Why should my MP worry about retrospective taxation on avoiders?

[cailin maith]

HMRC can argue what they want. I am confident that I would prevail at a tribunal.

And so were the BN66 guys.

But HMRC didn't bother with the Tribunal, they thought about it - then changed their minds. They simply introduced the retrospective legislation.

[porrker]

HMRC can argue what they want. I am confident that I would prevail at a tribunal.

The key figures to me ar 3 ro 5% and 30%. I can see a difference there.

So where is the cutoff between fair and unfair 10% or 25%? The vast majority of contractors limit their liabilities through artificial arrangements. We are just arguing over semantics now and as another post said you are justifying it to yourself!

[speling bee]

So you'd be happy if it the purported legislation was applied on your earnings, retrospecitively?

I am not saying morality is unimportant. That is the argument of the s58 guys.

[speling bee]

And so were the BN66 guys.

But HMRC didn't bother with the Tribunal, they thought about it - then changed their minds. They simply introduced the retrospective legislation.

The Queen of Darkness appears.

[speling bee]

So where is the cutoff between fair and unfair 10% or 25%? The vast majority of contractors limit their liabilities through artificial arrangements. We are just arguing over semantics now and as another post said you are justifying it to yourself!

As I said before: I am not sure where the line is but I know which side 3% is on.

[SupremeSpod]

As I said before: I am not sure where the line is but I know which side 3% is on.

So do I, legal until the laws are changed.

[speling bee]

So do I, legal until the laws are changed.

And they have been.

[SupremeSpod]

And they have been.

Not all of 'em. There's plenty of other ways to mitigate your tax liability.

There is information on this site that shows you how to arrange your affairs so that you can still receive child benefit, and put 10 grand in your pension pot for a net cost of 2.5k, all perfectly legal and above board.

http://www.contractoruk.com/money/co...nefit_cut.html

[Robinho]

Are you serious Robinho?

Yes. If you're operating as a business for a year. Why does it makes a difference if you're doing it for 3 years?

HMRC might be more likely to take a look as it gets longer, but it doesn't change the nature of the relationship just because it's lasted a long time.

[vetran]

The Queen of Darkness appears.

This from the Prince of hypocrisy?


You are a retrospectively a tax evader <placeholder>