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Imagine you were the accountant for the PM or Chancellor

Imagine you were the accountant for the PM or...

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What personal tax advice would you have given to Cameron, Osborne, Corbyn (now that you have seen their personal tax returns)?

RM

Replies (14)

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Man of Kent
By Kent accountant
11th Apr 2016 18:07

Corbyn

Have you lost your tax return again?

Do you need me to send you (another) copy?

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By craig preece
11th Apr 2016 18:17

Corbyn

Tax Returns are due by 31 January and paper ones by 31 October (it was signed 6th Feb!)

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Replying to Wanderer:
Out of my mind
By runningmate
11th Apr 2016 18:28

Deadline

craig preece wrote:

Tax Returns are due by 31 January and paper ones by 31 October (it was signed 6th Feb!)

I think in his case the paper return was due by 31 January.

RM

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By craig preece
11th Apr 2016 18:33

Osbourne

I would have given him the 10% tax treated as having been paid on his dividends for a start. Tax "paid" £72,210 - tax charge I think is the terminology you are after, tax paid should be about £4,961 less than this.

Is your wife an additional rate taxpayer?

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.
By pacta
11th Apr 2016 18:54

Corbyn

I think Corbyn was too tight to pay for an accountant. His (late) tax return seems to be void of information. I hope he publishes his compliance enquiry documents in due course!

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Replying to MESSIAH:
RLI
By lionofludesch
11th Apr 2016 19:02

Government Policy

pacta wrote:

I think Corbyn was too tight to pay for an accountant. His (late) tax return seems to be void of information. I hope he publishes his compliance enquiry documents in due course!

It's official Government policy that no one needs one any more.

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Glenn Martin
By Glenn Martin
11th Apr 2016 20:43

Tax wise policy
I would be advising them to make sure they have a tax wise policy in place as they could well be getting a tug by HMRC in coming months.

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By SteveHa
12th Apr 2016 10:03

I wouldn't, instead I'd have the conversation I find myself having often with clients about how bad the tax system is in this country and how detached from reality the leadership is. (Some of our clients tend to use rather more colourful language).

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Time for change
By Time for change
12th Apr 2016 16:14

Slightly offbeat, but related to the theme -

in the eyes of Sir Alan Duncan I'm one of life's "underachievers". I know my place.

I wonder is this supercilious t**T is related to the other supercilious t**t over the pond?

Must have made an impression somewhere along the way and, being "awarded" a knighthood, probably been in the right place, at the right time.

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Out of my mind
By runningmate
13th Apr 2016 09:26

Perhaps Mr Corbyn needs the advice of an accountant to assist him to ensure that all relevant income is accurately recorded on his return!

RM

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By Tomazaan
13th Apr 2016 11:25

Daily Mail test

My first husband was a very, very minor celebrity.  When we started going out together he told me that there were good bits and bad bits arising from this but never, ever do something if you would mind seeing details of it splashed across the front page of the Daily Mail. 

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By peterlashmar
13th Apr 2016 11:56

Senior Government officers MUST submit a Tax Return on paper so the filing deadline is 31 January. That is because the on-line system is so vulnerable to hacking!!!  I believe that applies to all Members of the Privy Council although Corbyn was refusing to join!

I would much rather be accountant to Mrs Cameron or Mrs Osborne or both?

 

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By jon_1984
13th Apr 2016 12:23

I would advise

They simply ring HMRC helplines with the rough details and let the dedicated, well trained staff assist them in calculating the tax due, and just pay whatever figure they are given.... no need to employ an accountant...or question anything as it will be correct!

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By rememberscarborough
22nd Apr 2016 11:28

I've got to say I wouldn't mind being a fly on the wall when the tax man comes to visit....

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