It seems that George Osborne has had a surprise and he is “shocked”!. He has discovered that the super rich do all they possibly can to avoid paying Income Tax. And, by enlarge succeed. Well, there’s a surprise. He felt so sorry for the poor darlings that to assist them he reduced the top rate of tax from 50p to 45p in the £ in the budget and financed that by increasing the tax burden on the pensioners. It brings a whole new meaning to Cameron’s “we’re all in this together” What are we all in together – some one please elucidate (politely please – I can think of the rude version myself).
This morning through the post came my Self Assessment Form from HMRC telling me that if I am as much as 24 hours late in providing the information they want, they will fine me a £100 whether, or not, I owe them any tax. Why aren’t they chasing those who avoid tax, I wonder or finding ways to close the loop holes that allow them to do so.