Why has it taken HMRC about 30 years to clamp down

On P B-W RTs?

Didn't find your answer?

I mean, he's even had a book out on all this for at least 25 years I think. See: https://www.amazon.co.uk/Books-Paul-Baxendale-Walker/s?rh=n%3A266239%2Cp...

Offshore companies named as tax avoidance promoters | HM Revenue & Customs (HMRC) (mynewsdesk.com)

https://www.mynewsdesk.com/uk/hm-revenue-customs-hmrc/pressreleases/offshore-companies-named-as-tax-avoidance-promoters-3250068?utm_source=rss&utm_medium=rss&utm_campaign=Alert&utm_content=pressrelease

https://assets.publishing.service.gov.uk/government/uploads/system/uploa...

Current list of named tax avoidance schemes, promoters, enablers and suppliers - GOV.UK (www.gov.uk)

https://www.gov.uk/government/publications/named-tax-avoidance-schemes-p...

If I was running HMRC, I could have stopped all this with 100% effectiveness in about 10 -15 mins with a few dozen words of amending legislation in IHTA 1984 and ITEPA 2003 (or ICTA 1988 as it then was).

It’s just bananas how slow, inefficient and ineffective HMRC are at this kind of simple, obvious anti-tax avoidance stuff (let alone all the outright tax fraud they seem to turn a blind eye to).

Replies (13)

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By rmillaree
04th May 2023 13:18

We all know Jim Harra thinks having 11,000 companies at fake residential address is not necessary an indicator of fraud so not really a problem from his point of view. Clearly the problems go right to the top and with the attitude that Jim has things are unlikely to change for the better until the person at the top starts taking their job seriously.
I suspect everyone at the top level are like minded folk that wont disagree with Jim.

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By Dib
04th May 2023 13:28

I found a copy of this in the firm's library. I've hidden it rather than binned it on the grounds that it may become a curiosity in the future!

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Replying to Dib:
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By Justin Bryant
04th May 2023 13:32

My old firm (understandably) refused to have it in their library.

In passing I note that irrevocable BBL fraud (that also could probably have been prevented with about 10-15 mins thought by an intelligent, competent person) almost certainly exceeds this HMRC £9bn problem here: https://committees.parliament.uk/committee/127/public-accounts-committee...

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Replying to Justin Bryant:
By ireallyshouldknowthisbut
04th May 2023 14:45

Justin Bryant wrote:

My old firm (understandably) refused to have it in their library.

In passing I note that irrevocable BBL fraud (that also could probably have been prevented with about 10-15 mins thought by an intelligent, competent person) almost certainly exceeds this HMRC £9bn problem here: https://committees.parliament.uk/committee/127/public-accounts-committee...

@Justin, even thickies like me saw the BBL problem within about 5 minutes of it being announced. I recall posting on here that it was bonkers the banks had no skin in the game, and that was before it turned out they were not doing *ANY* checks, ie not even asking for the prior years accounts or proof of t/o from VAT records.

I believe Rishi! was told by everyone, civil servants, the BoE it was deeply flawed, but he did it anyway.

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Replying to ireallyshouldknowthisbut:
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By Justin Bryant
04th May 2023 15:03

Yes, agreed, me too (I was of course being too generous to HMG in my criticism).

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Replying to Justin Bryant:
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By Justin Bryant
05th May 2023 16:03

These people are right that it's RS's fault for being totally irresponsible with this country's money.

https://www.bbc.co.uk/news/uk-politics-65496536

I reckon at least around £20bn Covid fraud could have been very easily avoided even with the dumbest of chancellors, but he was far too keen to please people and ignore the huge obvious fraud risks. Hence dishi Rishi i.e. dishing out £bns of dosh regardless.

Had that not happened we would still have 19% CT etc.

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Caroline
By accountantccole
04th May 2023 17:47

I'm not sure I will ever be clever enough to understand what Justin's posts actually mean..........

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Replying to accountantccole:
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By Justin Bryant
05th May 2023 09:05

Why not ask ChatGPT (rather than pointlessly displaying your ignorance here)?

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Replying to Justin Bryant:
Caroline
By accountantccole
05th May 2023 09:59

Sure - or maybe your posts would be more helpful if they contained some context from time to time?
My comment essentially compliments your knowledge, nice that your reply focuses on my ignorance......... we all have areas of expertise and areas of weakness which is why we ask questions /share knowledge here

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Replying to accountantccole:
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By Justin Bryant
05th May 2023 10:14

I see. It's just that 90% of comments here not agreeing with or questioning me are troll-type (rather than being sensible, well-reasoned points which I always welcome) or are otherwise idiotic (as is typical of the internet generally of course), so that's fine that you're in the 10%.

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Replying to Justin Bryant:
Stepurhan
By stepurhan
09th May 2023 00:47

I'm sorry, but your claim to welcome "well-reasoned points" is nonsense. I have made detailed reasoned queries regarding your views in the past and you have either not responded at all or simply become abusive. I will draw your attention to this thread, in which I have raised a few different questions, none of which you have even attempted to answer.

https://www.accountingweb.co.uk/any-answers/ltd-invoice-paid-to-personal...

In all honesty, I think accountantcole has hit the nail on the head by saying

accountantcole wrote:
maybe your posts would be more helpful if they contained some context from time to time?
. All too often you throw up a bunch of links (as you have here) with little or no detail on how you think they support your argument. You then dismiss those that question how the links meet your argument (I have seen a few in the past that, in my view, seemed to do just the opposite) as people just "not understanding" without any attempt to engage in intellectual discussion.

If you really are knowledgeable, then you should be able to help others understand by sharing that knowledge. The fact that you repeatedly refuse to do so makes it look like you are trying to create an illusion of knowledge that you actually don't have.

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Replying to stepurhan:
By Ruddles
18th May 2023 10:31

+1

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