Member Since: 6th Feb 2007
12th Sep 2019
Controls, compliance and governance must come before performance management as these are the foundations for complete and accurate information on which to base the performance analysis and determine the required action.
No amount of management can compensate if you believe your sales are doing well when in fact they are overstated.
26th May 2017
HMRC errors are completely unacceptable. I am especially concerned about the telephone advice where there is no written record.
If the taxpayer makes an innocent mistake he may still be charged interest and penalties and if HMRC make an error it seems the taxpayer may still be charged interest and penalties.
18th Dec 2015
Likely to cost the investigatee, however innocent, just as much (£3.4k).
I've been away from tax for a long time but it was my suspicion that once they start asking questions they won't stop until something is found which may be just trivial errors. Is this correct still?
24th Jul 2015
Not joined up
I agree with Jon Griffrey. If they merged NIC with income tax (ers NIC IS just a tax) then most of these complications would fall away. Unfortunately I doubt that simplification will ever happen. Can you imagine any Government having to admit the true amount of tax it has levied on employment? Or giving up this opportunity for raising more tax virtually in secret? Then there's the fact that such consilidation may result in raised taxes on those that vote the most, wealthy pensioners.
Regarding the allowability of various travelling expenses I think there is also an argument for allowing them for some employees. Many 'temps' who are classified as employees (usually lower paid) change work location every few months. They do not have an option to move closer to their temporary employment sites. So for anyone working at a site for less than 12 months travel is an unavoidable necessary cost. Hugely expensive to HMRC of course so not happening.
1st Jul 2015
I think we have a partial answer to UK low productivity! So many people waiting on the phone to HMRC for 40 mins at a time.
19th Mar 2015
Since when has any government 'simplification' brought anything but complication?
Actually it sounds hugely complicated and anyone who trusts HMRC to get it right is deluded.
PS I like the 'average' time spent dealing with is 40 minutes. That's how long you spend waiting on one phone call.
2nd Oct 2014
Who was auditing?
Who was auditing Balfour Beatty or has the black hole just popped up this financial year?
11th Apr 2014
jltbanus - NIC is not an insurance. Successive governments have reduced income tax and increased NIC. These contributions go into the general tax pot; and they are regressive on the employee and a jobs tax on the employer.
That huge amounts of tax are now called 'NIC' is leading to more and more complications,I'm assuming the proposals about LLP partners are motivated by this.
NIC on employers is also a hidden tax, very few employees realise their employees pay 13.8% on their salaries. This gives a huge incentive to politicians to keep increasing this percentage (as they have done). Those who say it would be politically difficult to combine NIC with income tax are effectively agreeing that people would be horrified if they understood how much they are REALLY taxed on their salaries.
22nd Mar 2013
Has anyone asked about the accountant? Is he a member of a recognised Institute, in which case he should be reported to that Institute. If a member of an Institute he should hold some form of professional indemnity insurance, is it possible a claim can be made against that for losses incurred?
28th Aug 2012
Romney's tax affairs probably just prove that he can afford to PAY another smart person to manage his tax.