Originally posted by varunksingh
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Careful there - the treasury may just take your statement literally - next Ltd Cos will be considered Aggressive Tax Avoidance structures. I take your point but I'm not sure I would have put it like that. -
All in all it makes me question whether its really worth it.
If HMRC are given the right to basically claim what they like, when they like, and retrospectively backdate it to whenever they feel like (an over simplification I know but I can't be the only one who thinks we're not far of it) - then really, what is the point?
Future years of wondering if HMRC will change the rules and move the goalposts again and again and again.
I can't be the only one for the off...........Comment
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I don't think it matter what I write or say here but Moderator is well come to delete my post if it can harm anyone.Originally posted by TheDandy View PostComment
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Why would it harm anyone? Everyone has their own idea of running their own company and I'm sure yours is different to mine.Originally posted by varunksingh View Post"I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
- Voltaire/Benjamin Franklin/Anne Frank...Comment
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Agree. I had 10 other reasons for joining an EBT. Does HMRC care? Similarly I have 10 reasons to run my limited company. Will HMRC care?Originally posted by cojak View PostComment
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I know it might all not be worth it but I will try what I can. If I take it lying it does not make it better. And who knows I might be able to move the needle wee little bit. For sure if all will try, it will make a diff.Originally posted by ScottW View PostComment
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Sorry it was meant in jest (tongue in cheek comment)!Originally posted by varunksingh View PostComment
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Just ten reasons? most EBT users had 10-20,000+ reasons....Originally posted by varunksingh View Post
Also limited companies are not going to be impacted by this real. IR35 is virtually the only means of attacking service companies without impacting other limited companies and no government will want to do that....
You seem to be randomly spreading ideas round without any basis in reality words and law.... Having shot down the idea that Section 9a covers limited companies (and it doesn't 9a is for the self employed and individual tax payers) is there any other unsubstantiated rubbish that you want me to shoot down with actual evidence.....merely at clientco for the entertainmentComment
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Hello eek - I know your point is valid and you are stating the reality of the situation but all that varuksingh is trying to do is to highlight in his and many other's view that this is unfair. He is not alone in this view. Though 65,000 people are potentially impacted many of these people have families/relatives who will be impacted and will lose homes, lose jobs and will not be able to get jobs again in certain sectors, made bankrupt and maybe take their own lives with all the stress. Many of the people affected are already suffering health issues and marriages/relationships are under strain. This retrospective legislation will only make things worse. Not that HMRC care about this. I reckon you're talking around 250,000 that will be touched in some form as a result of this.Originally posted by eek View Post
Varuk, However the reality is as of today this legislation will go through and the only hope is that it gets watered down in some form. In the meantime everyone needs to prepare for the worst. I know from your previous mails you are doing so.
Saw this:
HMRC Tax Planning Proposals Could Drive Promoters Offshore | The Economic VoiceComment
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Eek go back and read saleos post and tell me how u r sure that it is not going to affect Ltd co. If people don't want to see it then other matter. I'll stop arguing on this point.Comment
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