You know, of course, that we\’ve The One who tells us that all we need to fill the deficit, all we need to do to make the nasty there is no money tree problems go away, is to hire more taxmen and point them at all those nasty tax dodgers.
That he\’s paid by the taxmens\’ union is of no matter for of course he is The One.
An internal review of HM Revenue & Customs\’ \’Business Records Checks\’ initiative found that it had been poorly targeted, overstated how much it would collect for the Treasury and damaged the taxman\’s relationship with accountants and business groups.
Oh. It would appear that it\’s not all quite that simple.
The review also slashes HMRC\’s projection of how much the initiative will collect for the Treasury over four years from £600m to £124m.
It really isn\’t. And that\’s without counting the loss of the time the businesses themselves are answering HMRC questions instead of actually doing something.
As I\’ve pointed out before, there\’s an acceptable level of tax dodging. A level which it really isn\’t worth trying to stamp out. Not that The One agrees with me, but then I\’m not paid by the taxmans\’ union either.