Income Shifting

[dude69]

already a thread in Accounts section on this.

Please close this thread.

[shaunbhoy]

I take it Govt will tax Peter Greens wise who is getting all the money tax free from extensive business holdings controlled and managed by Mr Green.

Not if he makes a big enough donation.

[BA to the Stars]

"The Government firmly believes it is unfair that some individuals can arrange
their affairs to gain a tax advantage by shifting part of their income to another
person who is subject to a lower rate of tax."

Fair that some MP's

[AtW]

"The Government firmly believes it is unfair that some individuals can arrange
their affairs to gain a tax advantage by shifting part of their income to another
person who is subject to a lower rate of tax."

I take it Govt will tax Peter Greens wise who is getting all the money tax free from extensive business holdings controlled and managed by Mr Green.

[BA to the Stars]

And over-arching contracts with EBs. Direct is the only way to go...

As part of the 30% of Government contracts to be awarded to SME's

Work direct for us and we can keep an eye on you hmmmm

[Moscow Mule]

Also see 4.70 - they are keeping an eye on travel expenses claimed via brolly's

And over-arching contracts with EBs. Direct is the only way to go...

[johnreid]

4.69 The Government firmly believes it is unfair that some individuals can arrange their affairs to gain a tax advantage by shifting part of their income to another person who is subject to a lower rate of tax.

The Government considered the responses received to the recent consultation and believes that a further period of consultation will ensure that the legislation in this area provides clarity and certainty for businesses and their advisers. The Government now intends to introduce legislation through Finance Bill 2009 and will not enact legislation effective from 6 April 2008.

Why oh why has he lost his bottle over this one?

[basshead]

http://www.hm-treasury.gov.uk/media/0/0/budget_pn.pdf

Income shifting
The Government firmly believes it is unfair that some individuals can arrange
their affairs to gain a tax advantage by shifting part of their income to another
person who is subject to a lower rate of tax.
The Government has considered the responses received to the recent
consultation and believes that a further period of consultation will ensure that
legislation in this area provides clarity and certainty for businesses and their
advisers.
The Government now intends to introduce legislation through Finance Bill
2009 and will not enact legislation effective from 6 April 2008.

[BA to the Stars]

Also see 4.70 - they are keeping an eye on travel expenses claimed via brolly's

[Weltchy]

http://www.hm-treasury.gov.uk/media/...8_chapter4.pdf

Check out 4.69.