Settlement Opportunity

[TheDandy]

sorry thought that was the idea of forums - for every day contractors to discuss issues with people in a similar situation to themselves. If the posts bother you don't read them.

Sigh!

[centurian]

sorry thought that was the idea of forums - for every day contractors to discuss issues with people in a similar situation to themselves. If the posts bother you don't read them.

TheDandy was trying to be subtle in his rebuke, so I'll spell it out for you in clearer terms.

In your previous posts, you've come very close to admitting that the loans were not loans at all - it was "my money in the first place".

If that is the case, you have committed fraud, because you made a deliberately false statement/omission in your tax returns.

Now every man and his dog knows that these loans are not loans, but HMRC can't prove that to a criminal standard. But if you admit that you knew that from the outset that these were not loans, you have committed tax evasion, not avoidance.

[cojak]

Settlement Opportunity

I haven't been keeping a close eye on this thread. I will in the future...

[AlCapone]

TheDandy was trying to be subtle in his rebuke, so I'll spell it out for you in clearer terms.

In your previous posts, you've come very close to admitting that the loans were not loans at all - it was "my money in the first place".

If that is the case, you have committed fraud, because you made a deliberately false statement/omission in your tax returns.

Now every man and his dog knows that these loans are not loans, but HMRC can't prove that to a criminal standard. But if you admit that you knew that from the outset that these were not loans, you have committed tax evasion, not avoidance.

What is said is irrelevant. These schemes were based on legitimate tax loop holes. It's avoidance not evasion no matter what comments are made here. If it was evasion why are the letters coming from the ANTI AVOIDANCE team?

[DonkeyRhubarb]

History repeating itself?

http://learning.blogs.nytimes.com/20...ype=blogs&_r=0

[AlCapone]

http://learning.blogs.nytimes.com/20...ype=blogs&_r=0

Yes the similarities between the murdering, bootlegging gangster and what we're discussing here are spookily similar. You're a genius.

[vern19]

Yes the similarities between the murdering, bootlegging gangster and what we're discussing here are spookily similar. You're a genius.

Ha, Ha. Let's not get off track. We're all on the same side here... Well apart from a few sanctimonious muppets chipping in now and again

[TykeMerc]

sorry thought that was the idea of forums - for every day contractors to discuss issues with people in a similar situation to themselves. If the posts bother you don't read them.

The warning about being careful what you write is simply because not only are these forums visible to HMRC we know and I believe have evidence that they DO read them.

Discussing things in a way that will either tip your hand to them or undermine part of your tax case isn't just unwise, it's suicidal.

[centurian]

What is said is irrelevant. These schemes were based on legitimate tax loop holes. It's avoidance not evasion no matter what comments are made here. If it was evasion why are the letters coming from the ANTI AVOIDANCE team?

On the contrary, what is known/said is exactly the difference between avoidance and evasion.

Making a deliberately false statement as part of using any tax claim is evasion. If you are claiming a loan relief, yet know full well at the outset that it is not a loan and is "your money" - that's evasion.

It's coming from the avoidance team - because they can't prove what you knew to a criminal standard - unless of course, you admit it.

[DonkeyRhubarb]

Typically when you join these schemes the only legal entitlement you have is for a small salary. You forfeit any right whatsoever to the monies invoiced from the agencies.

No matter what AlCapone says about it being "his money", it never was. In law, it belonged to the company. The company could have kept it and there would have been sod all he could have done about it.

Now HMRC may view the loans as disguised remuneration but there's never been any suggestion of fraud.