Originally posted by Unix
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Even more powers for HMRC
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Originally posted by StrengthInNumbers View PostSomething like this will be sooooo gooood but then what will happen to 100s of jobs at HMRC? Let's keep it complicated and armies employed
There are no tax reliefs, personal or corporate and instead turnover is taxed at 5% flat rate.
No very progressive of course so perhaps a couple of bands.
how long before you think people/companies will find ways to manipulate the turnover?
Once that greed/need demon is loose, all reason and logic is a victim.Best Forum Adviser & Forum Personality of the Year 2018.
(No, me neither).Comment
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Originally posted by webberg View PostTake it to the logical conclusion.
There are no tax reliefs, personal or corporate and instead turnover is taxed at 5% flat rate.
No very progressive of course so perhaps a couple of bands.
how long before you think people/companies will find ways to manipulate the turnover?
Once that greed/need demon is loose, all reason and logic is a victim.
1) limited company can only be paid into bank account.
2) whatever gets paid in - pay 25% as tax and go home with whatever left.
Keep it simple and stupid and it will work.Comment
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Originally posted by DonkeyRhubarb View PostThe other laughable thing is that avoidance only represents a small fraction of the total tax gap.
See pie chart on page 13.
https://www.gov.uk/government/upload...e_20141014.pdf
Virtually every tax payer has experienced the breathtaking incompetence within HMRC, and the national press enjoy a good poke every so often, yet HMRC don't appear anywhere on the pie chart. Astounding.Comment
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Originally posted by DonkeyRhubarb View PostOn the face of it sounds simple.
Politicians talk about extracting £xBn from tax avoiders as though the money is just sat around in suitcases under people's beds doing nothing productive.
In reality, it ain't that simple.
The main thing keeping me here is $$$. And drinking on Mondays.Comment
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