In his autumn statement the Chancellor was very bullish about the number of new businesses created. But Simon Sweetman is not quite so optimistic.
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.
How would you like to carry on a trade here in the UK and pay no tax on it? Like, legitimately, not just by forgetting to tell HMRC about it, asks Simon Sweetman.
George Osborne, they say, is considering charging capital gains tax (CGT) on the sale of UK owned assets (particularly real estate) by non-residents, says Simon Sweetman.
Hundreds of thousands of families losing child benefit payments this year need to "get off their backsides" and fill in extra forms to avoid being fined by the taxman, the head of HMRC has said.
None of us can of course be truly free until the last landlord is strangled with the guts of the last priest, but that looks a little way off yet, so perhaps some interim measure is called for, says Simon Sweetman.
In 1989 I left the Inland Revenue and went to work as taxation manager for Scrutton Goodchild & Sanderson in Ipswich, explains Simon Sweetman.
It’s more than a year now since Dave Hartnett (and Stephen Banyard and Mike Eland and Naomi Ferguson) left HMRC. So who’s minding the shop now and where’s the expertise (and has life got any better in the HMRC gulag?) asks Simon Sweetman.
It’s August so time for reflection, says Simon Sweetman.
As Woody Guthrie said:
I accept that my view may be regarded as left wing politically (though to some of the critics Genghis Khan would have seemed at best a soppy liberal), but I offer here a number of facts, says Simon Sweetman.
Simon Sweetman gets to grips with the implications of the UKIP leader's tax affairs.