• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Crackdown on avoidance raises £23bn - huh?

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    Crackdown on avoidance raises £23bn - huh?

    Have we done this?
    BBC News - HMRC crackdown yields record £23.9bn in additional tax

    How does a crackdown on avoidance lead to £23bn in additional revenue? The article says HMRC has simply collected taxes that were due

    #2
    Because of the way that they calculate £23bn.

    A large chunk of it is make believe - it is a guess of how much extra companies / people are paying now because they have been scared into making changes in their tax affairs because of legislative changes.

    In the same way that HMRC can "prove" that IR35 makes £500million a year because some people have chosen the umbrella route (with no evidence to support that number), HMRC can do the same to show that the anti-tax avoidance measures brought in by Osborne are really, really successful (even if they aren't, and the UK is quite good at tax avoidance measures)
    Best Forum Advisor 2014
    Work in the public sector? You can read my FAQ here
    Click here to get 15% off your first year's IPSE membership

    Comment


      #3
      It's the spending that the government really needs to get to grips it doesn't matter how much you raise if you're constantly overspending, like TheFaQQer said it's all make believe.
      In Scooter we trust

      Comment


        #4
        Next months fiction is presumably that we're fighting deflation
        Socialism is inseparably interwoven with totalitarianism and the abject worship of the state.

        No Socialist Government conducting the entire life and industry of the country could afford to allow free, sharp, or violently-worded expressions of public discontent.

        Comment


          #5
          I read earlier that the figure includes tax they hope to recover in the future as a result of current investigations, not just tax they've actually collected to date. Don't have a source unfortunately.

          Comment

          Working...
          X