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Stirring the pot

jon August 01, 2009 amnesty, capital gains, elderly, evasion, foreign, HM Revenue, HMRC, low income, lower paid, resident No Comments

I watched with interest the interview on the Accountancy Age website with Dave Hartnett, Permanent Secretary for Tax about the New Disclosure Opportunity (NDO). To quote HMRC, “the NDO will allow people with unpaid taxes linked to offshore accounts or assets to settle their tax liabilities at a favourable penalty rate. It will run from the 1st Sept 2009 until 12 March 2010.If you have unpaid tax linked to an offshore account or asset to declare, to benefit from the terms of NDO you will need to notify us AND disclose (tell us the details, … Continue Reading

Credit where credit’s due – HMRC v Annabel’s

jon June 12, 2009 Annabel, catering, court of appeal, employment tribunal, HM Revenue, HMRC, income, lower paid, National Minimum Wage, NMW, restaurant, self assessment, tax, wages No Comments

HM Revenue & Customs has claimed that it has struck a blow for lower-paid workers in the form of restaurant and nightclub staff. As many of you will know, there is a common system in restaurants where tips are collected whether through cash or as additions to credit card billing and allocated to a member of staff, the troncmaster, who is responsible for delivering shares of these gratuities to his or her colleagues. Normally the person who has the distribution responsibility deducts PAYE as appropriate which is dealt with separately from the normal wages. Yes, some cash tips go straight … Continue Reading