SINCE writing my last blog I have been away to sunny Spain for ten days. It’s always a struggle to return especially after having such a great time with the family. One thing that struck me about Spain was how cheap things were. Granted we were visiting friends in a non-tourist area, so prices were always going to be less than the over inflated tourist areas. Property prices were cheap too compared to where I live now. I think if the kids were a bit older I would be tempted to up sticks and move. I could quite happily service 90% of my fee base from the beach…
Back to earth with a bang however and I’m here to stay for a few years longer at least. I have a couple of clients who have HMRC enquiries ongoing that are starting to come to a conclusion. One of them we had to pass over to a PAYE expert to assist with the final stages of the enquiry.
A former HMRC inspector herself, she has been invaluable in fighting the client’s corner. Her invoice is due to land soon however. This coincides with a meeting I have lined up next week with a company wanting to sell me a fee protection package for my clients. I did offer this to clients about five years ago, some of them took it up and some didn’t. None of them renewed after the first year however. I know
I will feel slightly awkward when I write to the client who is about to receive a large invoice from the PAYE expert, offering him the fee protection going forward. He would more than likely have saved himself the best part of £10k if he had renewed the insurance from previous years. I can’t be responsible for everything though can I?
I’m sure it’s not just me but I do have feelings of guilt when HMRC find something wrong with clients records. There is no insurance I can buy to make that feeling go away. Not even PI does the job!
Report argues that the government must change the way it makes tax and budget decisions
Committee expresses concern about costs to businesses and April 2018 implementation date
Drastically fewer offices for HMRC in the hope to reduce their running costs
An 80% increase in additional revenue for HMRC coincides with a crackdown on income tax avoidance