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I feel it necessary to congratulate my colleague.
Great article - and that iStock image! Cheers, Tom.
Application form please
I would like to join the team, please HMRC. I will gladly examine the assets and probe into all potential wrongdoers in the sector.
@ Mr Mischief
If you need someone to witness any dancers you are checking out give me shout.
puns in the title and in the first sentence
defo in the christmas spirit
I don't think HMRC need any help from you two !
Benefits in kind
I wonder if the hmrc officers in the task force will get to make test purchases? Might need to go on their p11d.
"Assets of Strippers"
Would these be counted as tangible fixed assets and if so should they be brought into the business at market value?
Organised crime
Will that include checking the tax affairs of organised crime, drug traffickers, terrorists, human traffickers, money launderers, etc?
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I am afraid Tom has fallen for the HMRC spin.
It is not at all "for the first time" HMRC have gone after this sector. It used to be a common one to target,v its just HMRC largely stopped doing tax investigations for small businesses full stop.
My understanding is that run of the mill sex workers do pay their taxes, indeed most accountants will have a client, or at least been approached by one, who is a "dancer" or some other euphamism, albeit maybe not the ones who snigger at the back of class about it.
Similarly if you deal with online retail to any degree you will struggle not to have at least one client with an adult themed site on your books, or at least been offered to quote on it.
No idea about taskforce
No idea about a taskforce but I do vaguely recall, many years ago, reading a news story about one of HMRC's inspectors who "helped" a lady with her tax affairs in exchange for her "helping" him with other matters.
Cannot recall the exact outcome/ names but think he ended up on a diet of oatmeal.
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@tom it will no doubt be the first time the taskforce has been used, but thats only because they are a new idea.
seamstress...
Back in the late 1980s when I was a fairly new Inspector, my office decided to go after sex workers, helped by a couple of police constables who had lists of names and addresses. Apparently the police thought it might make the workers move on elsewhere if the tax man came after them.
Anyway about 6 months later the female police constable ended up in a double-page spread in the NoW in her underwear having swapped careers when she saw how much money she could make as a sex worker.
Those sex workers who did return their income often described themselves in their tax returns as "seamstresses"
They should inspect the bouncers ......
...... I mean the doormen at clubs that demand cash from the girls for "protection services". I acted for a number of such girls in the past and they all complained of how much was taken from them in this way.
I think most of the comments are missing the point. Potentially loads of new clients looking for accountants and before anyone says anything, I mean looking for accountants as accountants and not clients so get busy signing them up before some other accountant does.