BN66; what the hell is going on over there?

[Iron Condor]

Ah, you see you’ve used the word ‘avoiding’. Avoiding tax is legal; evading tax isn’t.

I think there is a grey area in between.

Tax law cant cover every possibility and people know when they are taking the piss (normally when they openly say they exploiting a loophole). In this case the loop hole was similar to one that had been closed before. Therefore it begins to feel like tax evasion to me.

[AtW]

What, like operating a Limited Company of which you are sole shareholder and paying the income you earn from working as a temporary employee in dividends?

That can also be viewed as artificial in some or even many cases, however if you look at practical side of things going this route won't reduce tax from 40% to 3.5%.

[Mich the Tester]

people know when they are taking the piss

What, like people who charge 40-odd % tax on lot of people’s earnings and still don’t have enough money to waste?

[ratewhore]

I've worked through an umbrella company when required - works fine.

So have I, but that's not the point I'm making. I would rather be self employed than have to run a Ltd.

[Churchill]

I think there is a grey area in between.

The law cant cover every possibility and people know when they are taking the piss (normally when they openly say they exploiting a loophole). In this case the loop hole was similar to one that had been closed before. There fore it begins to feel like tax evasion to me.

Close the loophole and apply the rules after that particular loophole has been closed, not a number of years previously.

I think that in a nutshell is the issue.

IANAL

[Mich the Tester]

Close the loophole and apply the rules after that particular loophole has been closed, not a number of years previously.

I think that in a nutshell is the issue.

IANAL

[Moscow Mule]

So have I, but that's not the point I'm making. I would rather be self employed than have to run a Ltd.

Well, join a "contractor collective" and start an LLP.

[Churchill]

So have I, but that's not the point I'm making. I would rather be self employed than have to run a Ltd.

Yeah me too. However, agencies don't like self-employed people. Have you tried a "Partnership"?

Well, join a "contractor collective" and start an LLP.

Sorry.

[ratewhore]

Yeah me too. However, agencies don't like self-employed people. Have you tried a "Partnership"?

I've seen colleagues do it, and rapidly fall out.

I'm a lone wolf...

[chef]

I'm a lone wolf...

owwwwwwwwwwwww