HMRC has a system where penalties can be applied from 0-100% of the underpaid tax. Presumably, they have not yet assessed what to do in this case and may yet apply penalties. The penalty scheme goes.… (View Post)

I think the talking heads were unaware of the complication around the trust for her son...? (View Post)

Generally, most errors in tax payment are dealt with as mistakes and you just pay what was owed (+ interest). Very few cases lead to any prosecution. (View Post)

How sad. I love "In Our Time", a great example of what the BBC can do. (View Post)

For those who haven't clicked, the top 5 countries by debt to GDP ratio are... Sudan Japan Singapore Greece Bahrain (Who's lending money to Sudan?!) The UK is 15th. (View Post)