HMRC has commissioned a report into Business Record Checks (BRCs) and attitudes towards record keeping. That seems to make sense.
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 High Income Tax Benefit Charge (HITBC) has led to problems, with many people who appear to be liable to it now being challenged by HMRC, says Simon Sweetman.
One recent response to a piece on AccountingWEB said The Office of Tax Simplification has a very poor record in relation to everything it touches and quite simply is not fit for purpose.
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.
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.