Member Since: 23rd Jun 2021
21st Oct 2021
As well as businesses, we also act for people. People in general like things like hospitals, schools, roads and importantly...surviving pandemics. These things all cost money.
Personally I don't like the idea of increasing the frequency of things like self assessment payments (from a purely selfish point of view of, its a lot of effort to administer in a tax department). If I was the chancellor, I'd get rid of payments on account (again, from a selfish point of view in that its a pain to explain to clients who don't really understand it anyway) and make the final payment in a one-er by 30th September. It would accelerate the tax take and simplify things for taxpayers as well as give them less time to have spent it all before its due to be paid. I guess that would accelerate the tax return submission deadline too...good thing I'm not the chancellor.
23rd Jun 2021
If we're going through the rigmarole of changing tax years (which I support), why wouldn't you want to align it with calendar year! No messing about with 20/21 or 21/22...the 21 tax year! Rolls off the tongue much better and I'm sure taxpayers would understand a bit better.
I once had a client take his P60, and take off the last 3 month's payslips and add in the prior year's last 3 month's payslips to put into his tax return, a frankenstein way of making it to calendar year. I had to explain it was a pointless exercise.