http://newsbiscuit.com/forum/topic.php?id=11688 The NewsBiscuit Community en-US Mon, 20 May 2013 19:57:12 +0000 http://bbpress.org/?v=1.0.2 q http://newsbiscuit.com/forum/search.php http://newsbiscuit.com/forum/topic.php?id=11688#post-31993 Sun, 05 Sep 2010 06:36:28 +0000 Hunter F. Thompson 31993@http://newsbiscuit.com/forum/ <p>Having filed an exclusive report on this simple and elegant solution to the tax imbroglio, the page is now haunted by solicitations to "Enroll Today" and the London School of Business &amp; Finance. I'm tempted... </p> http://newsbiscuit.com/forum/topic.php?id=11688#post-31992 Sun, 05 Sep 2010 05:56:09 +0000 Hunter F. Thompson 31992@http://newsbiscuit.com/forum/ <p>NEWSBISCUIT has learned from private sources that, taken aback by public outrage at the department's incompetence, HMRC is preparing to announce that it will not - after all - collect underpayments or make any refunds, but intends to balance its books internally by offsetting errors in its computing of individual taxes against each other. </p> <p>The accounting exercise would theoretically create a negative balance in favour of approximately 2 million British taxpayers, but correcting HMRC's mistakes would cost almost as much again as the refunds it now intends not to make.</p> <p>Taxpayers wishing to obtain redress are referred to HMRC Regulation Section (C)(a)_ivv. Paragraph 55(d) of the Internal Revenue Code dated 10 December 2010, presently being drafted by C. T. O'Paighnts Associates, Consultants. It is thought that means are to be developped for taxpayers to claim refunds from each other, thus saving administrative costs and, ultimately, avoiding future tax increases. </p>