Monday 27 September 2010

I suppose it is too early to comment on Ed Miliband.

The new leader of the British Labour party, Ed Miliband, says he is not going to squeeze the country's middle class but who is going to believe him? The current coalition government seems to have a few tax-raising initiatives of its own. There is the possibility that HMRC wants to take central control of payrolls so as to deduct
income tax and national insurance and then send the remaining amount to your bank account. Is this Stalinism or Conservatism? I don't know if Tory voters knew this would be in the pipeline when they voted for David Cameron. Apparently, the HMRC wants to cut down PAYE errors with people who get multiple payments from different jobs and various pension payments. I think HMRC would need a few more staff and a bigger computer to cope.
To be fair Allister Heath puts it far better than me:
http://www.cityam.com/news-and-analysis/allister-heath/don%E2%80%99t-reward-hmrc%E2%80%99s-massive-failure

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