Friday, September 13, 2024

Which parrot should the accountant buy?

 An accountant went into a pet shop to buy a parrot for company in his office.

The shop owner showed him a pretty parrot on a perch and explained that it was ideal for an accountant as it knew some mild swear words but only used them when it heard someone say  "HMRC".

The accountant asked how much it was and the shop owner said it was only a hundred pounds.

The accountant felt he could invest more than this so asked if there were any other parrots.

"Certainly" replied the shop owner. "This blue one doesn't swear at the taxman but he will learn your clients' names and greet them personally whenever they come into your office. This one is for sale at one thousand pounds".

This was more than the accountant wanted to spend so he asked the price and talents of a third parrot that was sitting quietly in the corner of the pet shop.

"Aha" said the shop owner. "That's the most expensive parrot. It costs five thousand pounds".

The accountant was astonished any parrot could cost that much. "What the heck can it do?"

To which the shop owner replied "To be honest, I've never seen him do a darn thing, but the other two say he's their Senior Partner."

Friday, September 06, 2024

A customer complains to HMRC

Dear Inspector of Taxes 
I see from your website that you regard me as a customer. This makes you my supplier and I am therefore writing to tell you that I have decided to look for an alternative supplier. 

This is your last chance to improve your service. 

Let me tell you why my wife and I are fed up to the back teeth with the way you have looked after us of late: 

 - To help even out our cashflow, when we have surplus funds, we lodge them with you as a pre-payment of part of our forthcoming tax bill. However you hardly ever send us statements that show us where we stand with you and when you do send them, they are quite impossible to check or to understand what they mean; 

- You never seem to answer the telephone; 

- You and your colleagues take an age to deal with the enquiries my accountant has raised with you; and you seem happy to threaten distraint proceedings at the drop of a hat - never a good idea from a customer service point of view. 

If you really were a business you'd have gone bust years ago. You seem to have no idea about how to look after your customers. 

As you can see I have become a thoroughly disgruntled and miserable customer. 

I will never recommend your services to any friend of mine and I long to take my business elsewhere. 

The problem I face is that there doesn't seem to be any other suppliers of whatever it is you supply. 

Yours faithfully.

 ---- 
The above letter was written to the Tax Office by a taxpayer who copied it to his accountant Huw Williams of HM Williams, Chartered Accountants.

Friday, August 30, 2024

Paying tax with a smile

 At the end of a serious tax investigation, the Inspector of Taxes announced that the taxpayer owed over £10,000.  The Inspector continued: "You know, paying tax is your civic duty and you should be proud to do what's right. I'd like to see you settle your liability with a smile."


To which the recalcitrant taxpayer replied: "Thank Goodness for that. I thought you'd want money."

Thanks to Mike Thexton for this old joke.

Friday, August 23, 2024

What do the initials HMRC really stand for?

 In the UK we recognise 'HMRC' as standing for His Majesty's Revenue and Customs - the body created by the merger of Inland Revenue and HM Customs and Excise in 2005. 

What else might the letters represent?  Officially the answers are:

  • Health Management Research Center (University of Michigan) 
  • Human Mobility Research Centre (Queen’s University and Kingston General Hospital partnership; Ontario, Canada) 
  • Helicopter Multi-Role Computer 
  • Hierarchical Maximal Ratio Combining 
  • His Majesty's Royal Communications (Jordan)
But let's be more inventive: 
  • Help Me Recover Cash
    Hiding My Rewards Carefully
  • Holding My Rewards Callously
  • How Might Rhianna Cover-up?
  • Hold My Rubber Chicken
Can you do better?

Friday, August 16, 2024

Ten dodgy tax tips best ignored

 

  1. Make a loss - you only pay tax on profits
  2. Live on a boat and claim you're 'offshore' for tax purposes
  3. Don't worry about getting receipts 
  4. Yes, we can rewrite the past and pretend you did things that you didn't really do
  5. Stick with Apple devices to avoid the Windows tax
  6. Less fasteners, more adhesive.... is a great way to reduce tacks
  7. Remove your number plates so the DVLA cameras can’t catch you
  8. Pay your employees in chocolate coins – it’s a sweet deal for everyone
  9. Claim your garden gnomes as security personnel
  10. Set up a fake moustache business so you can disguise your profits

Friday, August 09, 2024

Free tax advice?

Years ago I heard a great story that accountant Keith Lawrence assured me was true.

He had taken an initial phone call from someone wanting help with their tax. 

After a brief conversation Keith invited them in to meet with him to see if he could help (and to see if he wanted to take them on as a client). 

On their arrival the 'client' looked around and expressed a little surprise that the office was smaller than he'd expected. He was also surprised to learn that Keith was an accountant as well as a tax adviser. The client just wanted tax advice. 

They sat down together and the 'client' started to explain his tax problem. When Keith raised the question of fees the 'client' was shocked. He'd assumed that tax advice was free. 

After a few moments it then became apparent to Keith why the 'client' was so confused. He thought he had called The tax office. HMRC.

Friday, August 02, 2024

If Pointless asked 100 Tax Inspectors......

Pointless is a popular British TV quiz show where contestants try to find the most obscure correct answers to general knowledge questions. 

The aim is to score the fewest points, with the best answers being those that no one else has thought of. 

Normally the questions are tested on a random group of 100 people.

But imagine if the questions were tested on HMRC staff.

Alexander Armstrong might then have to say:

"We asked 100 tax inspectors to name an obscure expense that qualifies for tax relief"

What might be the pointless answers?

Other questions that might be asked of the same group of tax inspectors include:

"We asked 100 tax inspectors to name their favourite Chancellor"

"We asked 100 tax inspectors to identify their least favourite tax loophole?"

"We asked 100 tax inspectors to name their favourite tax case"

What might be the pointless answers in each case do you think? 

The interchageable accountant

I love this story of the interchageable accountant. Peter wanted a new accountant. He spent ages asking around his local area and getting po...