My one-man contractor limited company was VAT investigated about 10 years ago.
For those of you who know HMRC VAT schemes, I was on the Flat Rate Scheme + Annual.
VAT can't be any more simple and straightforward than those.
You charge VAT on your invoice at 20% and then pay VAT to HMRC on all...
When you purchase a house, especially with a mortgage, the surveyor will also provide a typical market value for the property. There are online sites too where property sales values can be searched. Good, local estate agents can also provide a reasonable guide value.
In similar vein, for...
If sex were a sport, it wouldn't so much be that coming first was important as the taking part .....
The Olympic motto of faster, higher, stronger may also be less important than just taking part too.
Is the roll of the dice many folk play ....
I should add that HMRC also do a quota of randomly selected investigations as well, so even the small-change tax dodgers might be at risk of an investigation.
In essence, evading taxes is a gamble, you might get caught, you might get away with it.
I...
If the house is owned by the elderly relative I would assume the sale proceeds would go into their estate, and with permanent care, get chewed up in care cost fees?
By "non-financial assets" do you mean things like aircraft, yachts, paintings, property, etc. as in non-financial products that hold a monetary £££ account balance? aka fixed assets?
I think we all expect UK property ownership to be of HMRC interest and Land Registry are a feeder to DCDM. I...
Correct, NI is not collected from earners under 16.
However, children under 16 (e.g. child actors) can earn income that is above the standard PAYE threshold and are therefore required to pay income tax.
Whilst most folk believe the NI number is their unique tax identification (with HMRC), this...
Allow me to introduce the HMRC Data Capture Data Match system.
All the countries who have a reciprocal tax treaty (the list is quite extensive) share information. Yes there are a couple of tax havens still out there but generally speaking, most countries are now very financially joined-up...
On this very note, what's the current status on the Ukrainian incursion into Russia that must have been a couple of months back?
Are the Ukrainians still in Russia holding the ground they made, or did they get pushed back?
I've lost track of where this Ukrainian "special operation" has got to...
Can anyone put a date on this pic?
Mrs SS worked for Panorama Travel in the 1990s but the shop/office was up Queens Rd on the corner of North Rd
We were social friends with the owner too but reckon he must have bought the business as ongoing.
I now feel extremely inferior as I use a Peter Storm rain jacket with detachable fleece liner.
When it's really pissing down, the dog walks gets shorter, 45 mins max.
Those with little, usually want more.
Those with lots, usually want to keep it.
Human nature in'it?
I give a little to those worse off than me, but only where they aren't able to better themselves due to e.g. being disabled by unavoidable circumstances. I give to some charities and I'm a...
On track runners, I vaguely recall a documentary years ago about Seb Coe and he revealed both his running spikes he used to win Olympic gold weighed less than one of Roger Banisters running shoes used in that first four minute mile.
Technology gives all sports a big advantage these days.
5-1...
Oh yes, when I started office life the culture was lunchtime drinking, with Friday's mandatory.
Halfway through my career, the drinking culture had morphed into "dress-down Friday" (for a quid).
When I fully retired a couple of years back, office attire was "casual", anything but beach-shorts...