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Daily Telegraph Tax Guide 2012, The by David Genders

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01

You and HMRC

Ask any taxpayer the question ‘Would you like to pay less tax?’ and I imagine that, almost without exception, the answer would be ‘Yes’.

By the time you have finished reading this book I would like to think that you will have come across at least one way of saving tax, maybe:

  • another allowance or relief you can claim;
  • an expense that could be included in your business accounts; or
  • a more tax-efficient structuring of your cash savings and investments.

But, first of all, you should have an understanding of the workings of the various HM Revenue & Customs (HMRC) departments responsible for the day-to-day running of our tax system.

HMRC was launched back in 2005 following the merger of the former departments of the Inland Revenue ...

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