* You are viewing the archive for February, 2010

Accountants’ tax “amnesty” – I was joking, you know!

When I wrote about the Tax Health Plan proposed by HMRC, and asked which profession might be next, I was joking when I added accountants to my list; really I was. My idle fantasy might be about to come true as it is reported “Accountants could be next for tax amnesty”. Of course the original report was in the Mail, so a pinch of salt may be needed. Flattered though I am that Dave Hartnett might be one of my loyal readers, I really do not believe that accountants, tax advisers, bookkeepers or any allied … Continue Reading

Scary tax planning in a changing world

I cannot remember a time when the tax regime in Britain was in a position of such flux. As we know the cost of the banking crisis and the recession has cost the government, or at least UK plc dearly. There is a huge deficit to be made up, exacerbated by the futile policy of reducing VAT from 17.5% to 15% for thirteen months. There is talk that after the election whoever is in power will have to raise VAT to 20%. There is not much we can do to mitigate this in advance, and from the Government’s point of … Continue Reading

Be responsible and pay your tax

Last Spring I wrote a piece entitled “Render unto Caesar…” which pretty much sets out my view concerning tax avoidance and those who are reluctant to pay tax. For the record I reiterate that I have no objection to people taking sensible uncomplicated steps to pay less tax. That is no different from choosing to fill your car with petrol, diesel or gas at a particular establishment which charges a little less than the one down the road. Daily essentials everyone buys on price because the value is the same. Complicated and artificial tax avoidance schemes really have … Continue Reading