Member Since: 25th Mar 2013
14th Jul 2021
I can confirm Tornado and Sam's comment, just had the exact same issue yesterday with a client who needed a Tax Year Overview for a mortgage. I was advised by HMRC that it had been flagged for checks, that they couldn't tell me what these checks were and that they couldn't even look at the return until October.
6th Jul 2021
I know it's old news at this point but I am still shocked when I get reminded that the solution we ended up at to the problem of large companies refusing to hire employees, ending people's PAYE employment and forcing them to serve as subcontractors was to punish the contractors themselves, make them liable for all the taxes and let the employers/large companies off completely free of any liability.
Good article though.
21st May 2021
I was told a direct tale recently by someone (Who told me it in idle chitchat before they knew I was a tax accountant).
Their friend who worked at the agent helpline had been drinking heavily the night before, woke up with a hangover and so was half an hour late logging on to their system while working from home. Making what they thought was a simple excuse to cover their [***], they told their boss that they had some issues signing in that morning.
Instead of just accepting the excuse, their boss referred the case to HMRC's IT department and the fortunate helpline agent was told that they would have to wait 3 weeks for a phone call from HMRC's internal technical support to "help solve their issue". In the meantime, they were left with no work to do so were given a free 3 week paid holiday from their job of answering phones on the helpline.
I told my acquaintance that I was a tax accountant and that it wasn't so funny when you were waiting on hold for multiple hours every week because of BS like this.
14th Apr 2021
I was not referring to the original offences for harassment.
ACCA's committee has nothing whatsoever to do with those, which clearly fall under the jurisdiction of criminal courts. The offence being ruled on here was a failure to disclose and the ruling was that he was unaware of the requirement to disclose these.
13th Apr 2021
Absolutely. I have had constant problems over the years with my clients being defrauded by people underpaying them, telling them they're reporting CIS then never filing the report with HMRC. HMRC's attitude in such cases seems to be callous disregard for the honest taxpayer. I have never understood why we can't get this information to protect our clients.
The cynic in me has always believed that the reason HMRC do not make this information available is that subbies regularly lose CIS documents and underclaim their full entitlement. If HMRC were to act honestly they would probably lose some of the unclaimed money that subbies are legally entitled to.
13th Apr 2021
A little shocking that they hit him with a £5,000 bill for a ruling which found he committed a minor offense at worst. I know they call it "costs" rather than "fines", but the reliance of the professional bodies on using people who charge such high fees for such straightforward work has a tendency to make even minor matters extremely penalizing.
2nd Mar 2021
I don't agree and I think it's easy to undersell the attractiveness of R&D tax credits. I have a client who completely shifted the research branch of quite a successful company from Dubai to the UK solely to take advantage of the R&D scheme, still in process but we're probably looking at about ten specialist jobs total moving over once all is said and done.
I know of plenty of others who have chosen to base their company in Northern Ireland rather than the Republic of Ireland solely because of the UK's more generous R&D and capital allowance reliefs to incentivize investment. These are just cases I'm personally aware of.
To be blunt, the current system isn't at fault, the problem here is that there is absolutely zero enforcement of the existing rules. I have been submitting R&D claims for years and have only ever had HMRC ask a single question about the information I have submitted. HMRC's neglect of enforcement in this sector has birthed an entire sub-industry of people who directly profit from having learned about this extremely obvious HMRC blind spot.
19th Oct 2020
Shouldn't it be targeted at AccountingWeb's actual users then? This website is geared towards the small business market in the UK. The article above and all the extra reading recommended in it deals with topics that have little to do with the UK in general since they're US-centric movements. Ferguson/Baltimore/books entirely written from a US perspective? Are these really that applicable here?
The UK has a black population but by comparison it's much smaller than the US's as a proportion of the population and the migrant movements into the UK come a lot more from ex-commonwealth countries.
Even the idea of there actually being an identifiable "Black" community is a US-centric construction that doesn't apply in any meaningful way in the UK. We don't have "African" people, we have people from Ghana, Nigeria, South Africa etc. The idea of treating peoples from half the known world as if they're a single community is nonsense as soon as you step outside the US.
29th Jul 2020
This doesn't surprise me at all. A lot of people won't be familiar with Bank of Ireland since they aren't active in mainland UK, but having dealt with them in Northern Ireland they are far and away the absolute worst bank in the country and it isn't even close.
Their online bank facilities to this day, well after open banking was supposed to be in force, are still running on a site that was designed in the early 2000s and lacks basic features such as accessing statements older than 6 months old. I had a few clients who had to seek Bounceback Loans from BoI because they were existing customers. When every other bank had applications up within 3 days, Bank of Ireland did not have application forms available until a month after this emergency funding scheme was announced. It took them another month after this delayed launch to reply to any Bounceback Loan applications.
I don't love any bank but BoI are on a whole other level.
27th Feb 2020
This entire situation is just another victory for big companies in convincing the government to make their employees eligible for the Employer's NIC they don't want to pay and the employment rights they don't want to honour. IR35 is a disgusting piece of legislation which runs roughshod over every existing piece of employment legislation.
Not at all surprised it turned out this way after HMRC's decision to pursue employees who knew nothing about tax law for the tax that should have been liable when they were told by their employers that they had to become contractors or get the sack.