Wasn't retrospectively, it was always 'wholly & exclusively'.
If you built a website for your EMPLOYER and linked to your own private business then you would be lucky if you only got a slap on the wrist.
They used the expenses to supplement their earnings, again you would be shown the door for that.
They claimed for expenses for things that didn't exist. You would probably be arrested for that.
They brutally exploited the tax system for their own profit in a way a normal citizen would have been prosecuted for (flipping homes).
no sympathy. The judges saw it that way as well.
Now if they had put their earnings into a perfectly legal (at the time because most high earners were doing it and many lawyers wrote that it was legal) offshore trust then they suddenly said hey you owe tax because we don't LIKE what you are doing. However they were I suppose covered by artificial construct to avoid tax, but these were clearly declared to HMRC ahead of time.
So if they can find a few high profile legal experts to put in writing that cleaning their Moat, buying duck houses, claiming mortgage payments for a mortgage that had been paid off, for buying expensive furniture for a private home, renting porno movies or your sisters back bedroom when you never stayed there was wholly & exclusively then I'll start feeling sorry for them.
I don't have any investment in BN66 I thought it was trouble when I first saw it and preferred paying the tax. Now I know it was to feather multi millionaires nests I wish I had done that.
If you built a website for your EMPLOYER and linked to your own private business then you would be lucky if you only got a slap on the wrist.
They used the expenses to supplement their earnings, again you would be shown the door for that.
They claimed for expenses for things that didn't exist. You would probably be arrested for that.
They brutally exploited the tax system for their own profit in a way a normal citizen would have been prosecuted for (flipping homes).
no sympathy. The judges saw it that way as well.
Now if they had put their earnings into a perfectly legal (at the time because most high earners were doing it and many lawyers wrote that it was legal) offshore trust then they suddenly said hey you owe tax because we don't LIKE what you are doing. However they were I suppose covered by artificial construct to avoid tax, but these were clearly declared to HMRC ahead of time.
So if they can find a few high profile legal experts to put in writing that cleaning their Moat, buying duck houses, claiming mortgage payments for a mortgage that had been paid off, for buying expensive furniture for a private home, renting porno movies or your sisters back bedroom when you never stayed there was wholly & exclusively then I'll start feeling sorry for them.
I don't have any investment in BN66 I thought it was trouble when I first saw it and preferred paying the tax. Now I know it was to feather multi millionaires nests I wish I had done that.

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