Member Since: 12th Dec 2008
18th Mar 2015
So its proposed that the self employed with feed in their taxable income from their accounting software, direct to their HMRC digital account. They will also have the option to pay tax regularly to ease the burden. Still plenty of work here then eh??
The main headline that tax returns will cease is really aimed at the employee population, since presumably there will a direct link from RTI and employer returns to the digital account,which is what lots of people are expecting anyway.
25th Sep 2014
Oh dear Johnjenkins
What a reaction, to be expected I suppose. I'm sure you do your best for your clients but I have seen so much tax evasion, even from people represented by the most able, but I base my statements on 47 years experience. 18 years in HMRC, 23 years in a big 4 firm and the last 6 on my own in personal tax.
I should perhaps have said both self employed and the employee had the same income after deductions, not the same gross. Its just my opinion but thanks for your contribution.
25th Sep 2014
I am not an accountant but I sometimes wonder
An accountant prepares the annual accounts from the information provided by the self employed client and unless he has any reason to suspect any wrongdoing the jobs done. The accountant then prepares the tax return and the client approves it (because the accountant prepared it so it must be correct). The client is hardly likely to say, hang on those accounts are rubbish so I cannot approve this.
Put the client alongside an employee earning the same and compare. The self employed man has just had a new kitchen, enjoys foreign holidays and his kids go to private school. The employee struggles to afford the loan repayments for his kitchen, has a weeks holiday in a caravan in Wales and his kids go the local comp. How many accountants know their client well enough? How many times have I heard it said "how can he afford to live down there on what he earns". He's not evading much but its enough to put him well in front of the employee on fixed deductions for tax and NIC. When multiplied by another say 1 million it soon adds up.
Its a fact of life that tax evasion is rife. Its no good saying HMRC have not got the staff (good or bad). We all know that but should you be doing more?
10th Jun 2014
Am I missing something?
I have not read all the case blurb but am I missing something? One of the very first questions on the HMRC tax return filing site is "Were you an employee". Surely he must have said No since a Yes would have produced Employment pages.
8th Jan 2013
He will be out in 6 months or so but will there be a confiscation order for the money owed or is that it?
6th Jan 2013
Will it be easy getting detail from clients?
How well do you know your clients and family members? I'm not sure I know enough about their personal lives so need to think about getting information about Child Benefit. Do I ask them all or try to be selective based on known ages etc?
12th Oct 2012
and a nice fee for winning!!
3rd Oct 2012
Is there a criminal offence here?