As an actual real-life actual accountant, I indeed spend most of my January doing accountantly things. Which is why I only have time to blog eight or nine times a day at present.
I love this time of the year. Every day I deliver the joyous message to my clients of what their forthcoming contributions to The State will be. Of course, all bar one of my clients submitted their tax return back in July.
Being an actual real-life actual accountant rather than some self-promoting rent-a-gob political lobbyist, I understand that there’s always one problem client, isn’t there.
No, I am simply writing to all my clients reminding them of their January payments and listing out all the ways that The State will enjoy spending their money in the next year.
Needless to say, all of my clients, being ethical sorts, are delirious at the fairness of their tax liabilities for 2012/13. In fact, several of them are disappointed that there is no facility to increase their payments on account for 2013/14.
But given the time of year, I (being an actual real-life actual accountant) understand that there are those incompetent neoliberal accountants who continue to act for immoral and selfish clients who don’t look forward to telling The State about their finances.
So I thought it would still be an appropriate time of year for me to give you my top five tips for ethically completing a tax return:
- It is easy to be fooled by the fact that your self assessment tax return contains references to “reliefs” on page TR4 or Ai2. These pages should remain completely blank. Instead, you should be completing the details in boxes 17 and 18 on page Ai4 under tax avoidance schemes and including full details in additional information box 19.
- You won’t need the property pages SA105. This sort of rent seeking is immoral and should not be rewarded by failing to levy NICs on it. Instead you should treat the income as trading income and ensure that Class 2 and 4 NICs are paid.
- Likewise, seeing pages SA108 for capital gains is a warning sign. This might tempt you into considering that the sale of assets might be eligible for the lower rate of tax on capital profits. No, this should go on SA103F self-employment pages.
- You should complete the residence pages SA109 even if you are UK resident and domiciled. Hopefully, you will simply be declaring that you are not non-resident and not non-domiciled in the UK by not ticking any boxes. Do consider putting a note of gratitude to The State for your UK residence and domicile in the additional information box.
- Don’t forget to put a note in the additional information box on the tax calculation pages that the “Underpaid tax” section takes does not allow you to note that the UK Government is undercharging you.
If you do not find these tips useful you are either a tax expert like me or an immoral neoliberal.