Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts

Saturday, 4 September 2010

Are You One of the 5.7 Million?


It is estimated that 5.7 million people have paid the wrong tax over the last two years. It's well know that our Revenue department is inefficient but the scale of these 'errors' is mind-blowing.

More than 4 million of us can expect an early Christmas present because they overpaid the taxman £1.8 billion. Another 1.4 million will be told they have paid too little, totalling £2 billion, although they will not be expected to make it up immediately.

Next week an estimated 30,000 people are expected to be the first to receive letters containing HM Revenue and Customs refund cheques. Initially only 15,000 will be warned they have paid too little and the Revenue, in order to claim the money, will adjust their tax codes from next April. How considerate of them. The remainder of the estimated 5.7 million people who have paid the wrong tax over the last two years are due to hear from the taxman by December.

The coalition government blame the last Labour government for making the tax system more complex and failing to reform PAYE over 13 years in power. They have started a consultation on reforming the PAYE system. We all know how effective that will be don't we.

Sources said the mistakes have been uncovered through use of a computer system which matches records automatically. Tax staff had to check Revenue and employers' records by hand to see if the right amounts were paid. Last month a highly critical report by the National Audit Office said that millions of workers had been left an estimated £3 billion out of pocket, which was blamed on a new computer system which issued wrong tax codes.

If you peruse government department accounts, you will know we spend vast sums of money on IT and yet, a generation later, these offices are no more capable of using or checking their software. I say let's go back to the old system of manual calculations and stop throwing money at IT companies who are unable to produce safe and appropriate programmes.


Tuesday, 10 August 2010

No and Yes




Richard has beaten me to it with his response. Mine are no and yes (there are two questions after all!)

What am I talking about? It's this. Slipped through when the unelected think we're all off paddling at the seaside or taking a last minute look round one of our stately homes which could well be in line to be the HQ of some global conglomerate in the not too distant future.

Lord Sassoon, the Commercial Secretary, said the Treasury would block any plans. “The Government is opposed to direct taxes financing the EU budget,” he said. “The UK believes that taxation is a matter for Member States to determine at a national level and would have a veto over any plans for such taxes.”

Pathetic. I too have little faith in the coalition doing anything other than saying, "Yes sir, no sir, three bags full sir". Cameron has to keep favour with Nick, the leader of our EU fan club.

Is there nobody in power who can halt this slide to a federal Europe?
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