In most small businesses that I deal with, the yield from national insurance exceeds income tax, but now more detailed records need to be kept for the three tiers of thresholds. The rules are different – and a major factor in the introduction of the controversial IR35 – but the money all goes into the same pot. For a PAYE inspection, two different inspectors are sent out to enforce the separate sets of rules for money collected from the same source.
It’s the equivalent of the old outside toilet.
Drastically fewer offices for HMRC in the hope to reduce their running costs
Tayabali Tomlin and d&t directors launch £20 a month TaxGo service, aiming to be the 'biggest UK firm' by client numbers
Companies must report on their complex financial structures including offshore accounts and notify HMRC
An examination by the Public Accounts Committee (PAC) has revealed serious concerns relating to HMRC’s plans