tag:blogger.com,1999:blog-6693950082152211516.post2990632100848787749..comments2023-10-26T00:08:26.205+01:00Comments on The Boiling Frog: The Budget And HMRCTheBoilingFroghttp://www.blogger.com/profile/00791961503315586243noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6693950082152211516.post-71112697457617182712014-03-31T12:46:52.854+01:002014-03-31T12:46:52.854+01:00Good article, after the first days of the Budget o...Good article, after the first days of the Budget one has to look very carefully for the catches in the small print. This is not what we expect in a so called free democracy. Unfortunately we do not live in any such Country, more and more of the freedoms we took for granted are disappearing day by day!derek.buxton1https://www.blogger.com/profile/07892239671837618514noreply@blogger.comtag:blogger.com,1999:blog-6693950082152211516.post-74298290096303293342014-03-30T16:18:01.932+01:002014-03-30T16:18:01.932+01:00By its nature a "cryptocurrency" must be...By its nature a "cryptocurrency" must be secret - so how do you persuade the butcher, the baker, the bus driver or builder to accept it and, even if you can, how is it stabilised as a secure store of value? If it has no central authority and no intrinsic value, why should anyone trust it?<br /><br />Not quite as simple as it may have appeared at first blush, I think. Although it is, of course, a nice idea.<br />Edward Spaltonhttps://www.blogger.com/profile/04168350315689612490noreply@blogger.comtag:blogger.com,1999:blog-6693950082152211516.post-21498599485953434452014-03-30T15:10:29.161+01:002014-03-30T15:10:29.161+01:00The simple answer to this then is to adopt a crypt...The simple answer to this then is to adopt a cryptocurrency, which by it's very nature is not centralised, far out of the reach of government and based on consent the taxation of citizens would be voluntary and I think much better spent for fear of having the "revenue|" squeezed come the time of renewal.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6693950082152211516.post-91856911252176717012014-03-30T12:39:37.045+01:002014-03-30T12:39:37.045+01:00Exactly, it will leave a lot of SME's in troub...Exactly, it will leave a lot of SME's in trouble...those are the ones HMRC will go for first because they can be more easily bullied. The lack of any independent oversight is truly worrying.TheBoilingFroghttps://www.blogger.com/profile/00791961503315586243noreply@blogger.comtag:blogger.com,1999:blog-6693950082152211516.post-42532149821580440272014-03-30T12:37:08.677+01:002014-03-30T12:37:08.677+01:00That thought crossed my mind tbh when the measure ...That thought crossed my mind tbh when the measure was justified on the basis that other European countries like France do it.TheBoilingFroghttps://www.blogger.com/profile/00791961503315586243noreply@blogger.comtag:blogger.com,1999:blog-6693950082152211516.post-15357644743288741392014-03-30T08:40:46.685+01:002014-03-30T08:40:46.685+01:00This was one that had passed over me, until i saw ...This was one that had passed over me, until i saw it mentioned in one of the comments on EU Referendum.<br /><br />I had a company car for a few years (not had it for 4 years now) but its taken for ever to to get straight via HMRC (not helped by the fact i am PAYE) so 2009 i got a note saying I owed £1400 so they adusted my tax code, 2010 - got a £1250 rebate, 2011 i owe £950 adjusted tax code, 2012 - £1000 rebate 2013 I owed £160 adjusted tax code.<br /><br />Now adjusting tax codes is one thing, but just to swipe it from a bank account, well that could have left me up the creek, especially as its clear it was their error in the first place (otherwise why the rebates) - Unless of course they are just planning to take £2000 from many people and small businesses, give them it back next year when they do the same to many other people and small businesses - ideal way for a system of interest free loans?Jimhttps://www.blogger.com/profile/00373005279697295131noreply@blogger.comtag:blogger.com,1999:blog-6693950082152211516.post-67975389736964782332014-03-30T07:23:28.142+01:002014-03-30T07:23:28.142+01:00I recall a report from a British resident in Spain...I recall a report from a British resident in Spain that the Spanish tax authorities have this power. Unfortunately I did not make a note or file the report but I would bet a pound to a pinch of snuff that this is another example of EU "harmonisation"Edward Spaltonhttps://www.blogger.com/profile/04168350315689612490noreply@blogger.com