One other interesting thing Geoff Lloyd said, and this may be a trend noted by those dealing with the taxman before (to whom I apologise for boring them), was his reference to HMRC’s ‘customers’, i.e. taxpayers, and HMRC’s ‘products’, i.e. taxes.
The suggestion that taxes might be just products opens up an interesting thought. Is it a case of ‘Hmm, I don’t think I’ll buy this product, I’ll have that one’? If so, can we have sale times, when the products go cheap?
If I was given the choice, I have to say I think I’d opt for VAT rather than any other tax – you don’t notice it so much as a direct tax.
Or perhaps through a good tax adviser I can opt for not buying any of HMRC’s products at all? Does the taxman have a view on that, I wonder?
The taxman was particularly indignant about the idea recently that M&S might ‘shop around’ the EU for tax reliefs in the group relief case. Clearly the consumer lingo only takes it so far.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states