Blears - be my tax adviser, please
So Hazel Blears, communities secretary is to pay about £13,000 in capital gains tax on the sale of her second home.
As many readers of this site have pointed out she doesn’t actually have to pay the tax and, even if she did, she doesn’t appear to be paying any penalties or interest on the overdue amount.
If only Blears could represent all of us in our tax affairs life might be so much easier when it came to dealing with the tax man. I do wonder how HMRC would react if I sold a second home without paying the tax due. Most of us won’t have the benefit of being able to wear our tax hairshirts in public in a bid to gain positive PR. We’d just be stuck with the bill, the penalty and possibly a prosecution if it were shown we were engaged in evasion.
Blears – be my tax adviser, please.
More about:
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceLeveson enquiry unearths more than just phone hacking Read More...
View articleMuch to learn from the debacle over investment bank's tax Read More...
View articleInternational standard setter should Sharman's call on going concern Read More...
View articleSupreme Court will hear the case for accountants having legal privilege Read More...
View articleBaker Tilly has seen a surprising proportion of equity partners switch to salaried status Read More...
View articleSOCIAL MEDIA – love it or loathe it, our readers are talking and debating it. More importantly, they are wondering just how it fits into their b...
View article