UK tax collection agency wants all paychecks to go them first

Well, this sounds utterly terrifying:

The UK’s tax collection agency is putting forth a proposal that all employers send employee paychecks to the government, after which the government would deduct what it deems as the appropriate tax and pay the employees by bank transfer.

The proposal by Her Majesty’s Revenue and Customs (HMRC) stresses the need for employers to provide real-time information to the government so that it can monitor all payments and make a better assessment of whether the correct tax is being paid.

Currently employers withhold tax and pay the government, providing information at the end of the year, a system know as Pay as You Earn (PAYE). There is no option for those employees to refuse withholding and individually file a tax return at the end of the year.

Who even thinks this kind of idea is acceptable? The idea that the government has first crack at everything you earn is not just Orwellian, but it would massively increase the non-taxable, underground economy.

Beltway ConfidentialEnglandTaxes and SpendingUS

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

CCSF file photo
Workforce development fund to support training programs at City College

Supervisors back plans to use $500K toward economic recovery efforts through CCSF

Toilet (Shutterstock)
Table salt and poop: Testing for COVID-19 in S.F. sewage

The City’s sewers could provide an early warning of fresh outbreaks

Lakeshore Elementary School was closed in March shortly before SFUSD closed all schools due to coronavirus concerns. The district is now working to prepare all elementary schools to reopen by mid-January.<ins> (Kevin N. Hume/S.F. Examiner)</ins>
School district preparing buildings for hybrid learning

SFUSD plans to use 72 elementary schools and 12 early education sites for first phase of reopening

The installation “Alexandre Singh: A Gothic Tale” is on view at the Legion of Honor, which reopens Oct. 30 with safety protocols in place. (Courtesy Fine Arts Museums of San Francisco)
Legion of Honor reopens in time for Halloween

‘A Gothic Tale’ among exhibitions on view

Most Read