Originally posted by squirrel
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: What is tax avoidance?
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "What is tax avoidance?"
Collapse
-
Worth reading
-
Originally posted by Zero Liability View Post
"He had earlier said that even someone who “cuts your hedge for a tenner” should provide an invoice to discourage tax avoidance"
Err, no, that' would be to discourage tax evasion!
Leave a comment:
-
Leave a comment:
-
Oops!
Originally posted by Not Losing Any Sleep View Post
I am also somewhat amused (and bemused) by the response to the suggestion of getting receipts for cash jobs. This must be the first time in history that a crime (evasion) is acceptable but a non-crime (avoidance) isn't!
Is the general population of this country really that idiotic to believe all this tosh? Are they all so blinded by jealousy? It seems that way and it saddens me.
Leave a comment:
-
I think Ed was listening!
Originally posted by Zero Liability View PostShocking.
The more successful*.
Nice, but it'd be even better if someone with a bit more moral fibre than Margaret Hodge did the grilling... her only issue with HMRC is that they're not proactive enough in extracting more money from the productive in society, without discrimination. Meanwhile, when it comes to her own family's company and its use of "tax efficiency", we get silence and "I know nuffin' about UK company tax law". Sure, Maggie.
Leave a comment:
-
Shocking.
Originally posted by webberg View PostThere's always votes to be had in bashing the more fortunate.
Originally posted by Boobetty View PostIt was also nice to see Lin Homer getting a pasting off Maggie Hodge yesterday. At one point Hodge criticised HMRC by pointing out that they just sit and wait for people to come forward. Homer defended, saying HMRC are 'proactive'.
Proactive my *rse. I've had a COP8 open for almost ten years and they have done precisely ***k all in that time other than wait for new legislation that provides them with the toolkit to achieve what they wanted to achieve over the last decade but without any effort.
Laughable really. 'HMRC' and 'proactive' cannot be used in the same sentence.Last edited by Zero Liability; 14 February 2015, 02:47.
Leave a comment:
-
“HM Revenue & Customs says that this legislation is only there to stop ‘tax avoidance’. However, Section 554E(8) specifically exempts members of the House of Commons and the Independent Parliamentary Standards Authority from the new legislation in situations where they are actually caught by it."
Why should MPs be exempt from new law to block tax avoidance? – Telegraph Blogs
Leave a comment:
-
Originally posted by zimbtar View PostI definitely heard that as well. I thought I'd misheard.
Now we are clearly seeing why those clauses are in the legislation to protect MP's from these measures...
The main parties have no policy on tax avoidance other than "it's bad for votes" if they are weak.
It's policy by tabloid headline.
Leave a comment:
-
Originally posted by squirrel View PostErr, was it me or did Sarah Wollaston MP just say that Tax Avoidance can't be applied retrospectively live on TV?
Now we are clearly seeing why those clauses are in the legislation to protect MP's from these measures...
Leave a comment:
-
Eeverybody does it!
But then, as Lord Fink so eloquently says:
"Tax avoidance, everybody does it"
Lord Fink: tax avoidance is normal in British society | Business | The Guardian
Leave a comment:
-
Question Time just now...
Err, was it me or did Sarah Wollaston MP just say that Tax Avoidance can't be applied retrospectively live on TV?
Leave a comment:
-
It was also nice to see Lin Homer getting a pasting off Maggie Hodge yesterday. At one point Hodge criticised HMRC by pointing out that they just sit and wait for people to come forward. Homer defended, saying HMRC are 'proactive'.
Proactive my *rse. I've had a COP8 open for almost ten years and they have done precisely ***k all in that time other than wait for new legislation that provides them with the toolkit to achieve what they wanted to achieve over the last decade but without any effort.
Laughable really. 'HMRC' and 'proactive' cannot be used in the same sentence.
Leave a comment:
-
Not sure if anyone saw Sky News this morning at about 07:45 but they were discussing the current HSBC Tax Avoidance scandal which has recently broke. One chap being interviewed (didn't get details) stated as we all know that whilst Tax Evasion is illegal, Tax Avoidance isn't. He agreed with the government clamping down on Avoidance but clearly disagreed with the retrospective way of doing so, stating that whilst the HMRC tackle, name and shame big businesses and celebrities, there are a lot of others such as 'us' out there where it will hit very hard.
Ok, nothing over positive or to get overly excited about and not exactly breaking news but my point being, at least some people out there understand the implication of such draconian measures by HMRC and this is the first time I have heard that normal people will be affected by the media. Anything to keep the pressure on and the legs going on all of this !!!!
Leave a comment:
-
Originally posted by squirrel View PostI can't see many Lords and Sirs and double-barrelled surnames on the list. I thought tax avoidance / evasion / corruption only went on in the upper echelons of society, well according to 90% of those having their say on the BBC HSBC article yesterday at least. It was incredible at how bitter and blinkered the vast majority of the respondents were. I did, however, come across a new phrase, the Politics of Envy. Never heard it called that before but it's perfect, succinct and exactly what HMRC and HMG (all parties) are up to. Unfortunately it's working and by the time the 90% realise what's happened it will be too late.
Leave a comment:
-
Originally posted by webberg View Posthttps://www.gov.uk/government/upload...defaulters.pdf
HMRC issues regular lists of those they regard as deserving "name and shame".
The first name on the latest list is interesting.
I've not researched who the company is connected to nor what they did but looking at the name, it looks like some form of agency/contractor arrangement.
In terms of HMRC's weapons, perhaps not the most effective but an indication of what they can do.
Leave a comment:
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: