BN66 - Time to fight back!!!

[smalldog]

hehe, ..I dont want a sympathy vote. Just pointing out we arent paying zero tax..you dont pay attention do you...I didnt say it was a lot or justified just that it wasnt zero...come on guys get with the agenda...

[Gooner99]

Mal, fyi I paid £150k last year in stamp duty and tax on my property business..if you are in the mood for a "who paid the most tax overall" bring it on!

Smalldog,

What planet do you live on? Sounds like the air is pretty thin up there, or are you genuinely thick?

Gooner

[DonkeyRhubarb]

Alan Jones

You might have missed this earlier post from a new member.

http://forums.contractoruk.com/557136-post628.html

Remember, this is the guy who's behind Tim Warr's scheme and ir35amnesty.

[BrilloPad]

Smalldog,

What planet do you live on? Sounds like the air is pretty thin up there, or are you genuinely thick?

Gooner

I really feel for you brother - you are clearly a very angry man/boy. You should join tpd...

[BrilloPad]

the MTM vs Jones & morris case was re-scheduled for september.......cos........can you guess why........NO well let me tell you.....

trial date was for this july (as you know) but jones got it vacated claiming with a medical report that he is "nuts " suffering from bi polar sydrome and unable to stand trial.

Whats that all about?

Sorry if you know this however cant bothered to read all thread

What is this about?

[BrilloPad]

You might have missed this earlier post from a new member.

http://forums.contractoruk.com/557136-post628.html

Remember, this is the guy who's behind Tim Warr's scheme and ir35amnesty.

WTF is he on about?

[DonkeyRhubarb]

MTM vs. Jones & Morris

WTF is he on about?

Alan Jones is the guy working with Tim Warr (bn66.co.uk).

Jones and another guy Giles Morris worked for/with MTM in the beginning but then fell out and "allegedly" stole the concept and client list to set up a rival scheme. MTM instigated legal proceedings against them. It's taken several years to get to court but it sounds like it was meant to happen in July but has been delayed because of Jones' alleged mental illness.

I'll leave you to draw your own conclusions about the credibility of Tim Warr's offer to help us.

[max]

hehe, ..I dont want a sympathy vote. Just pointing out we arent paying zero tax..you dont pay attention do you...I didnt say it was a lot or justified just that it wasnt zero...come on guys get with the agenda...

so out of interest how much "tax" would you pay on say £150,000 revenue?

[smalldog]

so out of interest how much "tax" would you pay on say £150,000 revenue?

dont really see the relevance, but on what??

my contract income. or my property business if I were to liquidate an asset?

If income from work then I would leave it in my property business account (which I invoice all my work through) and continue to pay myself £2000 net per month plus my TAX and NI which costs my company roughly £2800 per month. Yes can you believe it, I pay PAYE!!!! I have found the lord I would then look to invest the remainder minus a provision for CT on profits from any gain....so on that basis very rough calc....

2000 X 12 = 24000
800 X 12 = 9600

150,000 - 33600 = 116400 to reinvest minus Corp tax....

I might at some point decide to pay myself a div but to be honest Im all about capital growth, quite happy with my meagre wage for the time being....

If liquidating an asset then reinvest the bulk of it minus a provision for CT at year end on any gains in a high interest a/c. Alternately if I thought I would be able to recoup the CT payment elsewhere before it becomes due then I'd also reinvest that on the basis I could pay it another time...

Going to ignore gooner...jeez..arsenal supporters for ya!

[Gooner99]

I really feel for you brother - you are clearly a very angry man/boy. You should join tpd...

Steady on, old chap - just trying to keep the thread on track.

You guys are soooooo sensitive.....