RSS feed:
Categories
ARCHIVES
The taxman unfair? Surely not.

Here’s a funny story. H.M. Revenue and Customs has decided to stop paying any interest on money it owes to taxpayers (yes, there really are people who overpay the taxman). The justification is that interest rates are at an all-time low and also that people should not use the Revenue as a savings bank by overpaying in the first place.
Those of you who think this is fair enough might change your mind when you find you have miscalculated your self assessment and not paid the Revenue enough. Because, in that case, the Revenue will charge you interest at 3%. I suppose you could argue that it’s a competitive personal loan rate but then, as the Revenue would probably tell you, they’re not to be used as a lending organisation.
Remember tax evasion is wrong, but so is this kind of unfair treatment. Did I say this was a funny story? Bloody hilarious eh?
February 2, 2009 at 12:04 pm | Loans General Info | No comment
Trackback URL for this post:
http://www.personalloansmadeeasy.co.uk/loans-uk-info/loans-general-info/the-taxman-unfair-surely-not/trackback/

