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UK diy (uk.d-i-y) For the discussion of all topics related to diy (do-it-yourself) in the UK. All levels of experience and proficency are welcome to join in to ask questions or offer solutions. |
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#1
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The Express.
Idly looked at all today's paper headlines while shopping today.
All were about tax avoidance in one form or another. Except the Express. A headline about overseas aid. They certainly know their target market. -- *The more people I meet, the more I like my dog. Dave Plowman London SW To e-mail, change noise into sound. |
#2
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The Express.
I don't know what the great problem is with tax avoidance, its been going on
for as long as there have been taxes, its seen as good sport by many. I have little sympathy with rrich companies getting caught myself, some individuals have to actually maximise their funds so they will last. Brian -- ----- - This newsgroup posting comes to you directly from... The Sofa of Brian Gaff... Blind user, so no pictures please! "Dave Plowman (News)" wrote in message ... Idly looked at all today's paper headlines while shopping today. All were about tax avoidance in one form or another. Except the Express. A headline about overseas aid. They certainly know their target market. -- *The more people I meet, the more I like my dog. Dave Plowman London SW To e-mail, change noise into sound. |
#3
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The Express.
Dave Plowman (News) wrote:
Idly looked at all today's paper headlines while shopping today. All were about tax avoidance in one form or another. Except the Express. A headline about overseas aid. They certainly know their target market. I musty admit I get fed up with all the Tax Avoidance publicity. Until such times as these aggressive schemes become re-defined as Tax Evasion and therefore illegal, the rich and big business will act to avoid paying more than they have to and the moral argument will rarely be enough to make them change their ways. |
#4
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The Express.
On Tue, 07 Nov 2017 14:50:22 +0000, Bob Minchin wrote:
Dave Plowman (News) wrote: Idly looked at all today's paper headlines while shopping today. All were about tax avoidance in one form or another. I musty admit I get fed up with all the Tax Avoidance publicity. Me too - lets face it, anyone who has/had an ISA or a TESSA is/was seeking to avoid tax. |
#5
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The Express.
Mark Allread wrote:
On Tue, 07 Nov 2017 14:50:22 +0000, Bob Minchin wrote: Dave Plowman (News) wrote: Idly looked at all today's paper headlines while shopping today. All were about tax avoidance in one form or another. I musty admit I get fed up with all the Tax Avoidance publicity. Me too - lets face it, anyone who has/had an ISA or a TESSA is/was seeking to avoid tax. Furthermore using ISAs is still being encouraged by increasing the limits, widening the types of product allowed to be ISA wrapped and the extra flexibility of IFISAs |
#6
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The Express.
On 07/11/17 13:51, Dave Plowman (News) wrote:
Idly looked at all today's paper headlines while shopping today. All were about tax avoidance in one form or another. Except the Express. A headline about overseas aid. They certainly know their target market. The guardian knows their target market as well. It's the money grabbing views of the advertisers and proprietors of the freely distributed papers and websites, and talk radio, that sway the conscious of the morning asleep with their mostly right wing ideals, that need watching .... Occasionally do they get get pulled up (good), and then Metro starts welcoming advertising from strange quarters like UNISON, and subtle changes in slant for that day - often having a dig at other media groups to look just great :-| -- Adrian C |
#7
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The Express.
On 07/11/17 14:53, Mark Allread wrote:
On Tue, 07 Nov 2017 14:50:22 +0000, Bob Minchin wrote: Dave Plowman (News) wrote: Idly looked at all today's paper headlines while shopping today. All were about tax avoidance in one form or another. I musty admit I get fed up with all the Tax Avoidance publicity. Me too - lets face it, anyone who has/had an ISA or a TESSA is/was seeking to avoid tax. Anyone who has bought duty free as well.. -- "It is an established fact to 97% confidence limits that left wing conspirators see right wing conspiracies everywhere" |
#8
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The Express.
"Dave Plowman (News)" wrote in message ... Idly looked at all today's paper headlines while shopping today. All were about tax avoidance in one form or another. If it's not illegal what's the problem? I see your mate Steptoe is looking to send the Queen to the tower. Stupid *******. He's scared ****less of talking brexit. Except the Express. A headline about overseas aid. They certainly know their target market. |
#9
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The Express.
On 07/11/2017 14:53, Mark Allread wrote:
On Tue, 07 Nov 2017 14:50:22 +0000, Bob Minchin wrote: Dave Plowman (News) wrote: Idly looked at all today's paper headlines while shopping today. All were about tax avoidance in one form or another. I musty admit I get fed up with all the Tax Avoidance publicity. Me too - lets face it, anyone who has/had an ISA or a TESSA is/was seeking to avoid tax. Maybe, but when I was a computer programmer with my own ltd co working through an agency, it never occurred to me that I could send my money to Mauritious and then 'lend' it back to me free of tax, with no obligation to pay it back, and escape the notice of HMRC. However, it would never escape the notice of my accountant, so how come Mrs Browns 'boys' get away with it ?. |
#10
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The Express.
On 07/11/2017 15:10, The Natural Philosopher wrote:
On 07/11/17 14:53, Mark Allread wrote: On Tue, 07 Nov 2017 14:50:22 +0000, Bob Minchin wrote: Dave Plowman (News) wrote: Idly looked at all today's paper headlines while shopping today. All were about tax avoidance in one form or another. I musty admit I get fed up with all the Tax Avoidance publicity. Me too - lets face it, anyone who has/had an ISA or a TESSA is/was seeking to avoid tax. Anyone who has bought duty free as well.. Even in the Canary Islands :-) |
#11
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The Express.
"Andrew" wrote in message news On 07/11/2017 14:53, Mark Allread wrote: On Tue, 07 Nov 2017 14:50:22 +0000, Bob Minchin wrote: Dave Plowman (News) wrote: Idly looked at all today's paper headlines while shopping today. All were about tax avoidance in one form or another. I musty admit I get fed up with all the Tax Avoidance publicity. Me too - lets face it, anyone who has/had an ISA or a TESSA is/was seeking to avoid tax. Maybe, but when I was a computer programmer with my own ltd co working through an agency, it never occurred to me that I could send my money to Mauritious and then 'lend' it back to me free of tax, with no obligation to pay it back, and escape the notice of HMRC. you may not have done but there were several schemes marketed at people just like you and many took advantage of it Most, if not all were unwound by HMRC and the people concerned got large tax bills to pay. However, it would never escape the notice of my accountant, so how come Mrs Browns 'boys' get away with it ?. you just employ a different accountant tim |
#12
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The Express.
On 07/11/2017 13:51, Dave Plowman (News) wrote:
Idly looked at all today's paper headlines while shopping today. All were about tax avoidance in one form or another. Except the Express. A headline about overseas aid. They certainly know their target market. No Maddie or Di news then? -- Adam |
#13
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The Express.
On 07/11/17 18:28, Tim Streater wrote:
In article , Bob Minchin wrote: Dave Plowman (News) wrote: Idly looked at all today's paper headlines while shopping today. All were about tax avoidance in one form or another. Except the Express. A headline about overseas aid. They certainly know their target market. I musty admit I get fed up with all the Tax Avoidance publicity. Until such times as these aggressive schemes become re-defined as Tax Evasion and therefore illegal, the rich and big business will act to avoid paying more than they have to and the moral argument will rarely be enough to make them change their ways. I don't think the moral argument applies. I assume they have a legal duty to their shareholders to minimise tax. Indeed. What is going on is an attempt to redefine the Law in moral terms. Its standard lefty**** stuff really. -- "Anyone who believes that the laws of physics are mere social conventions is invited to try transgressing those conventions from the windows of my apartment. (I live on the twenty-first floor.) " Alan Sokal |
#14
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The Express.
Andrew wrote:
when I was a computer programmer with my own ltd co working through an agency, it never occurred to me that I could send my money to Mauritious and then 'lend' it back to me free of tax, with no obligation to pay it back, and escape the notice of HMRC. However, it would never escape the notice of my accountant It was probably suggested /by/ their accountants |
#15
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The Express.
On Tuesday, 7 November 2017 18:16:23 UTC, tim... wrote:
"Andrew" wrote in message news On 07/11/2017 14:53, Mark Allread wrote: On Tue, 07 Nov 2017 14:50:22 +0000, Bob Minchin wrote: Dave Plowman (News) wrote: Idly looked at all today's paper headlines while shopping today. All were about tax avoidance in one form or another. I musty admit I get fed up with all the Tax Avoidance publicity. Me too - lets face it, anyone who has/had an ISA or a TESSA is/was seeking to avoid tax. Maybe, but when I was a computer programmer with my own ltd co working through an agency, it never occurred to me that I could send my money to Mauritious and then 'lend' it back to me free of tax, with no obligation to pay it back, and escape the notice of HMRC. you may not have done but there were several schemes marketed at people just like you and many took advantage of it Most, if not all were unwound by HMRC and the people concerned got large tax bills to pay. However, it would never escape the notice of my accountant, so how come Mrs Browns 'boys' get away with it ?. you just employ a different accountant yes it's strange that only those that can afford very expensive accountant can afford to aviod tax. Backhanders to certain people spring to mind. |
#16
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The Express.
On Wed, 08 Nov 2017 03:19:10 -0800, whisky-dave wrote:
On Tuesday, 7 November 2017 18:16:23 UTC, tim... wrote: "Andrew" wrote in message news On 07/11/2017 14:53, Mark Allread wrote: On Tue, 07 Nov 2017 14:50:22 +0000, Bob Minchin wrote: Dave Plowman (News) wrote: Idly looked at all today's paper headlines while shopping today. All were about tax avoidance in one form or another. I musty admit I get fed up with all the Tax Avoidance publicity. Me too - lets face it, anyone who has/had an ISA or a TESSA is/was seeking to avoid tax. Maybe, but when I was a computer programmer with my own ltd co working through an agency, it never occurred to me that I could send my money to Mauritious and then 'lend' it back to me free of tax, with no obligation to pay it back, and escape the notice of HMRC. you may not have done but there were several schemes marketed at people just like you and many took advantage of it Most, if not all were unwound by HMRC and the people concerned got large tax bills to pay. However, it would never escape the notice of my accountant, so how come Mrs Browns 'boys' get away with it ?. you just employ a different accountant yes it's strange that only those that can afford very expensive accountant can afford to aviod tax. Backhanders to certain people spring to mind. No. See above: TESSA, ISA, Duty Free, and I do not nor have ever had an accountant. Other measures that can be put in place are ways to avoid Inheritance Tax. Again its not complicated and no accountant is needed. |
#17
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The Express.
"whisky-dave" wrote in message ... On Tuesday, 7 November 2017 18:16:23 UTC, tim... wrote: "Andrew" wrote in message news On 07/11/2017 14:53, Mark Allread wrote: On Tue, 07 Nov 2017 14:50:22 +0000, Bob Minchin wrote: Dave Plowman (News) wrote: Idly looked at all today's paper headlines while shopping today. All were about tax avoidance in one form or another. I musty admit I get fed up with all the Tax Avoidance publicity. Me too - lets face it, anyone who has/had an ISA or a TESSA is/was seeking to avoid tax. Maybe, but when I was a computer programmer with my own ltd co working through an agency, it never occurred to me that I could send my money to Mauritious and then 'lend' it back to me free of tax, with no obligation to pay it back, and escape the notice of HMRC. you may not have done but there were several schemes marketed at people just like you and many took advantage of it Most, if not all were unwound by HMRC and the people concerned got large tax bills to pay. However, it would never escape the notice of my accountant, so how come Mrs Browns 'boys' get away with it ?. you just employ a different accountant yes it's strange that only those that can afford very expensive accountant can afford to aviod tax. Backhanders to certain people spring to mind. It's clear that the people who design these schemes pay backhanders to the accountants that recommend them were you suggesting something more sinister? tim |
#18
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The Express.
On Wed, 08 Nov 2017 06:22:23 -0600, Mark Allread
wrote: On Wed, 08 Nov 2017 03:19:10 -0800, whisky-dave wrote: On Tuesday, 7 November 2017 18:16:23 UTC, tim... wrote: "Andrew" wrote in message news On 07/11/2017 14:53, Mark Allread wrote: On Tue, 07 Nov 2017 14:50:22 +0000, Bob Minchin wrote: Dave Plowman (News) wrote: Idly looked at all today's paper headlines while shopping today. All were about tax avoidance in one form or another. I musty admit I get fed up with all the Tax Avoidance publicity. Me too - lets face it, anyone who has/had an ISA or a TESSA is/was seeking to avoid tax. Maybe, but when I was a computer programmer with my own ltd co working through an agency, it never occurred to me that I could send my money to Mauritious and then 'lend' it back to me free of tax, with no obligation to pay it back, and escape the notice of HMRC. you may not have done but there were several schemes marketed at people just like you and many took advantage of it Most, if not all were unwound by HMRC and the people concerned got large tax bills to pay. However, it would never escape the notice of my accountant, so how come Mrs Browns 'boys' get away with it ?. you just employ a different accountant yes it's strange that only those that can afford very expensive accountant can afford to aviod tax. Backhanders to certain people spring to mind. No. See above: TESSA, ISA, Duty Free, and I do not nor have ever had an accountant. Billionaires aren't going to bother with those; they don't save 'enough' tax. Other measures that can be put in place are ways to avoid Inheritance Tax. Again its not complicated and no accountant is needed. I guess most people would still need advice, which could be expensive, relative to the amount of money they have. -- If a man stands in a forest and no woman is around to hear him, is he still wrong? |
#19
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The Express.
"Mark Allread" wrote in message ... On Wed, 08 Nov 2017 03:19:10 -0800, whisky-dave wrote: On Tuesday, 7 November 2017 18:16:23 UTC, tim... wrote: "Andrew" wrote in message news On 07/11/2017 14:53, Mark Allread wrote: On Tue, 07 Nov 2017 14:50:22 +0000, Bob Minchin wrote: Dave Plowman (News) wrote: Idly looked at all today's paper headlines while shopping today. All were about tax avoidance in one form or another. I musty admit I get fed up with all the Tax Avoidance publicity. Me too - lets face it, anyone who has/had an ISA or a TESSA is/was seeking to avoid tax. Maybe, but when I was a computer programmer with my own ltd co working through an agency, it never occurred to me that I could send my money to Mauritious and then 'lend' it back to me free of tax, with no obligation to pay it back, and escape the notice of HMRC. you may not have done but there were several schemes marketed at people just like you and many took advantage of it Most, if not all were unwound by HMRC and the people concerned got large tax bills to pay. However, it would never escape the notice of my accountant, so how come Mrs Browns 'boys' get away with it ?. you just employ a different accountant yes it's strange that only those that can afford very expensive accountant can afford to aviod tax. Backhanders to certain people spring to mind. No. See above: TESSA, ISA, Duty Free, and I do not nor have ever had an accountant. Other measures that can be put in place are ways to avoid Inheritance Tax. Again its not complicated and no accountant is needed. the PP was specifically referring to schemes of the type that Mrs. Brown's Boys took advantage of These schemes are complex in nature and usually questionable in effectiveness They are only obtainable via an intermediately that recommends them to you they are not diy-able tim |
#20
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The Express.
On Wednesday, 8 November 2017 12:22:26 UTC, Mark Allread wrote:
On Wed, 08 Nov 2017 03:19:10 -0800, whisky-dave wrote: On Tuesday, 7 November 2017 18:16:23 UTC, tim... wrote: "Andrew" wrote in message news On 07/11/2017 14:53, Mark Allread wrote: On Tue, 07 Nov 2017 14:50:22 +0000, Bob Minchin wrote: Dave Plowman (News) wrote: Idly looked at all today's paper headlines while shopping today. All were about tax avoidance in one form or another. I musty admit I get fed up with all the Tax Avoidance publicity. Me too - lets face it, anyone who has/had an ISA or a TESSA is/was seeking to avoid tax. Maybe, but when I was a computer programmer with my own ltd co working through an agency, it never occurred to me that I could send my money to Mauritious and then 'lend' it back to me free of tax, with no obligation to pay it back, and escape the notice of HMRC. you may not have done but there were several schemes marketed at people just like you and many took advantage of it Most, if not all were unwound by HMRC and the people concerned got large tax bills to pay. However, it would never escape the notice of my accountant, so how come Mrs Browns 'boys' get away with it ?. you just employ a different accountant yes it's strange that only those that can afford very expensive accountant can afford to aviod tax. Backhanders to certain people spring to mind. No. See above: TESSA, ISA, Duty Free, and I do not nor have ever had an accountant. Other measures that can be put in place are ways to avoid Inheritance Tax. Again its not complicated and no accountant is needed. So why are they hired by the rich ? |
#21
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The Express.
On Wednesday, 8 November 2017 13:16:13 UTC, tim wrote:
"whisky-dave" wrote in message ... On Tuesday, 7 November 2017 18:16:23 UTC, tim... wrote: "Andrew" wrote in message news On 07/11/2017 14:53, Mark Allread wrote: On Tue, 07 Nov 2017 14:50:22 +0000, Bob Minchin wrote: Dave Plowman (News) wrote: Idly looked at all today's paper headlines while shopping today. All were about tax avoidance in one form or another. I musty admit I get fed up with all the Tax Avoidance publicity. Me too - lets face it, anyone who has/had an ISA or a TESSA is/was seeking to avoid tax. Maybe, but when I was a computer programmer with my own ltd co working through an agency, it never occurred to me that I could send my money to Mauritious and then 'lend' it back to me free of tax, with no obligation to pay it back, and escape the notice of HMRC. you may not have done but there were several schemes marketed at people just like you and many took advantage of it Most, if not all were unwound by HMRC and the people concerned got large tax bills to pay. However, it would never escape the notice of my accountant, so how come Mrs Browns 'boys' get away with it ?. you just employ a different accountant yes it's strange that only those that can afford very expensive accountant can afford to aviod tax. Backhanders to certain people spring to mind. It's clear that the people who design these schemes pay backhanders to the accountants that recommend them were you suggesting something more sinister? More sinsister than breaking tax laws for money ? Or are yuo saying Lewis Hameltons ex was a prostitute ? sorry can't remmeber her name but he took here on his own airplane/jet for a holiday. |
#22
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The Express.
On Wed, 08 Nov 2017 08:06:51 -0800, whisky-dave wrote:
On Wednesday, 8 November 2017 12:22:26 UTC, Mark Allread wrote: On Wed, 08 Nov 2017 03:19:10 -0800, whisky-dave wrote: On Tuesday, 7 November 2017 18:16:23 UTC, tim... wrote: "Andrew" wrote in message news On 07/11/2017 14:53, Mark Allread wrote: On Tue, 07 Nov 2017 14:50:22 +0000, Bob Minchin wrote: Dave Plowman (News) wrote: Idly looked at all today's paper headlines while shopping today. All were about tax avoidance in one form or another. I musty admit I get fed up with all the Tax Avoidance publicity. Me too - lets face it, anyone who has/had an ISA or a TESSA is/was seeking to avoid tax. Maybe, but when I was a computer programmer with my own ltd co working through an agency, it never occurred to me that I could send my money to Mauritious and then 'lend' it back to me free of tax, with no obligation to pay it back, and escape the notice of HMRC. you may not have done but there were several schemes marketed at people just like you and many took advantage of it Most, if not all were unwound by HMRC and the people concerned got large tax bills to pay. However, it would never escape the notice of my accountant, so how come Mrs Browns 'boys' get away with it ?. you just employ a different accountant yes it's strange that only those that can afford very expensive accountant can afford to aviod tax. Backhanders to certain people spring to mind. No. See above: TESSA, ISA, Duty Free, and I do not nor have ever had an accountant. Other measures that can be put in place are ways to avoid Inheritance Tax. Again its not complicated and no accountant is needed. So why are they hired by the rich ? Perhaps because the wealthy are too busy/not skilled enough to look into options for themselves and consider it is worth them employing someone to look into it for them[+]. I dunno but I do know that I can/have taken legally permitted steps to mitigate my tax liability. Anyone who does not is an idiot. [+] I use a gardener from time to time because his hourly rate is less than my hourly rate. I could do the garden myself but it is not worth my time/cost to do so. I do not have an accountant/bookkeeper or whatever as I can do those things myself and it effectively costs me less to do so. Were I far wealthier then I may decide my time is worth more than hiring someone to do it for me (gardener, above). I expect that a large number of people who need to will have various tax avoidance measures in place without seeking advice from an accountant or tax lawyer. I'm surprised if you don't for example. |
#23
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The Express.
"whisky-dave" wrote in message ... On Wednesday, 8 November 2017 12:22:26 UTC, Mark Allread wrote: On Wed, 08 Nov 2017 03:19:10 -0800, whisky-dave wrote: On Tuesday, 7 November 2017 18:16:23 UTC, tim... wrote: "Andrew" wrote in message news On 07/11/2017 14:53, Mark Allread wrote: On Tue, 07 Nov 2017 14:50:22 +0000, Bob Minchin wrote: Dave Plowman (News) wrote: Idly looked at all today's paper headlines while shopping today. All were about tax avoidance in one form or another. I musty admit I get fed up with all the Tax Avoidance publicity. Me too - lets face it, anyone who has/had an ISA or a TESSA is/was seeking to avoid tax. Maybe, but when I was a computer programmer with my own ltd co working through an agency, it never occurred to me that I could send my money to Mauritious and then 'lend' it back to me free of tax, with no obligation to pay it back, and escape the notice of HMRC. you may not have done but there were several schemes marketed at people just like you and many took advantage of it Most, if not all were unwound by HMRC and the people concerned got large tax bills to pay. However, it would never escape the notice of my accountant, so how come Mrs Browns 'boys' get away with it ?. you just employ a different accountant yes it's strange that only those that can afford very expensive accountant can afford to aviod tax. Backhanders to certain people spring to mind. No. See above: TESSA, ISA, Duty Free, and I do not nor have ever had an accountant. Other measures that can be put in place are ways to avoid Inheritance Tax. Again its not complicated and no accountant is needed. So why are they hired by the rich ? Because they need more complicated stuff done and generally pay people to do even the most basic stuff like clean the dunnys. |
#24
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The Express.
On Wednesday, 8 November 2017 16:31:16 UTC, Mark Allread wrote:
On Wed, 08 Nov 2017 08:06:51 -0800, whisky-dave wrote: On Wednesday, 8 November 2017 12:22:26 UTC, Mark Allread wrote: On Wed, 08 Nov 2017 03:19:10 -0800, whisky-dave wrote: On Tuesday, 7 November 2017 18:16:23 UTC, tim... wrote: "Andrew" wrote in message news On 07/11/2017 14:53, Mark Allread wrote: On Tue, 07 Nov 2017 14:50:22 +0000, Bob Minchin wrote: Dave Plowman (News) wrote: Idly looked at all today's paper headlines while shopping today. All were about tax avoidance in one form or another. I musty admit I get fed up with all the Tax Avoidance publicity.. Me too - lets face it, anyone who has/had an ISA or a TESSA is/was seeking to avoid tax. Maybe, but when I was a computer programmer with my own ltd co working through an agency, it never occurred to me that I could send my money to Mauritious and then 'lend' it back to me free of tax, with no obligation to pay it back, and escape the notice of HMRC. you may not have done but there were several schemes marketed at people just like you and many took advantage of it Most, if not all were unwound by HMRC and the people concerned got large tax bills to pay. However, it would never escape the notice of my accountant, so how come Mrs Browns 'boys' get away with it ?. you just employ a different accountant yes it's strange that only those that can afford very expensive accountant can afford to aviod tax. Backhanders to certain people spring to mind. No. See above: TESSA, ISA, Duty Free, and I do not nor have ever had an accountant. Other measures that can be put in place are ways to avoid Inheritance Tax. Again its not complicated and no accountant is needed. So why are they hired by the rich ? Perhaps because the wealthy are too busy/not skilled enough to look into options for themselves and consider it is worth them employing someone to look into it for them[+]. I dunno but I do know that I can/have taken legally permitted steps to mitigate my tax liability. Anyone who does not is an idiot. [+] I use a gardener from time to time because his hourly rate is less than my hourly rate. I could do the garden myself but it is not worth my time/cost to do so. I do not have an accountant/bookkeeper or whatever as I can do those things myself and it effectively costs me less to do so. Were I far wealthier then I may decide my time is worth more than hiring someone to do it for me (gardener, above). I expect that a large number of people who need to will have various tax avoidance measures in place without seeking advice from an accountant or tax lawyer. I'm surprised if you don't for example. I've got an ISA, but I didn't know I could save £3million on a jet by claiming I was only using it for buisness and not for pleasure. I didnlt know that if I took my girlfriend on the said plane to an island for a holiday I could call it a business trip, did you klnow that ? Did yuo klnow that if you set upm a busness on a 'tax haven' and send money to it you can then lend that money back and it's not clessed as income ? So why doesn't everyone do that ? |
#25
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The Express.
On Wed, 08 Nov 2017 10:31:13 -0600, Mark Allread
wrote: On Wed, 08 Nov 2017 08:06:51 -0800, whisky-dave wrote: On Wednesday, 8 November 2017 12:22:26 UTC, Mark Allread wrote: On Wed, 08 Nov 2017 03:19:10 -0800, whisky-dave wrote: On Tuesday, 7 November 2017 18:16:23 UTC, tim... wrote: "Andrew" wrote in message news On 07/11/2017 14:53, Mark Allread wrote: On Tue, 07 Nov 2017 14:50:22 +0000, Bob Minchin wrote: Dave Plowman (News) wrote: Idly looked at all today's paper headlines while shopping today. All were about tax avoidance in one form or another. I musty admit I get fed up with all the Tax Avoidance publicity. Me too - lets face it, anyone who has/had an ISA or a TESSA is/was seeking to avoid tax. Maybe, but when I was a computer programmer with my own ltd co working through an agency, it never occurred to me that I could send my money to Mauritious and then 'lend' it back to me free of tax, with no obligation to pay it back, and escape the notice of HMRC. you may not have done but there were several schemes marketed at people just like you and many took advantage of it Most, if not all were unwound by HMRC and the people concerned got large tax bills to pay. However, it would never escape the notice of my accountant, so how come Mrs Browns 'boys' get away with it ?. you just employ a different accountant yes it's strange that only those that can afford very expensive accountant can afford to aviod tax. Backhanders to certain people spring to mind. No. See above: TESSA, ISA, Duty Free, and I do not nor have ever had an accountant. Other measures that can be put in place are ways to avoid Inheritance Tax. Again its not complicated and no accountant is needed. So why are they hired by the rich ? Perhaps because the wealthy are too busy/not skilled enough to look into options for themselves and consider it is worth them employing someone to look into it for them[+]. Or they have enough money that it's worth them paying someone else to reduce their tax burden. For most there isn't the savings to make it worthwhile. I dunno but I do know that I can/have taken legally permitted steps to mitigate my tax liability. Anyone who does not is an idiot. Or is not so knowledgeable, or doesn't earn enough to reduce their tax liability significantly. -- snip -- I expect that a large number of people who need to will have various tax avoidance measures in place without seeking advice from an accountant or tax lawyer. I expect that the majority of people have few tax avoidance measures and save very little. -- If a man stands in a forest and no woman is around to hear him, is he still wrong? |
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The Express.
Mark Allread posted
Other measures that can be put in place are ways to avoid Inheritance Tax. Again its not complicated and no accountant is needed. Really? How do you do it then? -- Jack |
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The Express.
On 08/11/2017 16:50, Rod Speed wrote:
"whisky-dave" wrote in message ... On Wednesday, 8 November 2017 12:22:26 UTC, Mark Allread* wrote: Other measures that can be put in place are ways to avoid Inheritance Tax.* Again its not complicated and no accountant is needed. So why are they hired by the rich ? Because they need more complicated stuff done and generally pay people to do even the most basic stuff like clean the dunnys. Dunny? Do you mean the proverbial? -- Max Demian |
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The Express.
whisky-dave wrote:
Did yuo klnow that if you set upm a busness on a 'tax haven' and send money to it you can then lend that money back and it's not clessed as income ? Yes, our accountants mentioned that scheme a few years ago So why doesn't everyone do that ? We didn't because it felt "dodgy" and sure enough Jimmy Carr hit the headlines the following year |
#29
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The Express.
On Wed, 08 Nov 2017 09:01:37 -0800, whisky-dave wrote:
On Wednesday, 8 November 2017 16:31:16 UTC, Mark Allread wrote: So why are they hired by the rich ? Perhaps because the wealthy are too busy/not skilled enough to look into options for themselves and consider it is worth them employing someone to look into it for them[+]. I dunno but I do know that I can/have taken legally permitted steps to mitigate my tax liability. Anyone who does not is an idiot. I expect that a large number of people who need to will have various tax avoidance measures in place without seeking advice from an accountant or tax lawyer. I'm surprised if you don't for example. I've got an ISA, but I didn't know I could save £3million on a jet by claiming I was only using it for buisness and not for pleasure. Not having £3million to spend its not something I thought about didnlt know that if I took my girlfriend on the said plane to an island for a holiday I could call it a business trip, did you klnow that ? Not having a plane or a girlfriend its not something I thought about Did yuo klnow that if you set upm a busness on a 'tax haven' and send money to it you can then lend that money back and it's not clessed as income ? Not having enough money to do that, its not something I thought about. So why doesn't everyone do that ? They don't have enough money to make it worth thinking about? I guess the truth of all this is that you are simply envious of those who do have that kind of money; I, on the other hand, am not. |
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The Express.
On Wednesday, 8 November 2017 17:24:07 UTC, Andy Burns wrote:
whisky-dave wrote: Did yuo klnow that if you set upm a busness on a 'tax haven' and send money to it you can then lend that money back and it's not clessed as income ? Yes, our accountants mentioned that scheme a few years ago so you did need an accountant to tell you, you couldn't work it out yourself. can you do the same with a car or a coach or a train ? So why doesn't everyone do that ? We didn't because it felt "dodgy" and sure enough Jimmy Carr hit the headlines the following year He blammed his accountants, but didn't David Cameron criticise him and then it was found out that DC was also using tax aviodance sheme . |
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The Express.
On Wednesday, 8 November 2017 17:56:38 UTC, Mark Allread wrote:
On Wed, 08 Nov 2017 09:01:37 -0800, whisky-dave wrote: On Wednesday, 8 November 2017 16:31:16 UTC, Mark Allread wrote: So why are they hired by the rich ? Perhaps because the wealthy are too busy/not skilled enough to look into options for themselves and consider it is worth them employing someone to look into it for them[+]. I dunno but I do know that I can/have taken legally permitted steps to mitigate my tax liability. Anyone who does not is an idiot. I expect that a large number of people who need to will have various tax avoidance measures in place without seeking advice from an accountant or tax lawyer. I'm surprised if you don't for example. I've got an ISA, but I didn't know I could save £3million on a jet by claiming I was only using it for buisness and not for pleasure. Not having £3million to spend its not something I thought about I's not the amount, but the plane was brought on the pretence that it was for business purp[ose use ONLY and not for private holidays which would make it a taxable item. So why not try it with a car see if yuo can claim back your tax on that. Even I know that if you buy something for business it is tax deductable. didnlt know that if I took my girlfriend on the said plane to an island for a holiday I could call it a business trip, did you klnow that ? Not having a plane or a girlfriend its not something I thought about but you can do the same with a car or a boat or anything esle can't you. Did yuo klnow that if you set upm a busness on a 'tax haven' and send money to it you can then lend that money back and it's not clessed as income ? Not having enough money to do that, its not something I thought about. Well maybe you'd have more money if you did think about it. So why doesn't everyone do that ? They don't have enough money to make it worth thinking about? If they didn't pay so much tax they might have more money to think about. Imagine if everyone that has ever brought a car could get the tax they paid on it given back to them because they only use it for busness. I guess the truth of all this is that you are simply envious of those who do have that kind of money; I, on the other hand, am not. Not envious but I donlt like to think they aren't paying their share to the NHS or anything else. |
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The Express.
On Thu, 09 Nov 2017 03:38:34 -0800, whisky-dave wrote:
On Wednesday, 8 November 2017 17:56:38 UTC, Mark Allread wrote: I guess the truth of all this is that you are simply envious of those who do have that kind of money; I, on the other hand, am not. Not envious but I donlt like to think they aren't paying their share to the NHS or anything else. We have already established you are a tax avoider so you are the same as anyone else who seeks to avoid tax. What you appear to be objecting to is the scale of the avoidance which means you must have a degree of envy. Tax evasion, of course, is an entirely different thing and it is tax evasion that has caught out so many people in the past. |
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The Express.
On Thursday, 9 November 2017 15:45:55 UTC, Mark Allread wrote:
On Thu, 09 Nov 2017 03:38:34 -0800, whisky-dave wrote: On Wednesday, 8 November 2017 17:56:38 UTC, Mark Allread wrote: I guess the truth of all this is that you are simply envious of those who do have that kind of money; I, on the other hand, am not. Not envious but I donlt like to think they aren't paying their share to the NHS or anything else. We have already established you are a tax avoider so you are the same as anyone else who seeks to avoid tax. How do you work that one out, or are you getting confused with evasion ? What you appear to be objecting to is the scale of the avoidance which means you must have a degree of envy. Well £3 million will help more than £3 quid . If I brought illegally imported alcohol I could avoid paying tax on it but that is illegal. Tax evasion, of course, is an entirely different thing and it is tax evasion that has caught out so many people in the past. So what does say Lewis hamilton doing in this example when he brought a jet for business use for 16 million and he got the tax paid on it back ? Even though the jet was being used for private use just like you would use yuor car for private use, so tell me why we can;t buy a car and say it;s for business use claim the tax back and then use it to go on family holidays ? Ypou seem to think he has done nothing wrong but perhaps we should wait and see what the HM Revenue and Customs say. Perhaps yuo could explain why the Isle of Man government has called in the British tax office, which will this month begin a review of 231 tax refunds issued to private jet owners since 2011, in a $1bn VAT giveaway. Nothing to do with envy. |
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The Express.
In article ,
Mark Allread wrote: What you appear to be objecting to is the scale of the avoidance which means you must have a degree of envy. Tax evasion, of course, is an entirely different thing and it is tax evasion that has caught out so many people in the past. The two are often the same once regulations catch up with them. Same as any scam. Con men are often one step ahead of the law. Good to know you think it moral, though. -- *The fact that no one understands you doesn't mean you're an artist Dave Plowman London SW To e-mail, change noise into sound. |
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The Express.
On Thu, 09 Nov 2017 09:45:52 -0600, Mark Allread wrote:
We have already established you are a tax avoider so you are the same as anyone else who seeks to avoid tax. What you appear to be objecting to is the scale of the avoidance which means you must have a degree of envy. Indeed. Reminds me of: Churchill: "Madam, would you sleep with me for five million pounds?" Socialite: "My goodness, Mr. Churchill... Well, I suppose... we would have to discuss terms, of course... " Churchill: "Would you sleep with me for five pounds?" Socialite: "Mr. Churchill, what kind of woman do you think I am?!" Churchill: "Madam, we've already established that. Now we are haggling about the price -- My posts are my copyright and if @diy_forums or Home Owners' Hub wish to copy them they can pay me £1 a message. Use the BIG mirror service in the UK: http://www.mirrorservice.org *lightning surge protection* - a w_tom conductor |
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The Express.
On Thu, 09 Nov 2017 08:08:27 -0800, whisky-dave wrote:
On Thursday, 9 November 2017 15:45:55 UTC, Mark Allread wrote: On Thu, 09 Nov 2017 03:38:34 -0800, whisky-dave wrote: On Wednesday, 8 November 2017 17:56:38 UTC, Mark Allread wrote: I guess the truth of all this is that you are simply envious of those who do have that kind of money; I, on the other hand, am not. Not envious but I donlt like to think they aren't paying their share to the NHS or anything else. We have already established you are a tax avoider so you are the same as anyone else who seeks to avoid tax. How do you work that one out, or are you getting confused with evasion ? You have an ISA - you said so earlier; had you forgotten? What you appear to be objecting to is the scale of the avoidance which means you must have a degree of envy. Well £3 million will help more than £3 quid . If I brought illegally imported alcohol I could avoid paying tax on it but that is illegal. We are not discussing tax evasion but tax avoidance - something that you and many others do. Tax evasion, of course, is an entirely different thing and it is tax evasion that has caught out so many people in the past. So what does say Lewis hamilton doing in this example when he brought a jet for business use for 16 million and he got the tax paid on it back ? Even though the jet was being used for private use just like you would use yuor car for private use, so tell me why we can;t buy a car and say it;s for business use claim the tax back and then use it to go on family holidays ? Ypou seem to think he has done nothing wrong but perhaps we should wait and see what the HM Revenue and Customs say. I've never said that anywhere. If he has evaded tax he is guilty of a crime. Perhaps yuo could explain why the Isle of Man government has called in the British tax office, which will this month begin a review of 231 tax refunds issued to private jet owners since 2011, in a $1bn VAT giveaway. I've no idea as I am a) not in the IoM government nor b) in the HMRC Nothing to do with envy. OK so you are not envious of those who like you are tax avoiders (but have managed to do so with greater sums of money that you have) nor, like everyone else, do you support tax evasion. So why are you getting so wound up about those who legitimately avoid tax? |
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The Express.
On Thu, 09 Nov 2017 16:32:07 +0000, Dave Plowman (News) wrote:
In article , Mark Allread wrote: What you appear to be objecting to is the scale of the avoidance which means you must have a degree of envy. Tax evasion, of course, is an entirely different thing and it is tax evasion that has caught out so many people in the past. The two are often the same once regulations catch up with them. Same as any scam. Con men are often one step ahead of the law. If its a scam its illegal. Nothing difficult about that. Good to know you think it moral, though. Tax avoidance is indeed perfectly legal. You are the one who has introduced morality into it. Maybe you find it difficult to separate legal from moral in the same way that some have difficulty in understanding the difference between avoidance and evasion. I'm gratified to learn from your comments that you have never had any tax avoidance measures in place - you must be one of the very few who have never bought anything duty free on overseas holidays nor had one of the various tax exempt savings accounts. Do/Did you take advantage of the tax free allowances when being paid - presumably not if you think tax avoidance is immoral. |
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The Express.
On Thu, 09 Nov 2017 18:22:03 +0000, Bob Eager wrote:
On Thu, 09 Nov 2017 09:45:52 -0600, Mark Allread wrote: We have already established you are a tax avoider so you are the same as anyone else who seeks to avoid tax. What you appear to be objecting to is the scale of the avoidance which means you must have a degree of envy. Indeed. Reminds me of: Churchill: "Madam, would you sleep with me for five million pounds?" Socialite: "My goodness, Mr. Churchill... Well, I suppose... we would have to discuss terms, of course... " Churchill: "Would you sleep with me for five pounds?" Socialite: "Mr. Churchill, what kind of woman do you think I am?!" Churchill: "Madam, we've already established that. Now we are haggling about the price That recollection had flashed across my mind also :-) |
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The Express.
whisky-dave posted
On Wednesday, 8 November 2017 17:24:07 UTC, Andy Burns wrote: We didn't because it felt "dodgy" and sure enough Jimmy Carr hit the headlines the following year He blammed his accountants, but didn't David Cameron criticise him and then it was found out that DC was also using tax aviodance sheme . No, it wasn't. What happened was that the Guardian slung a lot of mud about Cameron's father's offshore investment fund, deliberately confusing the various meanings of the word "trust" to imply that Cameron was avoiding tax. Finally it became clear that he wasn't, and the guardian had to climb down and talk about "ill-advised" and "unnecessary secrecy" blah blah. -- Jack |
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