Taxation Web reports that the government is set to reduce the period in which taxpayers can claw back overpaid tax. Currently six years, a clause tucked away at the back of the Finance Bill is set to reduce the period to four years.

It goes without saying that there is no similar reduction in the time in which government can pursue taxpayers for underpaid tax.

Taxation Web notes that the people who usually end up paying too much tax are pensioners. As I noted in an earlier posting, Labour party people aren't that bothered with pensioners, so it may be that they have considered and discounted the fact that this is not actually not be very equitable.

Socialists mean something different to you and I by "fairness". To them it's something along the lines of "pay up".