tag:blogger.com,1999:blog-29600742611858461.post1580843861859652727..comments2024-03-28T18:37:55.695+00:00Comments on HMRC Is Shite: The Fear - Recommendations To Simplify The Tax System for SME'sKen Frosthttp://www.blogger.com/profile/13568488818950912374noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-29600742611858461.post-53094251171567779652012-03-01T18:25:26.187+00:002012-03-01T18:25:26.187+00:00The best thing to make things easier for SMEs espe...The best thing to make things easier for SMEs especially small businesses is surely; <br />Firstly raise the Class 4 NIC lower profit limit, as it stands currently it is below that of personal allowance.<br />Secondly equalise the taxation of dividends to that of other incomes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-29600742611858461.post-44793439597593287952012-03-01T17:36:42.031+00:002012-03-01T17:36:42.031+00:00HMRC numptie here.........just a bit taken aback t...HMRC numptie here.........just a bit taken aback that, apparently, a comment now consists of repeating bits of the original post? Presumably for people who can't be arsed to read the whole mighty epistle? <br /><br />Just seems slightly.....weird?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-29600742611858461.post-54055130756160867372012-03-01T01:16:16.500+00:002012-03-01T01:16:16.500+00:00I have to say that I'm (also) pleasantly surpr...I have to say that I'm (also) pleasantly surprised. I had pretty low expectations of the OTS, particularly given Whiting's track-record and some of the nonsense he's come out with since taking post, but I have to admit that the selection of suggestions posted above (though, of course, Ken has presumably chosen the ones he feels were the most damning for HMRC, so some of the best and worst stuff according to any constructive criteria may have been omitted!) look pretty sensible.<br /><br />Stew GAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-29600742611858461.post-36546929168916357902012-02-29T19:39:05.946+00:002012-02-29T19:39:05.946+00:00wot no comments from the HMRC numpties about how t...wot no comments from the HMRC numpties about how the individual is always at fault and make their jobs so diffcult... this must be a record... NO COMMENT!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-29600742611858461.post-90659888890344924742012-02-29T13:18:07.186+00:002012-02-29T13:18:07.186+00:00In the past when commenting on this blog, HMRC num...In the past when commenting on this blog, HMRC numpties (not everyone) have commented with all the 'pat' answers and fail to recognise or appreciate the difficulties people face and the reasons why tax returns cannot always be completed... despite everything that is out there... but here are a few comments that go some way from this POST to explaining – John Whiting, Tax Director for the Office of Tax Simplification said: not MY WORDS although teh same has been expressed ehre sevral times (perhaps not in these words)<br /><br /><br />.... they look to HMRC to help them. <br /><br />The overriding message here is that many small businesses look to HMRC for guidance in tax matters. <br /><br />"there are clear examples in tax administration where the system makes it surprisingly difficult to make the correct “choice”<br /><br />Generic guidance from HMRC that is overwhelming and written in inaccessible language can be counterproductive<br /><br />Some 23% of businesses surveyed by TFC experienced difficulty obtaining a definitive answer from HMRC, with 30% having difficulty making sense of the answer and only 45% having confidence in the answer received<br /><br />There is also evidence of different answers being received to the same question<br /><br />the disproportionate cost of tax administration,<br /><br />SME's were fearful of HMRC and of making mistakes:<br /><br />"fear is much harder to quantify than time or cost and tends to be less prominent in the policy debate."Anonymousnoreply@blogger.com