Friday, October 28, 2016

How strong is HMRC's case?

Years ago a senior official was talking about HMRC prosecution policy. He mentioned an occasion when he had lost a case and went back to his legal advisers to find out what had gone wrong.

"I thought you'd told me you thought we had a very strong case" he said. "So why did we lose?"

"Aha" said the lawyer, "You asked me what I thought and I told you that I felt that we had a very strong case. That was all you wanted to know.

Had you asked I'd have told you that I also thought the other side had a very strong case too."

Friday, October 21, 2016

The Alligator and the Tax Collector

A man walks into a restaurant with his pet alligator under his arm.

“Do you serve tax collectors?” he asks the barman.

“Of course” says the barman.

“Well” replies the man, “I’ll have a beer, and my alligator will have a tax collector.

Friday, October 14, 2016

Tax avoidance schemes - an odd way to define what's legal and what isn't.

It is illegal to avoid telling the tax man anything you do not want him to know, but legal not to tell him information you do not mind him knowing.    

Sounds weird but it's true. Sort of.

The actual law has had its wording twisted to make it seem funnier. The law actually requires a person to disclose schemes that are deliberately designed to avoid tax which would otherwise be due to HMRC.

Apparently it is an oversimplification of the Tax Avoidance Scheme Regs 2006, S.I. 2006 No 1543.

Friday, October 07, 2016

Rants against Tax Dodgers from The Last Leg

The clip below, from The Last Leg tv show includes some funny rants against those who avoid tax and accountants who promote tax avoidance schemes!

Bad language alert!