On 14/02/2019 10:29, charles wrote:
In article ,
Tim Streater wrote:
In article , 2987fr
wrote:

"Tim Streater" wrote in message
.. .
In article , 2987fr
wrote:

"Tim Streater" wrote in message
.. .
In article , 2987fr
wrote:

"Tim Streater" wrote in message
.. .

I'm still waiting to hear IN WHICH WAY Moggy is evading tax.

By appearing to receive the taxable income in the
Cayman Islands tax haven where no tax is paid on that.
Unlikely that he actually spends much time there.

But he must still declare that income on his UK tax return.

Not if it is income of a Cayman Islands based operation.

Yes. You have to declare your world-wide income. Once it appears in a
bank account that you control, it is deemed income at the exchange rate
that prevails on that day. And the revenue wants to know about all such
bank accounts.

But that doesn€˜t mean that you have to pay UK income tax on that income.

That the whole point of those tax havens.

So what law or treaty or rule or regulation do you invoke to avoid
paying tax on it? It's income. You declare it. You pay tax on it.

not if you don't bringb it into the UK

yes if you dont bring it into the UK



--
Religion is regarded by the common people as true, by the wise as
foolish, and by the rulers as useful.

(Seneca the Younger, 65 AD)