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SarahBell

Hurry Up And Sell - D For Death

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http://news.bbc.co.uk/1/hi/business/8202770.stm

Bereaved families will have to pay 3% interest on late payments of inheritance tax from next month, HM Revenue and Customs has confirmed

The interest HMRC pays on refunds will be pegged at one percentage point below the Bank's rate, but this will not go beneath a floor of 0.5%. {Does this indicate rates aint going up, or is it just a stupid rule?}

Susie Squire, political director of the Taxpayers' Alliance, said the [rich] public would be angry at the changes, which she described as "unjustifiable".

"It's a desperate move and a seriously retrograde step for the government," she said.

"It's basically one rule for them and another for everyone else."

She said the decision was "more about political point-scoring rather than raising any significant revenue" and added it was "feeding the government's addiction to debt, tax and spend".

Bold is my amendment.

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The only certainties in life are death and taxes, this is just the logical amalgamation of the two. It won't raise any money of course, but that's besides the point when it comes to NuLabour, it's all about envy and doing what they think will please tabloid newspaper editors.

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