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HMRC maintains clever/dumb balance
Date: 28 November 2007
The Revenue's fortunes have been up and down over the past week, writes Tristan Young
At the risk of ripping off the Mint credit card advert it seems Her Majesty's Revenue & Customs has been maintaining its own clever/dumb balance in the past week.
All praise to the HMRC for very clearly and simply explaining how and when it is going to assess fuel-only rates (or AFR - advisory fuel rates) for company car drivers.
The Revenue has shown an almost worrying level of common sense by listening to the industry - and in particular fleet operator organisation ACFO - and reacting in a considered and controlled way.
As James Comrie, head of wholesale finance at Alliance & Leicester has suggested, perhaps this could be followed for Approved Mileage Allowance Payments (AMAP) rates. A second good idea.
But like the Mint advert says, for every clever idea there has to be a dumb idea, and losing the full records of 25 million people in the post seems to have the AFR changes well and truly balanced.
