Protecting Tax Revenues 2009: Summary
Consultant practice editor Mark Lee offers a detailed breakdown of HMRC’s latest document explaining how the tax gap is being handled.
‘Protecting Tax Revenues 2009’ contains a number of quite illuminating comments and definitions, which will be highlighted later. At first it’s a struggle to determine the document’s real purpose, but at it para 2.8 sets out:
Continued...
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Piffle
In 45 years of being an Accountant I've not read so much piffle.
The tax system is unfair and unworkable and until a Government does something about it we are never going to hear any different.
It's no good government blaming Tax Payers (oops sorry customers) for their own short comings.
The most "unfair" tax is Employers nic. How can you tax tax payers for having employees??????????
Why should you have to pay tax on a gift???????????????
Why should you have to pay tax on an astute investment???????????????
etc. etc. etc.
Government has been shoring up a system that is outdated and then wonders why it is near to stagnation.
Gordon Brown had a fantastic opportunity to re-vamp the whole of our tax system, which would have guaranteed him at least another 2 terms in parliament.
'Should' and 'fair'
'Should' and 'fair' have nothing whatsoever to do with Tax Law. If this is going to be the new standard then maybe we should all just throw away Tolley's and take every tax demand on trust...