Wednesday, 8 February 2017

HMRC Tax Credit Adviser Bilks HMRC For £65K


It seems that not everyone had trouble obtaining tax credits from HMRC.

Step forward Nicola Farningham, an HMRC tax credits advisor in HMRC's Dundee call centre. She scammed £65,000 over a period of 9 years from HMRC.

As from 2005, she used her knowledge of the system to scam huge sums of cash.
She claimed she was living alone with her kids and earning only £15,000 a year. However, as the Daily Record reports, in reality her husband Paul was living with her and earning £33,000 a year.

An investigation launched in 2014 found she was married and living with him.

She now faces a jail term.

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.

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Tuesday, 7 February 2017

HMRC Nixed Beckham's Knighthood


According to the Evening Standard David Beckham’s knighthood was all-but-approved for the 2014 New Year’s Honours list until a last-minute intervention from HM Revenue & Customs.

HMRC reportedly put up a “red flag”, blocking the honour, on the grounds that the ex-England captain had been involved in a controversial form of lawful tax avoidance.

After that, Honours Committee officials reportedly entered into a dialogue with Mr Beckham’s advisers on how to “sort out” the issues raised by HMRC.

Two points cross my humble mind:

1 If the avoidance was lawful, what the fark was HMRC's problem?

2 Why was Beckham then given advice on how to sort out HMRC, when ordinary taxpayers are thrown to the wolves?

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, 6 February 2017

Concentrix Tax Credit Cases To Be Reviewed


The Work and Pensions Committee, that produced a scathing report on Concentrix, has stated that HMRC has accepted its recommendations.

As such HMRC will review up to 23,000 new cases of people who have had had their tax credits screwed up by Concentrix/HMRC.

In a report to MPs, the government disclosed that of 36,000 claimants who lodged an appeal against a ruling by Concentrix, 87% were upheld and have had their benefits reinstated.

The remaining 23,000 claimants who did not appeal will have their cases reviewed as well, the government has told the Work and Pensions Committee.

The BBC quotes a a statement to the committee from the government:
"HMRC will review those cases to establish that decisions made by Concentrix were properly made and communicated to claimants.

Where absolutely necessary, we will re-contact the claimant to request further information relating to their claim. Current plans indicate that this activity could be completed by March 2017 but the scope of this work will be confirmed once an analysis of the total cost has been produced."
Frank Field (Chairman) said:
"HMRC was right to fire its contractor, but many of the processes used by Concentrix were the same as those used by HMRC itself. 

For many claimants, particularly those who were unwell, lacked self-confidence or had caring responsibilities, the document-heavy process of challenging a wrong decision by Concentrix was surely prohibitively daunting.

The real answer is of course to root out fraud and error at entry to the system rather than stopping benefits in payment as first resort."
A HMRC spokesman said:
"It is important to make checks on tax credits payments to ensure the right people are receiving them under the law, and this work will now be done by HMRC.

We will not be entering into external contracts for this in future. We apologise to all those who did not receive the standard of service that they should have."
Any guesses as to what the final bill for this clusterfuck will be?

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"

Friday, 3 February 2017

Pension Tax Errors Hit Thousands



The Telegraph is warning that tens of thousands of people may have paid incorrect tax on pension withdrawals made under new rules applying from April 2015.

At least 232,000 people drew down money from their pensions in the 2015 to 2016 tax year under rules which allow over-55s to drain cash from their pension pots in one go.

Many of these withdrawals will have been incorrectly taxed, as the PAYE system is not geared to multiple income sources and the chances are the tax codes used when drawing down from the pension pots were wrong.

Incorrect coding is of course nothing new, and the issue of coding pops up each year with the depressing inevitability of an unloved season.

However, on the bright side once MTD has been implemented all these problems will simply vanish!

Won't they????????????

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, 2 February 2017

HMRC's Small MTD Step



Treasury Sub Committee
COMMONS
Chair on HMRC response to Making Tax Digital consultation

01 February 2017
The Treasury Committee Chair comments on the publication of HMRC's response to its consultation on Making Tax Digital.
Inquiry: UK Tax Policy and the Tax Base
Treasury Committee
Chair's comments
Commenting on the publication, Rt Hon. Andrew Tyrie MP, Chairman of the Treasury Committee, said:
"This is a welcome, albeit small, step in the right direction. The Government is acting on some of the issues identified by the Treasury Committee. The proof of the pudding will be in the eating. For example, not much has yet been divulged about the software.

The fact that Ministers are reflecting carefully on both the threshold and the possible deferral of the implementation date for some small businesses is very welcome. They certainly need to do so, even if that brings an extra month of uncertainty for the smallest businesses. All the evidence suggests that proceeding at the rate originally proposed would have led to detriment to millions of small businesses.

The Committee will now explore both the costs and savings for businesses, and the revised revenue estimates, in more detail."





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, 1 February 2017

Making Tax Digital Runs at a Loss


The document published yesterday outlining HMRC's Making Tax Digital for Business shows  that costs will still exceed savings by £100m in 2022.

Please feel free to comment.

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"