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Random Musing

“Genius is nothing but a greater aptitude for patience.”- Benjamin Franklin

Waspsnest’s Contributors

The Wasp
Mr Raccoon

Three million pounds – “negligible” when you are spending other people’s money …

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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