Monday, 28 October 2019

Taxing Matters (or Who Needs An Accountant?)


After http://www.breakinglaw.co.uk/search/label/tax%20appeals perhaps I should be kinder to the taxman - and especially as my return for 2018/19 is awaiting his scrutiny.

HMRC has a new online customer forum where you can post questions on a range of tax topics that are answered by HMRC experts. Anyone can view the forum. I wouldn't suggest anything like 'I have never disclosed my profit for driving a minicab on the side. Where do you suggest I hide the money?'

But 'My ISA provider told me that if I took my interest monthly then I would be taxed on it. Isn't this nonsense?' would be okay. Actually, I asked it on Friday last week and they answered it today. It is nonsense. No, not their answer!

Go to https://community.hmrc.gov.uk to register. It's free.