Member Since: 19th Nov 2002
6th Jun 2018
I think you'll find the idea of "the valley" seeped into the popular consciousness long before 1996. If I remember rightly, the plot for the Bond film A view to a Kill from the mid 80's involved the villain trying to trigger an earthquake to destroy silicon valley, so it had been in the popular consciousness a good 10-15 years before.
14th May 2018
Not at all, Andy. A few years ago when HMRC were seeking to get everyone to file PAYE returns electronically, they offered a PAYE incentive scheme "carrot" over 5 years to encourage employers to do it. Many employers did so (and I'm not talking about those who abused the system and deliberately tried to setup loads of spurious companies to try and claim the incentive payments)
A similar system would actually make a lot of sense now, as MTD is a far greater change to the tax world than electronic PAYE filing ever was. If they would offer it on a voluntary basis, with more of a "carrot" than all the "sticks" currently being beaten, then it would be far more likely to have better take up and with early resolution of any problems.
A gradual transition period over 5 years or so would help all sides achieve a workable system and would benefit taxpayers, businesses, accountants and indeed HMRC.
11th May 2018
Much as I respect Rebecca Benneyworth, as I have greatly benefited from many courses that she has run, I still think she is wrong on this.
She says “When MTD comes, I will be ready because I will have access to all my clients’ records.” That's all very well but MTD is still all based on the idea of self employed people and landlords being compelled to use digital software themselves, entering all the information and submitting their returns (sorry updates) themselves.
As far as I can see, HMRC have not moved on this and this is why, as John Jenkins says, mandatory MTD will not work.
HMRC need to recognise that they have to work with accountants and tax advisers in bringing this project in on a voluntary basis over a number of years and removing all the silly mandation nonsense.
Will they work with us? Sadly, I very much doubt it at the moment.
17th Apr 2018
3 cheers for Brexit, then
22nd Mar 2018
Three words... Numerica, Vantis, Tenon
8th Mar 2018
There will always be winners and losers in the retail market. Maplin is a specialist niche store but this has struggled just as much as the larger stores. I suspect because it wasn't "techie" enough for the real geeks and too "techie" for the casual shoppers.
Woolworths was another big casualty a few years ago, but they were overcharging in a lot of their product areas, especially CDs/DVDs. Interestingly, Wilko seem to have positioned themselves into the space vacated by Woolworths.
I personally would not be too surprised to see W H Smith in trouble soon as I'm not entirely sure what they offer these days that you can't get online or in other stores.
2nd Mar 2018
Best news story I've read about this week is the Chatham Ski Centre which had to close because there was too much snow.
25th Jan 2018
Sadly I think even dear old Mr Hackenbacker would be stumped with this, unless he got Braman to sort it! Come to think of it, even K9 & Adric from Doctor Who might struggle with this lot.
19th Dec 2017
True. Sadly I think many employers might see it as a further burden, given they're already deducting 13.8% of employees' pay in order to fund their state pensions (at least was the original idea!)
19th Dec 2017
Sorry Jon but I totally disagree. It might simplify admin but it will be a sucker punch each week/month for employees and will be absolutely worthless once they come to retire.
Anyone with any sense would demand that their wages would have to increase to compensate them for the loss of their net take home pay, driving up inflation etc etc.