Watch out, watch out, the taxman’s about

According to recent reports tax inspectors are being offered financial incentives, of up to £2,000, to encourage them to collect more tax.

According to a recent article in the Timesonline, tax compliance teams throughout the country have been told to increase the amount of tax that they recover, by one quarter in 2007.

The fear with this results related bonus system approach by HMRC is that this will lead to more investigations, which in turn may lead to unreasonable and protracted enquiries from inspectors under pressure to perform.

Yes, everyone should pay the right amount of tax, of that there can be no doubt, but, is this really the way to ‘build a strong economy’, one of Gordon Browns aims when he delivered his pre-budget report at the later end of 2006.

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