Member Since: 2nd Aug 2012
14th Oct 2020
It does beggar belief. I hope the banks are held liable - and not the taxpayer - for such negligence and crass stupidity.
Can't they be prosecuted for aiding and abetting fraud? Surely they are guilty of breaching the Proceeds of Crime Act.
And what basic ID checks can they have done before dishing out tens of thousands to the wrong people? It is staggering.
22nd Jul 2020
Quelle surprise! They want our money earlier. Who would ever have thought it.
They could have just said this and let us/businesses decide whether to go digital or not.
16th Apr 2020
I'm confused. Will we still be able to use bridging software like Iris VAT filer after April 2021 - or not?
And I still don't see the point of MTD unless we end up paying Corporation Tax and Income Tax quarterly. Otherwise it's much ado about nothing useful.
1st Apr 2020
Yes you're right. Let them starve. That will teach them to form a company and comply with the country's tax laws.
27th Mar 2020
Talk to your bank/lenders about a loan, an overdraft, mortgage holiday, HP holiday and credit card holiday.
27th Mar 2020
This isn't a bail-out for the self employed. It is a bail out for sole traders making less than £50k/year.
The self employed who trade through companies (and sole traders making over £50k) have basically been told 'you're on your own, mate'.
And not one political journalist seems to have grasped this basic point.
I expect many one person/family companies will be using their tax monies as the bail-out and let HMRC whistle for it later in the year. And given the injustice of this bail-out, I won't blame them.
I imagine there'll be a lot of company closures and new start-ups at that point.
31st Jul 2019
Once we get beyond April 2020, there are unlikely to be many SDS's on contractors.
Rather, the SDS result will be known BEFORE the contractor accepts or rejects the contract offer.
In some areas, contractors will have to accept they have to like it or lump it. But, in areas where there is a shortage of skilled contractors, end-clients will look for ways to get an outside-IR35 verdict or risk seeing the contractor go elsewhere.
I think that, after the initial panic, end-clients will start to realise there are ways around the problem, just as contractors found out after 2000.
2nd Apr 2019
Forgive me but if someone ignores MTD for three quarters and continues to use the tried and tested Government Gateway system, do they just get three 'points' and thus no financial penalties?
25th Feb 2019
Not everyone affected is a hard-nosed tax dodger. There are actually some innocent victims. I know of a person from an African country who worked here in Social Work for councils via Agencies - on fairly low pay. Her first Agency recommended an Umbrella company which happened to be one that paid her NMW + loans. She had no idea she wasn't complying with the law.
She got shifted from one Umbrella company to another being reassured everything was fine. One of these Umbrella companies was based in Valletta - so not much chance of HMRC nailing them.
She came to see us for advice once she had the loan charge letter - and was stunned to learn she owed many thousands of pounds (which of course she doesn't have).
4th Dec 2018
If you view it as a hilarious parody of Doctor Who (as opposed to the proper Doctor Who that would go out on a Saturday) you'll enjoy it more.
I've got a bet on that they visit Harvey Milk at some point. Then I've got a full house on PC bingo.