Oliver Letwin the other day returned to the theme of a flat tax. Why not, he cried, have a single rate of income tax to match the single rate of corporation tax? Calculations say a flat rate of 31% should do the trick.
Simon Sweetman's Blog
Simon Sweetman was an inspector of taxes for 18 years. He left the Inland Revenue in 1989 to join Chartered Accountants Scrutton Goodchild & Sanderson, later part of Scrutton Bland, where he was successively a senior manager and later a partner. He has been an independent consultant since 2001. He is a former member of the tax policy unit of the Federation of Small Businesses and the small business working group of the Chartered Institute of Taxation.
The recent unmasking by the Times of a grubby list of celebrities who subscribed to various cunning plans for tax avoidance leads above all to the question, “Why is tax avoidance not cool any more
At quarter final stage one might presume to pick a winner. So (given the sad demise of that great expert, Paul the Octopus), bring out your baby pandas and your winsome puppies, says Simon Sweetman.
Tax collection has always been a contentious and difficult matter.
In November last year the Chancellor asked the OTS to report on the competitiveness of the UK tax system, explains Simon Sweetman.
The word is out again, with calls for the tax system to be altered so that taxpayers can understand it: A simple (not to say simple-minded) request.
…and worry about something else instead.
So now we are told by the VAT tribunal that bridge is not a sport, a decision which gives intense joy to hair-splitters everywhere such as they have not experienced since the great Jaffa Cake wars, says Simon Sweetman.
HMRC has announced that a specialised telephone service and mobile face-to-face visits for those who need extra support in dealing with their tax affairs will soon be available nationwide following a seven-month pilot, explains Simon Sweetman.
A young lad came to my door this week carrying a bag of overpriced household articles, explains Simon Sweetman.