Entrepreneurs relief - next thing to go

[Ruprect]

It's just a matter of time

BBC News - HMRC failed to investigate tax relief scheme, watchdog finds

HM Revenue and Customs has not properly investigated why a tax relief scheme cost £2bn more than expected, according to the National Audit Office.

The spending watchdog found that a type of tax break known as entrepreneurs' relief cost the Treasury £2.9bn last year rather than the £900m predicted.

The NAO said that HMRC "did not try to definitively rule out abuse" when assessing the scheme.

An HMRC spokesman said "we robustly monitor" the way reliefs worked.

The criticisms emerged after the NAO conducted a review of 10 types of tax relief.

Entrepreneurs' relief, which was introduced in 2008, cuts the tax bill on the sale of small businesses.

[vetran]

bunch of incompetents!

[TaxInspector]

Our hands are tied with the current bafoons in government. Hopefully with a UKIP influenced coalition we can get beefed up legislation.

[TaxInspector]

Might I speak for the assembled congregation and say "Feck off and die painfully hector"?

I'm sure the SS runes & death's head badge on the uniform will be much appreciated should UKIP win.

That's not very nice. Tax take is needed for a good society.
You use the NHS don't you?

[stek]

That's not very nice. Tax take is needed for a good society.
You use the NHS don't you?

We've all got BUPA, fook the NHS!

[Zero Liability]

That's not very nice. Tax take is needed for a good society.
You use the NHS don't you?

It uses us.

Might I speak for the assembled congregation and say "Feck off and die painfully hector"?

I'm sure the SS runes & death's head badge on the uniform will be much appreciated should UKIP win.

They're not the BNP. In fact, most fascists would find their free market orientation positively odious.

[barrydidit]

Oh, it's about Tax. For a moment I was worried NLyUK's première service was being discontinued.