BN66; what the hell is going on over there?

[Moscow Mule]

What was the total amount of tax actually paid in these arrangements vs what would have normally been?

3.5% vs 30-40% was the example given in the judgement.

The judges point was, essentially, that that isn't fair so you should expect what you get.

[Moscow Mule]

Don't know, don't care. My point is about the retrospective nature of this. It isn't the first time. I seem to recall Labour suddenly slapped a windfall tax on the profits of oil companies. They're getting the UK a bad reputation.

The judges argument is that when it's massively blatant (as he considers 3.5% vs 30-40%) then anything is justified.

[NickFitz]

Artificial arrangements for avoiding tax are not sensible in my opinion.

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?

[Mich the Tester]

The judges argument is that when it's massively blatant (as he considers 3.5% vs 30-40%) then anything is justified.

In that case the judge is a cretin. (and probably a member of the Labour party)

[ratewhore]

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?

Try working through an agency without one...

[Moscow Mule]

In that case the judge is a cretin. (and probably a member of the Labour party)

That's as maybe, and likely to be debated by a higher court.

[NickFitz]

Try working through an agency without one...

I do. I use an umbrella company and am paid under PAYE.

[Moscow Mule]

Try working through an agency without one...

We'll all be glorified typists soon enough...

[Churchill]

Try working through an agency without one...

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

[AtW]

3.5% vs 30-40% was the example given in the judgement.

That's not sensible surely?