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General Tax
‘So to bed, my mind very full of business and trouble.’ (The Diary of Samuel Pepys 13 September 1661)
Sometimes when I find it hard to sleep after a long day tussling with impenetrable tax legislation, rather than counting sheep, I play the alphabet game. This is something invented by my Nan when I was young in an attempt to get me to drop off before dawn. The rules are simple: choose a subject and then work through the alphabet naming something to do with that subject for each letter.
A couple of nights ago I wondered if I could do it with tax but I fell asleep before I got to ‘B’ (it always works but that was some result). I thought I’d have another try and this is what I came up with. For the insomniacs amongst you it should work like a charm.
- Alternative property finance relief
- Benefit-in-kind
- Combined nomenclature
- Disaggregation
- Enterprise investment scheme
- Flat rate scheme
- Gaming duty
- Herd basis
- Insurance premium tax
- Jaffa cake
- K (PAYE code used when untaxed income is greater than tax-free allowance)
- Landfill reverse fluff layer
- Mini one-stop shop
- Negligible value claim
- Option to tax
- Private residence relief
- Qualifying recognised overseas pension scheme (QROP)
- Reverse charge
- Seed enterprise investment scheme
- Tonnage tax
- Umbrella collective investment scheme
- Vaccine research relief
- Warehoused goods
- Xystus (Latin: covered walkway)
- Year of assessment
- Zero-rate
Done it (with a bit of cheating). Nan would have been proud of me apart from that cheating (she was strict).
Tax lawyer specialising in business tax, SDLT and VAT
