BN66 - Time to fight back (Chapter 3)

[ASB]

George Orwell must be turning in his grave!! We are completely there now doublethink has become a daily reality.

I think it was George Osbourne who said in the commons something like "1984 was a novel, not an instruction manual"

[ASB]

That only applied to PAYE avoidance scheme's - it does not apply to the scheme that is being discussed here. We know that because HMRC are not attempting to classify us as employee's of any kind.

If HMRC did try that, they would not be able to collect any tax.

I'm not sure. Firstly the regime was specifically extended to cover schemes which reduced NI, also surely HMRC view is that the partnership income is subject to schedule D at UK rates not IOM rates. Are they looking for NI as well or just TAX?

[BrilloPad]

I'm not sure. Firstly the regime was specifically extended to cover schemes which reduced NI, also surely HMRC view is that the partnership income is subject to schedule D at UK rates not IOM rates. Are they looking for NI as well or just TAX?

Just tax + interest. No NI, no penalties.

[Toocan]

I'm not sure. Firstly the regime was specifically extended to cover schemes which reduced NI, also surely HMRC view is that the partnership income is subject to schedule D at UK rates not IOM rates. Are they looking for NI as well or just TAX?

Dawn Steal-a-rolo's statement was specifically aimed at PAYE taxes - self employed NI is not collected via PAYE.

If Dawn's statement could have been used against the DTA scheme then HMRC would have tried it - they haven't.

[bananarepublic]

The trust income WILL be subject to NI on the same basis as the self employment income. This means that for most people the trust income will be taxed at 41% for those in the higher rate, not 40%.

[silver_lining]

reading the above I think I would give up entirely.

when I see posts like this, it just winds me up..... 'vampirious negateeti'... i.e. drainers that just feed on negativity.

If you are going to be negative be constructive.

[SantaClaus]

when I see posts like this, it just winds me up..... 'vampirious negateeti'... i.e. drainers that just feed on negativity.

If you are going to be negative be constructive.

I bet Blaster Bates still believes that old line that our taxes are used to hire more nurses

It's amazing how many permies used to trot that line out to me when I was contracting.

The govt. are trying to blur the difference between the words "tax avoidance" and "tax evasion". They have a 1 trillion or so hole in their finances thanks to Gordon's spending spree and need to plug the gap with money from decent hard-working people.

Fortunately, the courts know the difference between "avoidance" and "evasion", the first of which every person has a right to use.

[seadog]

Dawn Steal-a-rolo's statement was specifically aimed at PAYE taxes - self employed NI is not collected via PAYE.

If Dawn's statement could have been used against the DTA scheme then HMRC would have tried it - they haven't.

HMRC have stated that bhey made it clear to the tax profession and taxpayer that the DTA sceme died not work.

I assumed this refered to Dawn Primarola's statement in 2004. If you do not think it did when and how did HMRC make it clear the DTA woulod not work.

[BrilloPad]

when I see posts like this, it just winds me up..... 'vampirious negateeti'... i.e. drainers that just feed on negativity.

If you are going to be negative be constructive.

I bet Blaster Bates still believes that old line that our taxes are used to hire more nurses

It's amazing how many permies used to trot that line out to me when I was contracting.

The govt. are trying to blur the difference between the words "tax avoidance" and "tax evasion". They have a 1 trillion or so hole in their finances thanks to Gordon's spending spree and need to plug the gap with money from decent hard-working people.

Fortunately, the courts know the difference between "avoidance" and "evasion", the first of which every person has a right to use.

Alas CUK is full of trolls and wind-up merchants......

[Fog]

Next JR?

Are we not due for another JR (appeal) about now? Anyone know anything?