Do you know how the government has spent your money? Do you think the UK government has spent your money in a fair and effective way? These are important questions which we should all know the answers to.
In January, we received a lot of calls from our clients regarding a letter they had received from HMRC. The letter, entitled ‘Your annual Tax Summary 2013-2014’, had one clear purpose: to reveal key areas of tax spending.
Why now? In 2012, Chancellor George Osborne stated that taxpayers would be given a detailed annual breakdown of how the government was spending their money. Two years later and we see 24 million UK taxpayers receiving this letter.