Wtf

Saw this on Bloomberg too. Interesting how this has been in the US media for at least a day but not seen it anywhere in the UK yet.......?
 
What could possibly go wrong?
I would be on the phone to my MP so fast ...
 
Para 2.1 of the consultation doc: "The Government is committed to improving the competitiveness of the UK’s tax system."

Someone in HMRC has a sense of humour.

There is no way that employers will ever have to pay wages gross to HMRC.

Someone had a real good laugh putting this together.
 
Can't see it personally. Seems extremely unlikely.
Then again I never thought we'd have a coalition government headed by a snotty cnut and a salesman/motivational speaker in partnership.
Sky's the limit I say.
 
Fantastic IDEA! (y)

Kill all effing tax evasion in a single stroke...

Get rid of benefit scroungers too.

What's the problem - I don't see it???


Hyper efficient taxation system at source.
 
The total inability to administer large computerised systems.

The fact that any mistake (which would happen) would take months to be addressed

A perfect singular target for hackers which would get in and cause chaos


Paul

I'm surprised with this response coming from you Paul... I thought you were really into the technology revolution...

How is it that aeroplanes, traffic lights, radar - in fact financial systems turning billions work fine and payrol should not.

70m records all linked with a NI number is certainly doable. Unlike the NHS records will not need to be maintained for a life time. Probably no longer than 7 years.

Hackers will always try and there will always be security. No different to online bank systems.

Administering the system will be much easier than what it is now... Think of all the employers / employees and tax returns and coding that has to be done and the mail that goes to and fro... Current system is an administrative headache with mass delays.

It will be better - faster and less costly. Get rid of illegal immigrants too.

ABSOLUTELY FANTASTIC IDEA (y)


I just hope we don't have a power cut... :cheesy:
 
lol!

this MUST have been written by some bored journalist with a quota of stories to publish - resulting in making something up for shock value.

anyway, what would they do for those who are self employed?
the real tax evaders don't go through the paye system i will tell you that!!

i do think however that going after tax evaders will be more fruitful and bring higher return than chasing single mums on welfare who may do a bit of cash in hand cleaning on the side to feed their kids.
 
I think you jest, sir

Not at all. I am serious. I have always felt we need to raise taxation in the UK.

To pay for services and ease off pressure on inflation to maintain low interest rates by reducing aggregate demand. Regular bloggers will know my view point.

This premise of reducing taxation is a waste of time. We have hidden cultivated tax which hits the poor and lets off the rich who can afford to avoid it. Legalised evasion with off-shore accounts.
 
I'm surprised with this response coming from you Paul... I thought you were really into the technology revolution...

How is it that aeroplanes, traffic lights, radar - in fact financial systems turning billions work fine and payrol should not.

70m records all linked with a NI number is certainly doable. Unlike the NHS records will not need to be maintained for a life time. Probably no longer than 7 years.

Hackers will always try and there will always be security. No different to online bank systems.

Administering the system will be much easier than what it is now... Think of all the employers / employees and tax returns and coding that has to be done and the mail that goes to and fro... Current system is an administrative headache with mass delays.

It will be better - faster and less costly. Get rid of illegal immigrants too.

ABSOLUTELY FANTASTIC IDEA (y)


I just hope we don't have a power cut... :cheesy:

sorry, but thats b0ll0x!

the papers are full with stories on how hmrc managed to under tax half the population and are now going to demand it back!

imagine the state of the economy when some typical low life civil 'i dont give a sh1t because ive got a job for life' servant screws up the system and no one gets paid because the software took out too much tax. meanwhile, that very same low life civil servant decides to take 3 weeks off sick, because he cant handle the stress of clearing up his mess.

i dont like civil servants very much as you can tell. nurses & firemen are ok, but the office civil servant in the monolith of government are worse than dole scroungers in my opinion. they take more money, dont do a good job, strike, lazy, etc.

just thought id let you know that. (n)
 
Not at all. I am serious. I have always felt we need to raise taxation in the UK.

To pay for services and ease off pressure on inflation to maintain low interest rates by reducing aggregate demand. Regular bloggers will know my view point.

This premise of reducing taxation is a waste of time. We have hidden cultivated tax which hits the poor and lets off the rich who can afford to avoid it. Legalised evasion with off-shore accounts.

what services?

filthy hospitals?
schools in disrepair?
tube strikes?
soaring crime rates?

privatisation is the answer i tell you. sack all the jobs worth civil servants who live by their health & safety code. they can reapply for their old jobs in the private sector if they wish, but i guess they wouldnt last 5 minutes in an organisation that is driven by profit rather than idleness and strikes if they cant get their selfish greedy way.
:idea::clap:
 
what services?

filthy hospitals?
schools in disrepair?
tube strikes?
soaring crime rates?

privatisation is the answer i tell you. sack all the jobs worth civil servants who live by their health & safety code. they can reapply for their old jobs in the private sector if they wish, but i guess they wouldnt last 5 minutes in an organisation that is driven by profit rather than idleness and strikes if they cant get their selfish greedy way.
:idea::clap:


I guess you want a 5 star service for 10% tax rate... You get what you pay for.

Nurses and most civil servants are lowest paid people around.

People who work for the council get peanuts too.

Obviously there are a few so called elite managers who get the cream but along with higher taxation I would make public knowledge the salary of every civil servant in what is termed open government.

The whole system has been run down and every body is out for what they can get. Legacy of individualism which doesn't work.

I'm alright Jack you mind your own back. The whole fabric of society is braking down. Pay a man a decent wage and he will take pride in his work. I was amazed to hear that twat who ran the Harringey Council with the baby P incident was on £130K a year doing eff all whilst people on the front line get no resources or time and earn £16-£24K.

There is a problem with fat cat and rewarding mismanagement in the UK but don't confuse it with the under-payed mass of people in public service who do good work under much pressure. Not like having tea and biscuits served on a silver tray sitting through bleeding meetings all day.
 
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Lord Turner trying to save his bacon...

Financial crisis 'not due to bonuses alone'

This is the stinking elite of the country who like to **** things up and then blame the unions for asking for a fair wage...

Paradox of life...

Look mate, views like this really **** me off. Well, to be honest it's not your view specifically, but that you don't seem to have the feintest idea of what it is to implement intelligent argument.

Albeit, your view exaccerbates matters.

If you give a guy a job that is rewarded by the number of mortgages he sells, then he is going to sell mortgages to anyone who will buy them. Human nature.

If you give someone a cushy office job, with little threat of losing it, then they are increasingly going to do less and less until they reach the minimum level of output that will keep them the job. Human nature.

To say that one side of the fence is better or worse than the other is just plain lunacy. Really, you embarass yourself by touting such a position. What the **** is Bob Crow, eh? A well rounded individual?

And you can VOTE!?
 
Not at all. I am serious. I have always felt we need to raise taxation in the UK.

To pay for services and ease off pressure on inflation to maintain low interest rates by reducing aggregate demand. Regular bloggers will know my view point.

This premise of reducing taxation is a waste of time. We have hidden cultivated tax which hits the poor and lets off the rich who can afford to avoid it. Legalised evasion with off-shore accounts.

Fair enough. That's your view on another issue (appropriate level of taxation).

On the original issue (govt taking custody of all payments to employees). There is no chance of that getting through, ever. The idea is comic, but the fact that tax revenue pays the salary of the prankster who drafted it, is not.
 
sorry, but thats b0ll0x!

the papers are full with stories on how hmrc managed to under tax half the population and are now going to demand it back!

imagine the state of the economy when some typical low life civil 'i dont give a sh1t because ive got a job for life' servant screws up the system and no one gets paid because the software took out too much tax. meanwhile, that very same low life civil servant decides to take 3 weeks off sick, because he cant handle the stress of clearing up his mess.

i dont like civil servants very much as you can tell. nurses & firemen are ok, but the office civil servant in the monolith of government are worse than dole scroungers in my opinion. they take more money, dont do a good job, strike, lazy, etc.

just thought id let you know that. (n)

Nurse and firemen are only OK ??? The people who are responsible for saving peoples lives, also police services.......what about teachers... apparently responsible for teaching the future of the country ....you probably don't like them either ? Army ?

Yeah those civil servants are real low lives......after all they caused the mess we're all in did'nt they..with their unions, low working hours, decent holidays, good working conditions....hold on, this hatred seems like something familiar..a base human emotion ....what is it again ?
 
Look mate, views like this really **** me off. Well, to be honest it's not your view specifically, but that you don't seem to have the feintest idea of what it is to implement intelligent argument.

Albeit, your view exaccerbates matters.

If you give a guy a job that is rewarded by the number of mortgages he sells, then he is going to sell mortgages to anyone who will buy them. Human nature.

If you give someone a cushy office job, with little threat of losing it, then they are increasingly going to do less and less until they reach the minimum level of output that will keep them the job. Human nature.

To say that one side of the fence is better or worse than the other is just plain lunacy. Really, you embarass yourself by touting such a position. What the **** is Bob Crow, eh? A well rounded individual?

And you can VOTE!?


Look mate, views like this really **** me off.


He said "ill-designed policy" had been "a more powerful force for harm than individual greed or error".

"Absurd bonuses for excessive risk taking" and "an explosion of exotic socially useless product development" had been causes of the crisis, Lord Turner said.

However he pointed to financial regulation which had failed to recognise and address the dangers.

And he said that taxpayers should never again have to bail out financial institutions which are deemed "too big too fail" and that other measures were needed to deal with big, important, struggling banks.


1. Who the **** designed these policies in the first place?
2. Why didn't he speak out against the "explosion of exotic socially useless product development" in the first place???

3. Most importantly - why should tax payers bail out these big ****ing banks with shareholders. It should be the SHAREHOLDERS who pay.

4. Why don't the banks pay back what they have taken first before dishing out big bonuses? (Barclays can be excluded if they didn't take money from the Government)


I know as the tax payer - when I'm being fleeced. Please spare me the BS about "you don't seem to have the feintest idea". Nobody is asking for your dosh are they. Just tax payers money back.

Cutting the low paid public service jobs will only lead to more misery and the break down of the social fabric coupled with increased social costs. All very well saying go out and get a job but most of the big corporations sending jobs abroad to India and China.

You need to look beyond your stuffy nose mate. ;)
 
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