Incoming tax increase for rest of us then I’m guessing.
TheChattyRat on
Did it ever have control? I speak with accounts departments from SMEs day in day out they don’t know their arse from their elbow. I bet the majority of missing tax is just human error. No doubt you get a few malicious actors on the take however.
shoulda-woulda-did on
How much do you reckon is just straight up laundered through only fans mules ?
merryman1 on
Fundamental feature of the Tory decade.
They just don’t understand that the functions of the state are not some sort of magic paranormal phenomena that just happen automatically.
This is the result of systematically underfunding and short-staffing so many of our vital state institutions to the point that we can now barely function as a proper country.
But this is all boring nerdy shit so no one in the electorate cares enough to make an issue out of it.
NuPNua on
I keep getting told that the government is killing small businesses but sounds like they have it better.
For at least a decade weve added arbitrary and pointless requirements to tax reporting because politicians want to rush in a change 2 days before budget day (tax returns for everyone on over 100k) or to show we are punished imagined cheats (IR35) or because ideology overrides actual policy execution (student loans).
The result is a Labyrinthine system that wastes mega-hours of civil service time, giga-hours of tax payer time and doesn’t even raise much revenue or incentivise any particular good behaviour.
We should have an omnibus bill to fix a tonne of that (change how slc payments are funded, scrap a bunch of definitional nonsense, standardise rates of tax, do away with cliff edges in both tax and benefits).
Even forgetting the saved time and expense (on both sides) this could be revenue neutral.
But its detail orientated and means actually doing stuff so it won’t happen.
sillysimon92 on
For me there was a point a couple years before the pandemic where I noticed new cleaning, facility, security (easy to start) companies started driving newer nicer vans than other companies.
It exploded during the pandemic, I imagine there’s a bit of massive debt bubble in small business.
wkavinsky on
That’s what happens when you underfund and cut staff (who generate far more revenue than they cost) constantly.
AnticipateMe on
How many small businesses are money laundering using it as a front though?
AlertString7493 on
Can’t blame them.
Gov is doing all they can to destroy them.
CreepyTool on
I run a small business. I pay my taxes, but boy do I push the limits of what is legal. But if I didn’t, I’d definitely have to cut at least a couple jobs.
Choose your poison.
As a software company, there’s also lots of stuff I can buy for “business use”.
I used to have more of a social conscience when it came to this stuff, but the state has well and truly beaten that out of me over the years.
I’m making as much money as possible for myself and my kids, and it’s as simple as that. Because things are only going to get worse, and you’ll either sink or swim.
phangtom on
Gotta level the playing field against large companies one way or another
SmashedWorm64 on
No shit – HMRC in recent years has been way too soft! Ever since the Jimmy Carr scandal drove a few contractors to extreme measures they have gone in the complete opposite direction.
That being said, payments on account are utterly ridiculous and backwards system, particularly for those leaving paid employment and being self employed for the first time. Having to pay 200% of the tax you owe is stupid.
14 commenti
Incoming tax increase for rest of us then I’m guessing.
Did it ever have control? I speak with accounts departments from SMEs day in day out they don’t know their arse from their elbow. I bet the majority of missing tax is just human error. No doubt you get a few malicious actors on the take however.
How much do you reckon is just straight up laundered through only fans mules ?
Fundamental feature of the Tory decade.
They just don’t understand that the functions of the state are not some sort of magic paranormal phenomena that just happen automatically.
This is the result of systematically underfunding and short-staffing so many of our vital state institutions to the point that we can now barely function as a proper country.
But this is all boring nerdy shit so no one in the electorate cares enough to make an issue out of it.
I keep getting told that the government is killing small businesses but sounds like they have it better.
Downvoted for paywall.
Without paywall:
https://archive.ph/55zqv
For at least a decade weve added arbitrary and pointless requirements to tax reporting because politicians want to rush in a change 2 days before budget day (tax returns for everyone on over 100k) or to show we are punished imagined cheats (IR35) or because ideology overrides actual policy execution (student loans).
The result is a Labyrinthine system that wastes mega-hours of civil service time, giga-hours of tax payer time and doesn’t even raise much revenue or incentivise any particular good behaviour.
We should have an omnibus bill to fix a tonne of that (change how slc payments are funded, scrap a bunch of definitional nonsense, standardise rates of tax, do away with cliff edges in both tax and benefits).
Even forgetting the saved time and expense (on both sides) this could be revenue neutral.
But its detail orientated and means actually doing stuff so it won’t happen.
For me there was a point a couple years before the pandemic where I noticed new cleaning, facility, security (easy to start) companies started driving newer nicer vans than other companies.
It exploded during the pandemic, I imagine there’s a bit of massive debt bubble in small business.
That’s what happens when you underfund and cut staff (who generate far more revenue than they cost) constantly.
How many small businesses are money laundering using it as a front though?
Can’t blame them.
Gov is doing all they can to destroy them.
I run a small business. I pay my taxes, but boy do I push the limits of what is legal. But if I didn’t, I’d definitely have to cut at least a couple jobs.
Choose your poison.
As a software company, there’s also lots of stuff I can buy for “business use”.
I used to have more of a social conscience when it came to this stuff, but the state has well and truly beaten that out of me over the years.
I’m making as much money as possible for myself and my kids, and it’s as simple as that. Because things are only going to get worse, and you’ll either sink or swim.
Gotta level the playing field against large companies one way or another
No shit – HMRC in recent years has been way too soft! Ever since the Jimmy Carr scandal drove a few contractors to extreme measures they have gone in the complete opposite direction.
That being said, payments on account are utterly ridiculous and backwards system, particularly for those leaving paid employment and being self employed for the first time. Having to pay 200% of the tax you owe is stupid.