Friday, January 31, 2020

Tax evasion at the movies

Film titles adapted to suggest tax evasion related topics:

  • Fatal Deduction
  • Force Ten Grand from Navarone
  • Returns of the Pink Panther 
  • Ocean's P11D 
  • Shawshank Tax Redemption 
  • The Accountant of Monte Cristo 
  • The Italian (cash in hand) job 
  • Von Ryan's Expenses 
  • A Tax Inspector Calls 
  • Evasion of the Bodysnatchers 
  • Everything You Always Wanted to Know About Tax Evasion But Were Afraid to Ask 
  • Friends with Benefits-in-Kind 
  • Fiddler on the Roof (ok this one didn't need adapting!)

Any more?

Friday, January 24, 2020

10 imaginative excuses for late tax returns and expense claims

Every year, HMRC receives some imaginative excuses and expense claims following the 31 January Self Assessment deadline.

HMRC has just highlighted 10 of the most weird and wonderful excuses and expense claims they have received from taxpayers over the last 10 years.

The questionable expenses claims for item are:

  • caravan rental for the Easter weekend 
  • £4.50 for sausage and chips meal expenses for 250 days
  • a music subscription so I can listen to music while I work
  • pet food for a Shih Tzu ‘guard dog’ 
And the excuses are:

  • I was up a mountain in Wales, and couldn’t find a post box or get an internet signal 
  • my dog ate the post … again
  • my hamster ate my post 
  • I’ve been cruising round the world in my yacht, and only picking up post when I’m on dry land
  • a DJ was too busy with a party lifestyle – spinning the deck….in a bowls club 
  • my mother-in-law is a witch and put a curse on me 

All the excuses and expenses listed above were unsuccessful.

Friday, January 03, 2020

Definitions: Intaxication

Intaxication 

Definition:  The euphoria a client feels when receiving a tax refund, which lasts until they realise it was their money to start with.

Origin: This word was one of the winners in the Washington Post's Style Invitational in 2003. This sought new words created by simply adding, subtracting, or changing only one letter of a common word and supplying a new definition

Are some tax advisers paying more than they need to?

Some years ago on my first visit to Penrith, Cumbria, to present a talk to the local CIOT branch, I took a cab to the venue.  The driver ask...