Re:HMRC (UK Tax Authority) Persuing Uber for £386M (~$487M) Vat
by neilwilson on Wednesday August 02, 2023 @10:22AM
(#36971309)
Except, of course, you haven't. That's not how sovereign currencies work. Especially Sterling.
There is no direct connection between UK government spending (Supply) and taxation (Ways and Means). They are completely separate asynchronous processes from start to finish.
There is no direct connection between UK government spending (Supply) and taxation (Ways and Means). They are completely separate asynchronous processes from start to finish.
[1]: https://gimms.org.uk/2021/02/21/an-accounting-model-of-the-u...