Originally posted by malvolio
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Previously on "Need rid of my accountant fast...Any good ones for under 50/pm"
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Here, here
NorthernladUk,
You took the words out of my mouth, for £50 pm you'd be lucky if he's still working in the correct tax year, get a new one and remember he's your accountant not your maid!?!
Ramp up the £50pm to £1500pm and I'll give you details of a tax solution so filthy you'll need and NDA and a bath afterwards.
In the words of Jerry Maguire - Show Me The Money
DG
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Originally posted by malvolio View PostAs long as contractors keep thinking they are a group of their own, we will always be vulnerable to localised attacks. I run a UK Limited Company, just like 1.4 million other people. That's all the taxman needs to worry about. If he thinks I shouldn't have a limited company, he'll have to figure out a way to stop me having one. What he can't do is tax mine on a different basis to any other SME.
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As long as contractors keep thinking they are a group of their own, we will always be vulnerable to localised attacks. I run a UK Limited Company, just like 1.4 million other people. That's all the taxman needs to worry about. If he thinks I shouldn't have a limited company, he'll have to figure out a way to stop me having one. What he can't do is tax mine on a different basis to any other SME.
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Originally posted by malvolio View PostAnd we let slip that they are fighting to retain an expense regime that returns a significnat profit forpersonal expenses we can't claim as businesses? Or that the average BigCo is paying less than 10% CT on total profits?
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Originally posted by malvolio View PostAnd we let slip that they are fighting to retain an expense regime that returns a significnat profit forpersonal expenses we can't claim as businesses? Or that the average BigCo is paying less than 10% CT on total profits?
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Originally posted by d000hg View PostDepends how they spin it. I think the public would support us until the MP lets slip the contractor earns over £100k per year, and pays less % tax than a binman.
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Originally posted by malvolio View PostNot personally, but I think someone may be moved to protest if a minister tries to enact retroactive legislation
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Originally posted by malvolio View PostNot really. Tax law changes (in fact, any law changes) cannot be retrospective. Changes to regulations and/or thresholds can only be backdated to the point they were announced. The exception is BN66 and that only happened because HMRC are trying to say that that's what the law always meant even though it wasn't what the law said.
So they can stop anything going forward - look at MSCs and onshore EBTs for example - and use anti-forestalling regualtions to stop it today, but in practice they can't touch yesterday.
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Originally posted by d000hg View PostAcceptable, but higher risk if they decide to change the rules retrospectively using the "come on, you knew you were taking the mickey" argument. This kind of thing would not anger Joe Public - highly contractors forced to pay back tax they wriggled out of - so HMRC could do it.
So they can stop anything going forward - look at MSCs and onshore EBTs for example - and use anti-forestalling regualtions to stop it today, but in practice they can't touch yesterday.
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Originally posted by prozak View PostAvoidance still is acceptable.
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Originally posted by prozak View PostAvoidance still is acceptable.
HMRC however are trying to muddy the waters to make it seem unacceptable.
I've also seen people talking about paying a "fair" amount of tax. WTF is that? Fair to me is as little as you can legally get away with so some governement department doesn't piss it up the wall.
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Originally posted by simonsjdaccountancy View PostAvoidance used to be acceptable. The Govt have been using the words evasion and avoidance in the same breath for a few years now to the extent that avoidance is now seem in the same light as evasion. Thinking about it, they don't even seem to refer to evasion anymore - just avoidance.
HMRC however are trying to muddy the waters to make it seem unacceptable.
I've also seen people talking about paying a "fair" amount of tax. WTF is that? Fair to me is as little as you can legally get away with so some governement department doesn't piss it up the wall.
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Originally posted by prozak View PostIts not evasion if you don't get caught.
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