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Author Topic: UK Proposes All Paychecks Go to the State First  (Read 778 times)

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Offline Chris_

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UK Proposes All Paychecks Go to the State First
« on: September 20, 2010, 01:19:18 PM »
Quote
The UK's tax collection agency is putting forth a proposal that all employers send employee paychecks to the government, after which the government would deduct what it deems as the appropriate tax and pay the employees by bank transfer.

The proposal by Her Majesty's Revenue and Customs (HMRC) stresses the need for employers to provide real-time information to the government so that it can monitor all payments and make a better assessment of whether the correct tax is being paid.

Currently employers withhold tax and pay the government, providing information at the end of the year, a system know as Pay as You Earn (PAYE). There is no option for those employees to refuse withholding and individually file a tax return at the end of the year.

If the real-time information plan works, it further proposes that employers hand over employee salaries to the government first.
CNBC

Don't give the Democrats any new ideas. :bird:
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Offline njpines

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Re: UK Proposes All Paychecks Go to the State First
« Reply #1 on: September 20, 2010, 01:23:11 PM »
BRILLIANT!!

/sarc
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Offline Duke Nukum

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Re: UK Proposes All Paychecks Go to the State First
« Reply #2 on: September 20, 2010, 01:27:24 PM »
Sounds like a water empire.  This will certainly take some pressure off of the health service as the tax collection agency can easily starve the subjects, thus cuttings costs.
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Offline bijou

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Re: UK Proposes All Paychecks Go to the State First
« Reply #3 on: September 20, 2010, 01:28:02 PM »
Bit of a misleading headline by CNBC


Quote
...The idea, included in a discussion paper on improving the operation of PAYE, ...
http://www.guardian.co.uk/money/2010/sep/20/hmrc-centralising-tax-system
Even the lefties at the Guardian don't like the idea.
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Offline DumbAss Tanker

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Re: UK Proposes All Paychecks Go to the State First
« Reply #4 on: September 20, 2010, 01:57:27 PM »
I'd love to see Obama propose that here.  It'd be at least thirty years before there'd be another Democrat in the White House if he did.

 :popcorn:
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Offline thundley4

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Re: UK Proposes All Paychecks Go to the State First
« Reply #5 on: September 20, 2010, 02:54:23 PM »
WTF? Most people already overpay the the IRS and get refunds.  If they did this honestly, which is doubtful, government theft from pay checks would be curtailed by quite a bit.
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Offline Freeper

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Re: UK Proposes All Paychecks Go to the State First
« Reply #6 on: September 20, 2010, 05:05:12 PM »
Hey I am sure Obama loves this idea.
take our paychecks and dole out an allowance. 
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Offline NHSparky

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Re: UK Proposes All Paychecks Go to the State First
« Reply #7 on: September 20, 2010, 06:29:24 PM »
Powder dry, people.
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Offline formerlurker

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Re: UK Proposes All Paychecks Go to the State First
« Reply #8 on: September 20, 2010, 06:31:13 PM »
Oh. My. God.   

Tea Party.  Think about it UK.   

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Offline NHSparky

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Re: UK Proposes All Paychecks Go to the State First
« Reply #9 on: September 20, 2010, 06:32:31 PM »
Quote from: formerlurker on September 20, 2010, 06:31:13 PM
Oh. My. God.   

Tea Party.  Think about it UK.   



Hell, I suggested we pay too much in taxes here and I was called a racist on FB.
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Offline MrsSmith

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Re: UK Proposes All Paychecks Go to the State First
« Reply #10 on: September 20, 2010, 06:33:55 PM »
I wonder how many more government employees this would require?   :banghead: :banghead:
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Offline JohnnyReb

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Re: UK Proposes All Paychecks Go to the State First
« Reply #11 on: September 20, 2010, 06:52:03 PM »
All your paychecks belonga us...we'll let you know how much credit you have at the government store.

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Offline true_blood

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Re: UK Proposes All Paychecks Go to the State First
« Reply #12 on: September 20, 2010, 08:59:28 PM »
WOW!!! Chavez lives in the UK now?!?
I can only imagine the people's reactions upon hearing that from the UK gubberment.
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Offline 5412

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Re: UK Proposes All Paychecks Go to the State First
« Reply #13 on: September 21, 2010, 08:17:29 PM »
Hi,

Wonder how long it will be before Pelosi wants to do this???

What a crock!

regards,
5412

http://www.cnbc.com/id/39265847
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