A brief insight into the Government’s view of other people’s money – an excerpt from a paper by HM Treasury on a new tax on gaming machines (page 4 HERE if you are bored – opens pdf) :
It also meant that the total impact on Exchequer revenues across the two rates is “negligible” 5.
What, you ask, is negligible to our masters?
Well, here is footnote number 5 :
5 Where a costing is less than £3m in absolute value, the costing is deemed to negligible and presented as ‘neg’ rather than showing a numerical value.
If only I could class my outgoings of less than £3 million as not worth recording!
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