HMRC after a share of your Honey Sales?

[RosieMc]

So let me get this straight... In light of everything that's happened recently, HMRC are opting to go after "makers and sellers of craft items" for a few pennies of extra tax instead of going after the multi-millionaire tax avoiders?

Unbelievable.

As in Amazon, Starbucks, Facebook, Google, Apple, Ebay,

and then
http://www.dailymail.co.uk/news/article-2287216/Revealed-One-UKs-companies-pay-tax.html

 

[charlievictorbravo]

As in Amazon, Starbucks, Facebook, Google, Apple, Ebay,

and then
http://www.dailymail.co.uk/news/article-2287216/Revealed-One-UKs-companies-pay-tax.html

Overseas-based companies that allegedly don't make any money in the UK - because they pay six times the market price for their coffee from their parent company or whatever other accounting fiddle they use - should be required to pay, say, 2% of turnover as an Access Tax, i.e. for getting access to our market. If they don't make a profit, they can close down and leave the market clear for UK-based companies.

CVB

 

[jd101k2000]

I am not defending those large, named companies, but I do wonder how much they contribute to the Exchequer in VAT and PAYE contributions.

It's a bit of a problem with the tax law really... like when you (occasionally) see an item at the supermarket that is 99p for an item or a 'special offer' of £1.99 for 2. You want two - do you insist that they are checked out individually or pay the extra penny?

[For the record, I insisted that I pay £1.98 for the two.]

Few of us would volunteer to pay more tax than we needed to. Few of us would deliberately break the tax law. As a small business owner, the last thing that I would want is a more complicated tax law.

 

[alldigging]

I am not defending those large, named companies, but I do wonder how much they contribute to the Exchequer in VAT and PAYE contributions.

Don't confuse PAYE with being an income for the HMRC. Low paid workers often take plenty out in tax credits: WTC and CTC.

 

[Ely]

Overseas-based companies that allegedly don't make any money in the UK - because they pay six times the market price for their coffee from their parent company or whatever other accounting fiddle they use - should be required to pay, say, 2% of turnover as an Access Tax, i.e. for getting access to our market. If they don't make a profit, they can close down and leave the market clear for UK-based companies.

CVB

It winds me up when people defend starbucks with lines like 'Ah but they provide job opportunities'. Really? What about all the family run businesses that where closed down as a result of not being able to compete? You know the ones that when you walked in they were lovely friendly places that did normal coffee and not american muck that makes you want to vomit straight after. The ones that you could still afford to feed your kids after a visit.

 

[Swarm]

It winds me up when people defend starbucks with lines like 'Ah but they provide job opportunities'. Really? What about all the family run businesses that where closed down as a result of not being able to compete? You know the ones that when you walked in they were lovely friendly places that did normal coffee and not american muck that makes you want to vomit straight after. The ones that you could still afford to feed your kids after a visit.

Bring back the good old Italian cafe.

 

[jenkinsbrynmair]

Bring back the good old Italian cafe.

But then - all those outside the South and South West Wales coalfields wouldn't have a scooby doo what we were on about!. Here we had a choice - Cresci's, Carpanini's (good old Joe - love him), Dallavalle, Windsor cafe (Biella's) and the other Crescis!

 

[thenovice]

So let me get this straight... In light of everything that's happened recently, HMRC are opting to go after "makers and sellers of craft items" for a few pennies of extra tax instead of going after the multi-millionaire tax avoiders?

Unbelievable.

Who will fight back you think?

 

[HM Honey]

I have Always declared all my cost and sales to HMRC, ever since I started the hobby. Every year so far, I have ended up getting a couple of hundred quid back from them. The bee keeping is a loss making venture at the moment, due to the high set up costs. I also claim mileage for any driving I do related to my beekeeping, so for example when I go check on my bees, I claim 8 miles at 45p per mile (45p is HMRC's std rate)

As it was declared as a business though, I have been able to claim back 20% of anything that I have spent. This year will be my first year in profit so I will have to pay tax but I'm not bothered about that tbh.

 

[Russel]

Overseas-based companies that allegedly don't make any money in the UK - because they pay six times the market price for their coffee from their parent company or whatever other accounting fiddle they use - should be required to pay, say, 2% of turnover as an Access Tax, i.e. for getting access to our market. If they don't make a profit, they can close down and leave the market clear for UK-based companies.

CVB

I'm surprised they've not applied for "not for profit" or "charity" status

 

[user 6228]

Overseas-based companies that allegedly don't make any money in the UK - because they pay six times the market price for their coffee from their parent company or whatever other accounting fiddle they use - should be required to pay, say, 2% of turnover as an Access Tax, i.e. for getting access to our market. If they don't make a profit, they can close down and leave the market clear for UK-based companies.

CVB

its not new ... in the early 1980s' I worked for a U.S. company. THey made some of the products, we made some different ones. The internal transfer price from the U.S. to the UK company was above the UK selling price. The internal transfer price from the UK to the US was below the cost of production in the UK. (note our costs were lower than the U.S.)