This week there’s been a raft of rows over accounting practices as not one but two companies stand accused of playing fast and loose with the rules.
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It seems the taxman can’t seem to get much right nowadays, whether it be hunting down tax evasion or making it easier for smaller businesses to file taxes.
I’m not here to say that tax evasion isn’t a problem in the UK right now, but HMRC is going the wrong way about it – and I’m not the only one that thinks so.
A plumber from Hampshire was recently given a four-month jail sentence, suspended for 12 months, after Southampton Crown Court found him guilty of tax evasion.
As I’m sure most accountants will be aware, Glasgow Rangers football club has got itself in a spot of bother with HMRC.
Is it possible to out-smart the taxman legally? According to a recent article in the press, yes it is.
Accountants north of the border will no doubt be aware that HMRC began a campaign targeting tax evading Scottish restaurateurs at the end of last year.
Contractor accountants may be interested to learn that a plumber from the West Midlands was recently sentenced to 12 months in jail for tax evasion.
Online accountants may be interested to learn that the Revenue is to hold a Q&A session on Twitter for Internet traders who owe outstanding taxes.
The Chartered Institute of Taxation is the latest body to call for the Government to launch a general disclosure facility for individuals who have been practicing tax evasion.