Member Since: 27th Oct 2004
16th Oct 2017
My company is a stockholder. We buy metal and sell it. Sometimes we cut it up a bit. R&D does not form any part of what we do. Nobody needs to be a specialist in R&D tax relief to see that yet we get calls from the disreputable end of the R&D tax relief industry telling us we can still make a claim.
21st Sep 2017
We have had a number of calls in the last couple of years from people claiming that certain types of expenditure could be claimed as R&D even though they are nothing like it. They will sort it out with HMRC for a cut. Our accountants dismissed it pretty quickly. I don't think it's a coincidence that these companies abound and that take-up in the scheme has increased.
20th Sep 2017
My concern for my company is that we use a perfectly good but old (Dos-based) accounts package. We pull VAT return information together in a spreadsheet which outputs the nine numbers. Will we need to spend several hundred thousand pounds on a nerw system so that we can fill in our VAT Return? The last time we had a routine VAT return we were complicated on our record keeping so there was nothing wrong with what we do then.
29th Jan 2015
Timing is everything
It is this government that should be wound up and all its minnions like Companies House and HMRC.
It happened in 2009 - before the coalition came to power.
5th Nov 2014
What if an employer only pays SSP when an employee is off sick. Would holiday taken soon afterwards be paid at a reduced rate?
5th Nov 2014
My wife is a midwife working for the NHS and she gets unsocial hours pay added to her basic every time she works a night shift, weekend or bank holiday. Holiday pay was calculated on basic pay because when she was on holiday she didn't actually work any of these unsocial hours. Some time ago there was a ruling that her holiday pay should be calculated using unsocial hours. This seemed bonkers to her and to me because the extra reward she was getting was not because the NHS was getting something extra out of her.
It seems to me that the overtime ruling is an extension of this and is equally unreasonable. The employer is being forced to reward employees for extra duties that they are not providing.
What about if there are other extras in the pay packet. If my company does well there is a one-off bonus paid to all staff through gross pay. Will that have to be included if a member of staff takes a holiday soon afterwards?
21st Jul 2014
Who's fault is it?
Government writes tax law; tax accountant sees potential; client with a bit of spare cash is asked the question "do you want to pay less tax?"; client who knows nothing about tax (that's why he has a tax accountant) says "yes - no brainer"; scheme gets under way; Government says "buggar" and closes loophole.
That's how it used to be but now the last step is Government cries "witch" and makes scapegoat of nasty taxpayer when the problem is that their tax law had flaws in the first place.
11th Apr 2014
Proceeds of Crime
Does he keep the £2m? Seven years (no doubt reduced for good behaviour or whatever it is called these days) in jail for that kind of reward seems possibly worth while.
13th Mar 2014
They paid no PAYE between 2010 & 2012.
We were once late paying (due to my oversight - honest) and they visited our premises, bunged a constraining order (not sure of the technical term) on some of our property and took a cheque away with them.
I am not complaining at their treatment of us as we were overdue. I am complaining at their apparent treatment of this and many other companies who get away without paying for so long.
I suspect that when they do eventually go bust the amount owed to creditors (including HMR&C) would much larger at the end of a three year period than at the start.
I am fed up with the number of business failures I see that have not paid HMR&C for so long. I would like HMR&C to wear their steel-tipped boots as soon as a company defaults. Yes, they can arrange payment plans if a company is struggling for cash and has the gumption to talk to them about it. But by stopping a company from trading sooner rather than later the fall-out for themselves (and our services that taxation pays for) and the rest of the creditors will be reduced.
I know that any dodgy directors/shareholders will still just set up shop again under a different name but if they have to do that every six months rather than every four years word might get around a bit quicker.
4th Mar 2014
Over riding tax codes
I am in industry and process pay for each of our three companies - weekly and monthly. I also do some charities payrolls.
I will never over ride a tax code sent to me. I will let the employee know if it appears that there is an error and they can fight that battle but I will still use what HMR&C send me. But a monthly reporting requirement seems sensible to me.
A separate issue is that sometimes I don't get the notification email of a change so I only find out about it when the employee asks me why the code hasn't changed - if they realise and/or care. It also irritates me that the email never states which company it is aimed at so I have to check them all but I am going off at a tangent so will shut up now.