Thursday, March 03, 2011

OTS went boldly where no taxman has gone before

Direct quotes from Michael Jack's Forward in the first report of the Office for Tax Simplification.
“To boldly go where no man has gone before” was the proud boast of the crew of Star Trek’s USS Enterprise. I think that this phrase must have been in the Chancellor’s mind when, last July, he set us off on our voyage of discovery into the world of tax reliefs and allowances.

During our voyage of discovery (which has lasted a mere five months rather than the five years of USS Enterprise) we found...


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True story about an ex-chartered accountant

True story - An accountant in his sixties sells part of his practice. He keeps a few favoured clients and stops paying his Institute subs. ...