Here's some cheery news of our expanding police state to start the day that you might have missed in the small print of the Budget:
"Under the changes, introduced in the Commons last week, taxpayers will be forced to second-guess assessments from HM Revenue & Customs inspectors and scrutinise the work of their own accountants or pay hefty penalties for mistakes.
Taxpayers will have 30 days to spot an error in a Revenue assessment or face penalties of up to 30 per cent of the amount of the unpaid tax.
The revised penalty regime, which comes into force at the start of the 2008 financial year, will also see taxpayers lose the defence that previously operated where a mistake was the fault of an accountant or tax adviser. In the past, if a taxpayer was entirely innocent, the Revenue could not apply a penalty.
The updated penalty regime applies to late or unpaid income tax, corporations tax, PAYE and VAT."
Mind you, it get better, with the news, this morning that Gordon Brown defied repeated warnings from his own officials about the potentially devastating impact of his £5 billion-a-year raid on pension funds and went ahead with it regardless.
Mr Brown announced the scrapping of tax relief on dividends paid into pension funds in his first Budget in July 1997, in the single biggest change to the pensions system in a generation.
Experts claim that the move has deprived the country’s savers of at least £100 billion over the past decade, during which Britain’s private and occupational pension system has struggled to stay afloat. The changes affected the 11 million people in Britain with company pensions and the 7 million with personal pensions.
With the great majority of the population now looking towards a retirement of stark poverty, suppose it was a good idea at the time! What do yo think?