The Nihilistic view wrote:The Free Joy State wrote:Not to mention never collecting on that £35 billion tax gap, with big businesses underpaying by £7.7 billion (up from £7.2 billion the year before) and small business underpaying by £14 billion (up from £12.3 billion in a year). There is a £12.5 billion shortfall on VAT alone (up 13% in one year).*
*Figures for 2019. 2020's figures are not out yet. Given this government's obvious preference for the economy -- signalled by the rapid opening of the nation, despite scientists' warnings against it -- I personally anticipate similar figures, if not another increase.
Presumably that means money not collected by the deadlines when it should have been right? You will never close that gap, for a start if a business is in the process of going bust it won't pay those taxes on time in the hope they get space to carry on trading and turn things around. Sometimes people pay late on purpose and pay when they get chased up and sometimes people forget and pay when they get chased.
I laugh at one point though, Making tax digital. Its worse than the old system honestly. My last VAT quarter my accounting software decided the government website was potentially malicious and wouldn't connect.
Thats just one of the problems I've had. Never had a problem with the old system.
It is malicious. It's a statist scam to take your money.