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Jun 17, 2008, 08:43 AM
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Richard
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Jun 17, 2008, 08:43 AM
I love the way that the Government is restricting the number of years for which the individual taxpayer – sorry, silly me, I meant customer – can go back to reclaim tax.
HMRC say the provisions in Clause 113 and Schedule 39 of the Finance Bill 2008 are simply a matter of ‘alignment’, even though they will still be able to go back six years to charge tax if the taxpayer has been 'careless'.
Of course, if the taxpayer has been 'careless' in not claiming a tax repayment, that is another matter. He can only go back four years.
To me, this has strange echoes of the notice on Croydon’s trams a few years ago, when passengers were told that fares had been ‘rationalised’.
If I recall rightly, what this actually meant in practice was that fares had increased from 80 pence to £1.
Newspeak anyone?
To understand what’s really happening in tax go to Taxation.co.uk.
HMRC say the provisions in Clause 113 and Schedule 39 of the Finance Bill 2008 are simply a matter of ‘alignment’, even though they will still be able to go back six years to charge tax if the taxpayer has been 'careless'.
Of course, if the taxpayer has been 'careless' in not claiming a tax repayment, that is another matter. He can only go back four years.
To me, this has strange echoes of the notice on Croydon’s trams a few years ago, when passengers were told that fares had been ‘rationalised’.
If I recall rightly, what this actually meant in practice was that fares had increased from 80 pence to £1.
Newspeak anyone?
To understand what’s really happening in tax go to Taxation.co.uk.
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