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A VAT questionnaire for ghosts and moonlighters

A VAT questionnaire for ghosts and moonlighters

HMRC’s Hidden Economy Teams (HETs) search for individuals and businesses who illegally evade tax and VAT as ‘ghosts’ and ‘moonlighters’. Ghosts operate unseen in the hidden economy until HMRC track them down, whilst moonlighters can often be known to HMRC and may be declaring one source of income, but hiding another. HMRC has produced a […]

Average UK family’s tax bill hits £25k

A study by the Tax Payers’ Alliance has determined that the average household contributed £24,781 in tax in the financial year 2016/17, a rise of £1,500 on the year before. John O’Connell, chief executive of the TaxPayers’ Alliance, commented: “With the tax system more complicated and opaque than ever, it’s time for fundamental reform to […]

How quickly they forget !!

Budget

The Chancellor has announced that the Government will raise the national insurance (NI) rate for the self-employed. But wasn’t this the same party which, in its election manifesto of just two years ago, said it would not increase NI? Behold the evidence…  

North Down Business Awards

Best Family Business sponsored by Hamilton Morris Waugh Open to North Down based family businesses who have at least two generations working in the business. Entrants must explain their business, the family roles and their plans for succession to ensure the continuation of the business. WEBSITE: www.northdownbusinessawards.com SPONSOR: Hamilton Morris Waugh are delighted to be […]

Happy Tax Freedom Day!

Happy Tax Freedom Day!

Summer is here and at long last we have reached Tax Freedom Day ! The Taxpayers Alliance and Adam Smith Institute has calculated how much of the year the average taxpayer needs to work in order to contribute their share of the total tax burden before we can start earning for ourselves. This year, it […]