HM Revenue & Customs (HMRC) has come under fire this week from a prominent barrister, who has criticised the taxman\u2019s \u2018unpredictable\u2019 U-turns in tax rules as \u2018arbitrary\u2019 and \u2018unfair\u2019.<\/p>\n
Lord Carlile QC said that a number of \u2018unfair\u2019 tax laws had been taking their toll on British investments, pointing toward a number of cases where tax U-turns had hit investors hard.<\/p>\n
\u201cWealthy and successful people are choosing elsewhere to invest their money, and elsewhere to live,\u201d said Lord Carlile.<\/p>\n
\u201cIndividuals have found themselves paying far more tax than expected, as a result of unheralded and unexpected changes of heart by HMRC.<\/p>\n
\u201cThe consequences are bad for the affected taxpayers, bad for the Revenue, and bad for Britain.<\/p>\n
\u201cThis is inconsistent with the reasonable ambition that the UK should be a desirable location for global business, and for personal wealth properly earned.\u201d<\/p>\n
Lord Carlile did not quote any names directly, but referred to cases highlighted in the press of late.<\/p>\n
The Barrister also claimed that funding for British films was among the victims of \u2018arbitrary\u2019 reversals in tax rules.<\/p>\n
\u201cTo retain wealth within the UK and lessen the temptation for taxpayers to move abroad, Government should intervene to leave business people with a lesser sense of being victims of an overbearing and unsympathetic revenue service,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
HM Revenue & Customs (HMRC) has come under fire this week from a prominent barrister, who has criticised the taxman\u2019s \u2018unpredictable\u2019 U-turns in tax rules as \u2018arbitrary\u2019 and \u2018unfair\u2019.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1314"}],"collection":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=1314"}],"version-history":[{"count":1,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1314\/revisions"}],"predecessor-version":[{"id":1315,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1314\/revisions\/1315"}],"wp:attachment":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=1314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=1314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=1314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}