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Archive for February, 2008

Further crackdown on property landlords

HMRC has announced a campaign of checks into property incomde and letters it is sending to landlords it suspects of not declaring rental income received.
HMRC states that: “The campaign is designed for people who receive income from property but have not disclosed it to HMRC. This is the first of a series of new type […]

IR35 case - length of contract

The Court of Appeal has ruled that a temporary agency worker should not be treated as an employee just because of the duration of her contract in respect of ‘Mutuality of Obligations’. The appeal in the case of James v London Borough of Greenwich focused on employment rights rather than tax law, but this […]

The Taxman is watching you!

As of 15 February 2008 the Taxman has powers which enable him to bug your home and car and intercept your phone calls, letters and emails. So, be careful what you say as walls really do have ears now.
HMRC is yet to announce its own code of conduct in respect of the use of these […]

Bar Stool Economics - Taxes Explained

( Humour )

Suppose that every day, ten men go out for beer and the bill for all
ten comes to $100. If they paid their bill the way we pay our taxes,
it would go something like this:
The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth […]