties?
    Do your 'experts' know what happens to taxpayers credibility during recessions, particularly one of over a decade?
    Is a shadow front bench mathematical genius and an abacus used for calculating totals, as per line eleventy twelve?

    No, wait a minute, are you looking in the right direction even?
    The total for 'other taxes' seems mighty small!

    Do you still self-assess your 'performances' or whatever you use to judge your effectiveness?

    Answer on the back of a postage stamp please.



    ReplyDelete