should be given to all employees who were still on the payroll at 5th April 2015. The deadline to do this is May 31st, but it may help with good staff relations if this were done now. Some employees will need the P60 for mortgage or student loan applications.

 
If I run a coffee shop where I make a standard profit per cup, and I face competition from another shop across the street which makes the same profit per cup, then I would expect both of us to be paying the same tax per cup. If it turns out that the other shop is part of a multinational chain which only pays tax when it feels like it, then I am entitled to put that down to the incompetence of our tax collectors. This does matter because money not paid in tax is available for reinvestment in a more attractive shop, better coffee-making machinery, and more staff training, so a lighter tax burden for a competitor is blatantly unfair.

 
One effect of the Construction Industry Scheme for many businesses in the building trade is that they will pay too much tax during the year, and will need to claim a refund at the year end. Companies often have a loss to carry back to a previous year, and they may also claim a refund of corporation tax.

 
Reading through the handouts of various election candidates, it would appear timely to remind accountants of the different types of death duty that may be encountered. Suppose a person dies and leaves ten million pounds to five children, who each receive £2,000,000. There are two types of death duty that may be charged.