Tax Rip Off ?

[Bomber]

I don't think so. You should know within 4 years if you've paid too much tax. Plus the accountants should have worked out you've over paid well b4 4 years. Efficiency - More government departments need to be brought up to speed to save costs, they'll probably increase the taxes tho??

[sidknows]

'If you have paid too much tax, for any reason, you are entitled to claim it back, plus interest. Under current tax rules, you can go back up to six years. But this time limit may be cut to four years if a bill currently going through parliament is passed.

As an obscure part of the finance bill 2008, the proposed reduction has been around for some time. It is only now that it is being more closely examined. In essence it will mean that tax rightfully due to individuals could be cut by a third.'


Should the various accountancy institutes not lodge some sort of appeal against this legislation