Wednesday, April 23, 2008

HMRC forms

I am reminded of a quote that I saw at the 200 years of Income Tax exhibition from the 1850's as to how the revenue authorities even then were minded to produce forms that were so unintelligible that it was beyond comprehension how it was expected that ordinary members of the public should be able to complete them accurately.

Thanks to Stephen Dowers for this recollection

Tuesday, April 22, 2008

Complaints about the tax system

Have you noticed that people who complain about the tax system fall into two categories?

Men and Women!

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Friday, April 18, 2008

About UBS’s balance sheet:

On the left side there is nothing right, and on the right side there is nothing left...



Thanks to Nadina Wallis at www.clipperaccounting.co.uk for that.

Sunday, April 06, 2008

Freedom of information - exemptions for HMRC

I had to post this somewhere. Say you have a suspicion about what may be a fake National Insurance number. You go to HMRCs manual to read the section about what to do if you suspect fraud. This is what you'll find.

The page is headed:

NIM39140 - National Insurance Numbers (NINOs): Format and Security: What to do if you suspect or discover fraud

Saturday, April 05, 2008

Tax Revolt

Hats off to the game boys at Accountancy Age. Their new online game involves zapping the Chancellor as he pops up and down all over the Chamber in the House of Commons. Every time you miss the CT rate goes up by 1%. It drops again each time you hit him.

This is not an endorsement! It'll zapp your time but it qualifies for inclusion here as it's a bit of fun.

Friday, April 04, 2008

Accrual world

Just came across an online Sci Fi novel, Accrual World, written by Andy Blackford.

The novel explores a world where accountants have been banned and forced to go underground to help impoverished businesses survive in the resulting chaos. This wry look at an Orwellian world is apparently a year-long project written for accountants whose thoughts and inputs are warmly welcomed on the accrual world blog.

You can access pdf chapters and a summary of the book on the accrual world website.

Tuesday, April 01, 2008

April fool tax rise announced for caravan owners

1 Apr


The caravan tax is justified on the basis of the economic loss to the country caused because of the build-up of slow-moving queues of traffic, especially in country areas, due to caravans. The Government's press release claims that not only is excessive fuel used and time lost, but many accidents are caused when frustrated drivers try to overtake slow-moving caravans. The Chancellor claims that the revenues raised by the tax (£250 pa per caravan) will be used to improve roads in areas which suffer most from caravan congestion.

A spokesman for the Caravan Club predicted that its normally-placid members might feel they are being backed into a corner by the Chancellor, and predicted a summer of disruption as furious caravanners drive even more slowly in protest over this discriminatory measure. It is said that politically active elements of the caravan fraternity are considering organising a blockade of the M5 on bank holiday weekend in protest (not that anyone would be likely to notice). Mr Darling denied that a tractor tax is also being considered.

This measure is contained in the Caravans (Regulations And Procedures) Bill, also dated 1 April 2008.

Conceived by Joe Reevey of Conscious Solutions

April fool tax rise announced on gum chewers

1-Apr

In a late addition to the Finance Bill, Chancellor Alistair Darling has proposed two new taxes, both said to be based on a desire to have a 'greener and healthier' Britain.

The chewing gum tax will increase the cost of a packet of chewing gum to £4.50 from April 2009. This tax (as well as similar massive increases in the tax on chewing tobacco and Betel nuts) has been justified on the basis of the huge cost of gum removal and the public health issues raised by products that encourage public expectoration - said to be one of the main factors behind the rising number of cases of tuberculosis.

These measures are contained in the Treasury Order for Safeguarding Health (TOSH) of 1 April 2008.

Conceived by Joe Reevey of Conscious Solutions

HOW strong is HMRC's case?

Years ago a senior official was talking about HMRC prosecution policy. He mentioned an occasion when he had lost a case and went back to his...