Down

[Churchill]

I was responding to AtW's specific question about how I felt about how much or how little someone else paid in tax.

Btw, there's nothing "fair" about taxation.

It was not my question cretin.

I apologise, it was in response to FullyAutomatix.

[AtW]

I apologise, it was in response to FullyAutomatix.

Apology accepted.

[Incognito]

Apology accepted.

Apology acceptable accepted.

[minestrone]

While I never agreed with the system the "I told you so, I was right all along" attitude stinks when the impact to some users of the site could be huge.

[Sockpuppet]

While I never agreed with the system the "I told you so, I was right all along" attitude stinks when the impact to some users of the site could be huge.

There is risk and reward in everything. The reward with these schemes is less tax paid the risk is that HMRC won't see it the same as the people selling the scheme and it'll land you with a bill. You can argue all day long about if it was legal or not at the end of the day its only legal when its been tested in court.

As i said before you pays your money you takes your chance. I don't wish the tax man chasing anyone that used this scheme but neither will I offer any sympathy if they lose the case. Everyone is a grown up and they all have to decide for themselves how much "risk" they are willing to take in day to day life to get the rewards.

[SimonMac]

I've been trying to follow this and it seem's some people are arguing for the sake of arguing based on the post they are referencing.

The way I see it this comes down to two points:

Exploitation of legal loopholes and retrospective clawing back of cash.

Anyone who objects to the exploitation of legal loopholes are talking out of their arse's, and if they do object to it while paying themselves a minimal salary and taking the rest in dividends are a hypocrite as as I can see that is just another legal loophole, which the HMRC have tried to close with IR35.

As for the retrospective clawing back of cash, I think this is a valid point for appeal as it saying you didn't didn't do anything wrong at the time but we are gonna change the law so that you did.

[Incognito]

Exploitation of legal loopholes and retrospective clawing back of cash.

Anyone who objects to the exploitation of legal loopholes are talking out of their arse's, and if they do object to it while paying themselves a minimal salary and taking the rest in dividends are a hypocrite as as I can see that is just another legal loophole, which the HMRC have tried to close with IR35.

As for the retrospective clawing back of cash, I think this is a valid point for appeal as it saying you didn't didn't do anything wrong at the time but we are gonna change the law so that you did.

You don't understand the finer details of the case. You cannot compare this to IR35. IR35 is about working practices and being a disguised employee. It was to stop people being permie one day and a contractor the next.

BN66 was about clarifying a loophole which had already been closed back around 1987. This was being deliberately exploited even though the whole intention of the '87 legislation was to stop the abuse of the DTA.

It's not a legal loophole and as the Courts said, HMRC have more important things to do than hunting down offshore accounts. This isn't gloating either, nobody forced them down that route, they took the chance and it hasn't worked out. That is what risk is all about.

[shaunbhoy]

You don't understand the finer details of the case. You cannot compare this to IR35. IR35 is about working practices and being a disguised employee. It was to stop people being permie one day and a contractor the next.

BN66 was about clarifying a loophole which had already been closed back around 1987. This was being deliberately exploited even though the whole intention of the '87 legislation was to stop the abuse of the DTA.

It's not a legal loophole and as the Courts said, HMRC have more important things to do than hunting down offshore accounts. This isn't gloating either, nobody forced them down that route, they took the chance and it hasn't worked out. That is what risk is all about.

Mon Incog. Why are you not in the CUK Fantasy Football League yet? Scared, ya big Jessie?

[Troll]

Mon Incog. Why are you not in the CUK Fantasy Football League yet? Scared, ya big Jessie?

Football is for pooftas

[Incognito]

Mon Incog. Why are you not in the CUK Fantasy Football League yet? Scared, ya big Jessie?

I'll throw a team together tomorrow min.