June 23, 2016

What input tax can you claim under the Flat Rate scheme?

The flat rate scheme was set up to simplify VAT returns for a small business who make yearly taxable sales of less than £150,000. What is […]
February 18, 2016

HMRC announces more than £96m in fraudulent or incorrect tax returns  

According to the government, HMRC has ‘intercepted’ more than £96 million in ‘fraudulent or incorrect’ tax repayment claims thanks to their new system, which spotted over […]
June 18, 2015

Bookkeeping in 3000BC – Fascinating token gestures

You assumed the fine art of bookkeeping was a new thing, a child of the industrial revolution born of the consumer age? Not so. Humans have […]
March 19, 2015

HSBC tax avoidance scandal leads to calls for HMRC culture change

The super-rich and big business are allowed to avoid paying tax while ordinary people are not. It’s a hard theory to dispute when the HSBC tax […]
February 22, 2015

UK households £1,127 worse off through tax and benefit changes

It looks like Britain’s poorest families are bearing the brunt yet again. They’ve suffered the most from the government tax hikes and welfare cuts put in […]
January 22, 2015
Filing deadline in the UK for tax returns

Creative excuses for late tax returns!

HMRC has just released this year’s top ten chart of the worst excuses for missing the January 31st online tax return deadline. As you’d imagine, all […]
December 18, 2014

Britain’s ultra-complex tax relief system labelled as ‘chaotic’

Alex Wild, Research Director at the TaxPayer’s Alliance, is the latest expert to highlight the impracticality of the British tax relief system. Many feel he has […]
November 20, 2014

EC proposes a ‘simpler, more robust’ VAT regime

When the Single Market was born in ’92, intra-EU trade and a real borderless union were supposed to sit at the heart of the VAT system. […]