HMRC Needs to Change


Summary

The video discusses entertaining excuses for late tax returns in the UK, showcasing reasons like a dead goldfish and a farmer's encounter with a cow. It highlights HMRC's struggles with outdated advertising campaigns and issues in the tax system. The declining use of checks by HMRC and challenges with uncashed checks are also explored. In addition, it covers the long call waiting times for tax advice, penalties for late filings, unclaimed tax relief opportunities, and errors in tax codes.


Late Tax Returns Excuses

A list of entertaining and genuine excuses people gave for submitting their tax returns late, including reasons like a goldfish dying and a farmer's encounter with a cow.

HMRC Advertising Campaign

Discussion on HMRC's advertising campaign and how it has failed to educate and evolve, leading to challenges in the tax system in the UK.

Decline of Check Usage

Exploration of the decline in check usage, with insights on HMRC's use of checks and issues related to uncashed checks.

HMRC Call Waiting Times

Analysis of HMRC's call waiting times and the challenges faced by individuals trying to get through for tax advice.

Late Tax Filing Penalties

Information on penalties for late tax filings, including daily fines and additional charges for delays in payment.

Unclaimed Tax Relief

Insights into unclaimed tax relief opportunities, such as marriage tax allowance and unclaimed funds for children, highlighting significant amounts left unclaimed.

Tax Code Errors

Discussion on errors found in tax codes and the importance of checking and correcting them to avoid underpaying taxes.

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