A doctor's mistake is buried,
A lawyer's mistake is imprisoned,
A pharmacist's mistake is poisoned,
But, an accountant's mistake is...
....adjusted, corrected and reconciled!
On a visit to the UK last year I picked up a copy of your magazine and wonder if readers can advise me. I am non-domiciled and non-resident (I think) in the UK – no permanent home here – but each year I work temporarily in the UK for a short period.The chosen pseudonym is "S. Claus". I wonder........
The work is unpaid, but I do receive benefits in kind; glasses of port, mince pies and the like. I am rather concerned that I have not declared these to HMRC in the past. Should I have done so and is there an annual tax liability to be paid on these gifts or benefits? And if there is, how is the tax calculated under self assessment?