Rewards for Tax Inspectors who Meet Targets!
Newsletter issue - February 07.
It has been widely reported that HMRC are now offering tax inspectors incentives of up to £2000 to meet their targets. This comes at a time when HMRC are under pressure to collect more tax in line with Government targets.
The top performing inspectors can now get a bonus of 3% while those with a good performance mark get a bonus of 1.8%. This information has been made available under the Freedom of Information Act.
Whilst HMRC has said this is a distortion of what is really happening, many tax experts believe it can only make the taxman more interested in making more enquiries with some inspectors possibly over-stepping the mark.
The word accounting comes from the word accountability. If you are going to be rich, you need to be accountable for your money.
Rewards for Tax Inspectors who Meet Targets!
