HMRC Is Shite

HMRC Is Shite
Dedicated to the taxpayers of Britain, and the employees of Her Majesty's Revenue and Customs (HMRC), who have to endure the monumental shambles that is HMRC.

Wednesday, 10 February 2016

Fake HMRC Phone Numbers


Be warned, there are some scummy people who have set up fake HMRC phone lines that aim to make a profit on connecting the hapless caller to a real HMRC phone line.

As per Low Incomes Tax Reform Group:
"We have recently noticed an 0844 ‘HMRC helpline’ number being advertised on the internet, which is not a real HMRC helpline number. Calling it will get you through to HMRC – but possibly at an inflated price. We urge caution for anyone searching for HMRC numbers online and recommend once again that the Government consider introducing a kitemark to identify genuine Government websites and numbers."
It's bad enough ringing the right number, without having some scumbag putting himself in the middle and trying to make money out of a phone call.

Tax does have to be taxing.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.

Ken Frost has negotiated a 10% discount on any polices that may suit your needs.

However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.

What is Solar Tax Investigation Insurance?

Solar Tax Investigation Insurance is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.

To find out more, please use this link Solar Tax Investigation Insurance



HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"

Tuesday, 9 February 2016

HMRC's Digital Roadmap



Tax does have to be taxing.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.

Ken Frost has negotiated a 10% discount on any polices that may suit your needs.

However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.

What is Solar Tax Investigation Insurance?

Solar Tax Investigation Insurance is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.

To find out more, please use this link Solar Tax Investigation Insurance



HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"

HMRC Pension Problems



As the state pension system moves to flat rate in April, National Insurance contributions will determine the level of pension received.

All perfectly normal and logical. However, there appear to be difference between the records held by HMRC and employers. As such, there is a risk that some pensioners will be over paid and others underpaid.

HMRC has claimed “no pensioners will lose out” due to faulty data supplied by their employers pension schemes.
A spokesperson for HMRC has told the FT Adviser that it is working closely with pension funds to make sure their records are completely up to date, while all pension providers should use the official checking service to make sure their members’ records are accurate.
HMRC is offering a free reconciliation service to enable the schemes to match their records against HMRCs, based on employers’ PAYE returns. This service has been available for nearly two years and HMRC urges employers to register for it before the deadline of 5 April.

For individuals shortly reaching their state pension age there is a fast track service to ensure they get the correct pension.”
Let us see how this all ends up working out!

Tax does have to be taxing.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.

Ken Frost has negotiated a 10% discount on any polices that may suit your needs.

However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.

What is Solar Tax Investigation Insurance?

Solar Tax Investigation Insurance is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.

To find out more, please use this link Solar Tax Investigation Insurance



HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"

Monday, 8 February 2016

HMRC Servers NOT Hacked!


A report in the Sunday Times has suggested that HMRC has identified 17,000 attempts to claim almost £100m in bogus tax repayments.

In such instances, criminals used the log-in details and password after an individual filed their online tax return to alter the details and request a repayment to an account under their control.

However, fear not, HMRC are 100% certain that their servers have not been hacked!

As per CCH Daily an HMRC spokesperson said:
"Our online services have not been hacked and remain secure.

We take our obligations around protecting customer data extremely seriously and have systems in place to review suspicious activity and monitor access to accounts."
HMRC are of the view that any online tax frauds are down to taxpayer failures.

All very well and good, but organisations and their staff do get hacked eg; Sony, TalkTalk, the Director of the CIA to name but a few that spring to my cold addled brain!

HMRC would do well not to be so complacent.

Tax does have to be taxing.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.

Ken Frost has negotiated a 10% discount on any polices that may suit your needs.

However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.

What is Solar Tax Investigation Insurance?

Solar Tax Investigation Insurance is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.

To find out more, please use this link Solar Tax Investigation Insurance



HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"

Thursday, 4 February 2016

Odds On Lin Homer's Replacement


AccountancyAge and William Hill have produced a list of the latest odds on the potential candidates to replace Homer.

On that subject, has anyone seen the job advertised yet?

Edward Troup - 2/1

Our front-runner currently serves as HMRC's tax assurance commissioner and second permanent secretary so on paper looks like he has the credentials.
His job involves reporting directly to Lin Homer and is responsible for shaping tax policy and strategy. Before HMRC, Troup was a partner at international law firm Simmons and Simmons, so will have the legal know-how at his disposal if he's ever called into a PAC hearing if he gets the top job.

Jim Harra - 5/2

Harra has worked his way up the ranks at HMRC, beginning his career in the Inland Revenue as an inspector of taxes in 1984. In 2009, Harra was appointed director of corporation tax and VAT and has previously suggested that it's unrealistic to expect multinational firms to pay as much as other businesses, something which sparked outrage in the wake of Google's £130m "sweetheart payment" to the taxman.

He has a wide knowledge of tax issues, including tax avoidance and knows a lot about the inner workings of HMRC. Was inspector of taxes at the Inland Revenue (now known as HMRC since 2005) in 1984.

Andy Cole - 3/1

Director of specialist investigations at HMRC. He has overall responsibility for leading the response to HMRC's largest and most complex fraud and avoidance risks through civil means.

Margaret Hodge - 7/1

Former chair of the Public Accounts Committee and one of the chief critics of HMRC's failure to tackle tax avoidance.

Stephen Herring - 7/1

Head of taxation at the Institute of Directors' policy unit. Herring has specialised in taxation for over 30 years and, before joining the IoD in September 2013, was a partner in three global accounting firms (Grant Thornton, EY and BDO). He was appointed by the Exchequer secretary as one of the eight independent members of HM Treasury's Tax Professionals Forum.

Ian Powell - 12/1

Chairman and senior partner at Big Four accounting firm PwC, he is stepping down as PwC chairman later this year.

John Whiting - 12/1

Tax director of the Office of Tax simplification. Until 2013 he was the tax policy director of the CIoT; previously, he was a tax partner at PwC.

Steve Lewis - 500/1

Coffee shop owner from Crickhowell and star of The Town That Took on the Taxman, has his own campaign to become CEO of HMRC. When he spoke to Accountancy Age, he gave himself 1000/1 odds.

Tax does have to be taxing.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.

Ken Frost has negotiated a 10% discount on any polices that may suit your needs.

However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.

What is Solar Tax Investigation Insurance?

Solar Tax Investigation Insurance is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.

To find out more, please use this link Solar Tax Investigation Insurance



HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"

Wednesday, 3 February 2016

HMRC is Clueless


Kudos to HMRC for holding consultations events re "simpler tax payments" during the busiest time of the year for tax professionals.

So much for the "customer" ethos that HMRC claims to believe in!

As per AccountingWEB:

This is going to affect all businesses that pay tax under self assessment, including companies.

HMRC is consulting on simpler tax payments. Let’s be clear; “simpler” means more frequent payments, which are paid at a time closer to the period in which the income is received.

There are no firm proposals on exactly how many extra tax payments will be required, and when the new system will come into effect, as this is a first-stage discussion paper. There will be discussion events held around the country (see below), open to any accountants in practice and their business clients. You need to book a place at those events by email, and there may be more events arranged in February and early March.

Consultation events:
DateDay Location
29/01/2016FridayLondon
01/02/2016MondayBristol
02/02/2016TuesdayExeter
03/02/2016WednesdayCardiff
04/02/2016ThursdayNewcastle
05/02/2016FridayLondon
05/02/2016FridayNottingham
08/02/2016MondayManchester
08/02/2016MondayBelfast
09/02/2016TuesdayLeeds
10/02/2016WednesdayGlasgow
01/02/2016ThursdayEdinburgh
12/02/2016FridayBirmingham
19/02/2016FridayLondon
When George Osborne announced the end of the tax return, the AccountingWEB community were quick to uncover the potential benefits for the government. Some predicted that real-time tax payments for the self-employed would be a bi-product of the proposed quarterly online reporting. And so it appears to be.

The discussion paper makes it clear that accelerated tax payments will apply to corporation tax, VAT and self-assessed income tax, including Class 4 NIC. Class 2 NIC is to be merged into class 4 sometime soon, according to a current consultation paper. It hints that where a business pays several taxes (e.g. CT and VAT), the payment dates for those taxes may be aligned.

That would mean quarterly payments for CT for all companies. This is a logical extension of quarterly reporting of business turnover and expenses, glossing over the need to make adjustments for accruals, prepayments and disallowable expenses.

Companies who already pay CT by quarterly instalments won’t be affected, as they already pay corporation tax within the accounting period in which the profits are made. Also, companies with profits of £20m or more will see their CT quarterly instalments advance by four months for accounting periods starting on and after 1 April 2017.

HMRC justifies the acceleration in tax payments as a way to reduce the burden on taxpayers, as (they argue) it will allow easier off-set of construction industry scheme deductions against other tax liabilities. HMRC also cites research that concludes small businesses would prefer to pay tax in smaller amounts more regularly. The “burden” of companies moving from making a single CT payment nine months after the year end, to quarterly payments starting within the accounting period would also be lifted. 
Tax does have to be taxing.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.

Ken Frost has negotiated a 10% discount on any polices that may suit your needs.

However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.

What is Solar Tax Investigation Insurance?

Solar Tax Investigation Insurance is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.

To find out more, please use this link Solar Tax Investigation Insurance



HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"