Category Archives: Tax, Audit & Accounts

May 19, 2014

Leaving the EU may not just affect the shape of your bananas!

The biggest event this month (apart from the end of the domestic football season) is the European Parliament Elections in the United Kingdom (UK). This got me thinking about how the UK tax system would be affected if there was a withdrawal from the EU.
March 28, 2014

Cyber money and tax consequences

Recently HMRC has issued a statement regarding the tax implications of using digital currency like Bitcoin, as a result of its increasing popularity. Bitcoin is the world’s first decentralised digital currency which operates via a peer to peer network, independent of any central authority or bank.
March 27, 2014

Mitigating the risk of fraud – “More of what matters”

Earlier this month, my mum opened a letter to learn that she was one of the thousands of Morrisons staff who had their personal details leaked online. These details included confidential items such as salaries, bank account details, and addresses, of staff from director level to shop floor.
March 18, 2014

Is this too political?

Let me start by saying that I’m not politically affiliated and not that way inclined.  The following is meant to be a non-partisan, yet critical, approach to political tax policy. The 2014 Budget approaches and we have newspaper articles and leaks to fuel the fire of debate.
March 07, 2014

Employment Status of Equity and Salaried Partners

What is happening? In the Finance Bill 2014 new legislation will be enacted that tightens up the rules regarding the employment status of partners (in partnerships and LLPs).
March 04, 2014

Squeezing the Rich

It’s hard to avoid the subject of tax these days, and in particular who should be paying what.
February 26, 2014

Ready…Steady…Tax!

I’ve commented before on the way that the UK tax system impacts on the way some foreign sports stars view the UK and the issue has again arisen following the announcement that the Diamond League athletic meeting to be held in Glasgow in July has been granted ‘tax exempt’ status.
February 20, 2014

Don’t just think about the weather!

The rain must stop soon surely? We will then no doubt get a brief dry period during which they will decide it was “the wrong type of rain” and promptly introduce the ever popular annual hosepipe ban! However if you can turn your thoughts away from the weather for a short while it is worth. . .
January 20, 2014

There’s a Nasty Bug Going Around

Around this time of year there are a number of cases of individuals coming down with similar symptoms. Sweaty palms, nervous stomachs and an unwillingness to face the day. No, it’s not seasonal flu, it’s just January.
January 08, 2014

What’s your excuse?

HMRC has recently published a list of odd excuses it has received for those who failed to file their Self-Assessment tax return on time.  As might be expected, some people seem to be trying their luck! The list includes: 1. My pet goldfish died (self-employed builder) 2.
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