BBC Radio 4 Money Box on dividend tax, personal accounts etc

**northernladuk** · 6 January 2016, 15:27

Originally posted by pjclarke View Post

Presumably available on iPlayer later.

They got a version for Android?

**Scruff** · 6 January 2016, 23:18

Originally posted by northernladuk View Post

They got a version for Android?

iPlayer Radio for Android.

**TheFaQQer** · 7 January 2016, 11:12

Originally posted by northernladuk View Post

They got a version for Android?

Have you tried doing a search?

**DaveB** · 7 January 2016, 11:19

Anyone able to post a quick summary? Not had a chance to get on iPlayer to listen.

**northernladuk** · 7 January 2016, 13:15

Originally posted by Scruff View Post

iPlayer Radio for Android.

Doh... it was a play on words because it's got an 'i' in front of it so must be an Apple product... I fail. The cloak room is going to be sick of me turning up today but

**TheFaQQer** · 7 January 2016, 15:50

Originally posted by DaveB View Post

Anyone able to post a quick summary? Not had a chance to get on iPlayer to listen.

Digital accounts are coming (0834 onwards with HMRC) - voluntarily for people, will be mandatory for companies.

1134 onwards - quarterly tax returns. HMRC are listening, but everyone has misunderstood what they are proposing. Most businesses already have all the information every month or quarter anyway so it's just a case of telling HMRC. There won't be much work to do because it'll be a case of checking the figures that HMRC already have from various sources - including banks (not sure how, or why, or what consent is required here though!)

Accountants afterwards said that compulsory digital accounts is very concerning, not everyone uses digital things. Yes, businesses keep records but this shows a fundamental lack of understanding in how some businesses operate (with examples). Another accountant said quarterly returns showed a "fundamental naivety" about it all - there are nearly 5 million micro businesses and HMRC are clearly not listening to them.

After that, there was a bit about dividend tax for a guy who owns the company, splits with his wife, pays £30k each in dividends each year, and what did it mean for him. He hadn't been using his company for a few years, only started using it properly recently, and it'll hit him.

Think that was about it.

BBC Radio 4 Money Box on dividend tax, personal accounts etc