Reply to: Official Contractor UK Budget Thread 2017

[SueEllen]

https://www.theguardian.com/business...ing-help-lines

It makes the government sound nice.

It's all about image.

[original PM]

https://www.theguardian.com/business...ing-help-lines

Yeah but 800 quid is better than a kick in the bollox?

[pjclarke]

Anthony Codling, analyst at City firm Jefferies, calculates that the average buyer spends £165,000 on a first home. The removal of stamp duty on a such a property will be worth £800 – small beer if you’re aiming for a 5% deposit, representing £8,250 in this example. “If the goal of the budget was to help increase home ownership, the wrong lever has been pulled,” was Codling’s common sense conclusion.

https://www.theguardian.com/business...ing-help-lines

[pjclarke]

Who knows, maybe he'll form his own limited company, divert all his income into it and ***** off whilst some other monkey deals with the fallout of his and May's ineptitude.

According to the Register of MPs interests, Hammond is a beneficiary of a trust that owns a housebuilding firm that, according to the Times has been engaging in the 'land banking' so demonised by, um Mr Hammond.


Philip Hammond’s housebuilding company has sat on undeveloped housing plot for 7 years

[bobspud]

Well, that's plan B sorted then

To be honest I think that Vat fraud is a little too much effort. Try this one on for size:

https://www.youtube.com/watch?v=9FdHq3WfJgs

[billybiro]

Amen.

Who knows, maybe he'll form his own limited company, divert all his income into it and ***** off whilst some other monkey deals with the fallout of his and May's ineptitude.

Calling Boris....

[WTFH]

Putting Official Receivers into hospital? You'll be competing with Brillo.

Got to get through divorce lawyers first.

Why don't you just get them into cycling. The unfit ones won't make it very far, and you just need to point the fit ones in the right direction.

[BrilloPad]

Putting Official Receivers into hospital? You'll be competing with Brillo.

Got to get through divorce lawyers first.

[northernladyuk]

Well, that's plan B sorted then

Putting Official Receivers into hospital? You'll be competing with Brillo.

[barrydidit]

Well, that's plan B sorted then

[bobspud]

If they sorted out VAT fraud they would get a lot of that money.

Had an eye opening experience of chatting with an official receiver a few years ago while sitting in a hospital A&E. The crux of the discussion was Vat fraud is virtually undetectable and nearly all the cases he had seen, were found out by pure chance rather than business intelligence. As it stood criminal gangs could open 50 businesses hit HMRC for a rebate on the very first return and zip off back into the distance. The work in finding those companies would tie inspectors up for years. At the time he was furious that anything under 2 million in fraud was automatically binned as uneconomical to chase.

That leaves an awful lot of space for lost revenue. And in most cases HMRC wouldn't even see it as a fraud case.

[SueEllen]

Did anybody notice in the budget document under policy decisions subsection avoidance,evasion,fraud & error...item number 39 avoidance and evasion:additional compliance resource how the numbers leap from £10M in 2018/19 to £170M the following year and again to £540M the year after and then to £740M by 2022/23. Just saying!

If they sorted out VAT fraud they would get a lot of that money.

[Yorkie62]

Did anybody notice in the budget document under policy decisions subsection avoidance,evasion,fraud & error...item number 39 avoidance and evasion:additional compliance resource how the numbers leap from £10M in 2018/19 to £170M the following year and again to £540M the year after and then to £740M by 2022/23. Just saying!

[Zero Liability]

We've missed your crap.

I'll make an effort to post a bit more. Just thought I'd comment on this since apparently HMT gets a good giggle out of unnerving contractors every Autumn, coincidentally just after Halloween.

[original PM]

One that slipped under the radar: they're opening up the Ordnance Survey MasterMap data

https://www.gov.uk/government/news/c...overnment-data

Useful ty!!