Wednesday 24 March 2010

The Eternal Triangle


Much like a jealous lover, HMRC cannot stand the fact that businesses use tax advisers when dealing with HMRC.

HMRC want to show their "love" for businesses directly, without having to share it with others.

As such it should come as no surprise to learn that HMRC are trying a pilot scheme in Exeter, designed to remove tax advisers from the equation.

AccountingWEB reports that HMRC will be contacting local business owners directly, rather than going through their professional advisers, in order to arrange a two day examination of their tax records (without reference to their professional advisers).

HMRC claim that the pilot scheme is designed to minimise compliance costs for both "customers" and HMRC.

Andrew Browne of Bishop Fleming is not convinced:

"This initiative may be aimed at distancing business owners from their tax advisers and putting them under aggressive scrutiny by the taxman."

The old maxim "if you hire a dog, don't do the barking yourself" applies here. In the event that you are contacted by HMRC, pass on the correspondence to your tax adviser and let him/her deal with it.

That is why you are paying them.

Threesomes are much more fun!

Tax does have to be taxing.

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4 comments:

  1. I thought HMRC loved advisors. They put this on their web site.
    "The Business Inspector is a four-part series, presented by entrepreneur Hilary Devey, that is being broadcast weekly on Five. It has been sponsored by HM Revenue & Customs (HMRC). The programme will raise awareness among small businesses that they need to keep good records."
    What does it cost to sponsor a TV show, anyway.

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  2. two day examination of their tax records

    And where do the staff to do these examinations come from?

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  3. Who dreams up these ideas?

    Anyone remember "faster working" how long did that last?

    HMRC= How Many Ridiculous Concepts

    ReplyDelete