The first weeks and months of running your own small business can be seriously confusing, and Ian Spectre the Hector and his pals at HMRC sure don’t make it easy for the little guy! In this blog we explore estimated VAT bills – and why you need to watch out for them!
A fine principle which most of us aspire to.
For Ian Spectre, however, it’s a tad inconvenient, and he attaches the same level of importance to that statement as he does to moral values. Spectre and his HMRC posse are only bound by law. This blog shines a light on HMRC’s tendency to say one thing then do another. The topic in this case is Contractor Loan Schemes.
Ian Spectre came up with this idea while he was going through his old record collection. Back in the day he bore a striking resemblance to David Essex (as he repeatedly tells his colleagues and anyone else he corners), his fav track to air-guitar out to was always ‘Gonna Make You A Star’. That’s why he was so supportive of the HMRC’s STAR acronym.
Occasionally HMRC have been recognised for their less than cooperative ways, perhaps reminding us of someone who’s stuck in their ways and unpleasantly forceful? Well they’re at it again and their toddler-tantrum demands are going to affect you, so listen up…