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The Tax Man calls on Sunday's


Frederick

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New experience for me today. I have taken a phone call from the Inland Revenue.. A tax return was sent to them by my accountant 16th November I am awaiting their statement showing the total to be paid although I know to within a few quid . A nice young lady phoned to tell me what I owed and will I pay it now ! How long have they been calling cash in on a Sunday ?..Anybody else being chased by phone ? Are we that desperate in the UK these days they cant wait to send out a statement ? ..
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I was (until very recently) head of tax for a large bank and I was telephoned by the Revenue to ask about our likely payment profile over the next couple of years.  Likewise I have been asked for draft accounts for our offshore entities by both the Manx and CI tax authorities so they can estimate the cash tax take.  The Treasury is desperately short of cash and is calling in payments, settling disputes, and busy forecasting in an effort to cover the shortfalls.

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