Member Since: 1st Apr 2008
12th Dec 2019
The anecdotal evidence of following up reports doesn't inspire me given they mention the SOCA which was disbanded in 2013.
I have no doubt that some effort may be made to cross check on existing cases against people already on the radar but I doubt the information we provide about minor VAT errors or unsubmitted tax returns make much odds.
I object to the tone of censure that accountants are letting the side down by not making enough reports compared to the banks. Aside from the fact that we are engaged in entirely different services, I take it that I am doing a reasonable job in judging who I work with and what work I take on.
If this information was simply sent to HMRC in the first place it would make a lot more sense but then we would have to face up to the fact we are common snitches rather than guardians of the financial sector against terrorism, medal awards pending.
7th Dec 2019
While I have limited sympathy for Mr Wheeler who would have undoubtedly benefited from some representation, professional or otherwise. Is there any question of tax actually at stake here or is it merely punitive for wasting their time (time that we could have wasted in a a far more interesting way on another fruitless IR35 debacle)
25th Nov 2019
Sure, I'll get right on that. I'd hate to think that if I inform on a client for trifling VAT errors the poor beleaguered staff won't be able to do anything because they can't understand my accounting jargon or identity them in the absence of inside leg measurements.
11th Nov 2019
£6,669 of benefit does not really equate with a company car for someone on £300k however that's just speculation.
Assuming Mr Scheithauer was dilligent & paid due concern to his tax affairs it is entirely possible he completed & filed his tax return before Dunhill got around to providing with a copy of his P11d (if at all).
Again, if the PAYE system was left to do what it had to in this case, this would all be properly reported, taxed & adjusted for 2017/18 with none of this being necessary.
If I had more faith in their general competence, you would be forgiven for thinking this is a deliberate policy to raise penalty revenue.
11th Nov 2019
It strikes me that all of this income was correctly reported and taxed through the PAYE system. Assuming they managed to give him a tax code with no Personal Allowance, then it seems to me if HMRC did not insist on a tax return, everything would have worked as it is supposed to.
29th Oct 2019
I was thinking much the same thing. No doubt our checklists are all going to get a page longer.
28th Aug 2019
Why would I as an accountant/tax advisor be involved in making payments for clients?
Why would disengaging/disassociating with the client be remotely helpful in this case? Surely washing my hands of it would only disadvantage the client & unless I sold him the winning ticket, can't see how this would bring my or the profession into disrepute.
Contact a family member - Assuming I know any, even with the best of intentions, it sounds dodgy ground for professional conduct.
How would I know who is GP is?
Contact the Spanish Authorities? - How much free time do you think I have?, What do you suppose they will do about it given it is hugely unlikely the scammer has ever even visited Spain?
I would like to think I have a good enough relationship with my clients, many of whom are elderly, that they would heed my advice on this matter in the first place.
8th Jul 2019
So the same could apply to the employee of an ice cream van by diverting the cash to his own pocket?
26th Jan 2019
When M & S won their case over chocolate teacakes, anyone presenting a receipt showing a standard rate charge could claim their refund - how many people do you suppose did so? Unjust enrichment
25th Jan 2019
We I am sure we can all sleep soundly in our beds, safe in the knowledge that HMRC will tirelessly pursue any rascal that dares to threaten the Exchequer by incorrectly labelling a snack. Hanging is too good for them.