Monthly Archives: March 2014

Can accountants be trusted?

“Can accountants be trusted?” Erm, undeniably yes…. Many people trust accountants. Therefore, they are demonstrably capable of being trusted. QED Advertisements

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Penny off a pint fallacy…

Originally posted on Ben's white space entries:
I always thought that Chancellors were supposed to make the most of cuts whilst glossing over rises. Instead, George Osborne, managed to get a tax cut recognised at a quarter of its…

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Comment on Fair Tax Mark’s latest post

I simply had to post a comment on this. I’m not well and in a filthy mood, so I’m not sure how coherent it is, but this is my comment: In relation to your fourth point: Most of the people I … Continue reading

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Is the Fair Tax Mark mathematically sound this time?

The maths in the original Fair Tax Mark was unsound. In one line of the calculation an “average” (henceforth known as ‘Method B’ for reasons that will become apparent) was effectively calculated by the following formula: (Rate 1 + Rate 2 … Continue reading

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HMRC’s Bitcoin guidance

There appears to be a little confusion over what HMRC’s guidance on Bitcoin means. The most obvious thing to notice that it is a VAT Brief. So it is primarily aimed at stating what HMRC’s practice is for interpreting UK … Continue reading

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ICAEW endorses criticisms of the Fair Tax Mark

Anything the ICAEW said about the Fair Tax Mark was bound to stir up opinion. Now, I don’t think anybody would sit down and plan to achieve the current situation, but in many respects there has been a positive outcome. If … Continue reading

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