Category Archives: Uncategorized

What is “tax risk”?

I’ve seen a bit spoken about “tax risk” recently. It seems to me that there is a bit of chopping and changing over what is meant. Just for reference, here is what I reckon is meant by the term. I … Continue reading

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Some fantastic doublethink here…

Couldn’t help but laugh at this: The EU actually, on average and before bad debt and criminal attacks in both cases, thinks the UK has a lower tax gap than HMRC does, but the trend is very different. The marked … Continue reading

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Can accountants be trusted?

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

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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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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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Fair Tax Mark or Discriminatory Tax Mark?

If two thirds of UK businesses receive only 6% of UK sales, would you describe a scheme that encourages consumers to discriminate arbitrarily against those businesses as ethical? For clarity, I do not believe that discrimination is intended by the … Continue reading

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Who accounts for the Accounts Committee?

The Public Accounts Committee’s report yesterday on HMRC Tax Collection¬†got me thinking on the problem of accountability of the PAC. I think it is quite right that questions are raised over the efficiency of HMRC and there are important issues … Continue reading

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Your denial of …

Your denial of the importance of objectivity amounts to announcing your intention to lie to us. No-one should believe anything you say. John McCarthy

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Richard Murphy on Vodafone

I see Richard Murphy is saying that Margaret Hodge should summon Vodafone to the Public Accounts Committee over their sale of their interest in Verizon Wireless. This is despite the fact that: the transaction didn’t occur in the UK, and … Continue reading

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