Tax Avoidance: Are they all at it ?

[kinobestew123]

That would be a true perception then.

I disagree, these people are legally not paying a tax which they are strictly (within the guidelines) not required to pay as long as they go about it in the right way (i.e. follow the professionally advised schemes). It is true that I would pay less tax if the rich didn't follow these schemes, but I expect them to do their upmost to pay as little as they can. If they choose not to then that's a bonus for me, not a right.

I'm not convinced that you appreciate the issue here. Some of these avoidance schemes may well be evasion schemes. The problem is there just hasn't been enough will or resource to legally test them yet.

If they're evasion schemes then very well, the HMRC should prosecute. They're not evasion though until they break the current legislation (not future legislation).

What most people seem to be demanding is a tightening of the current tax system to prevent things like this. Do you not think the government has been doing this on an ongoing basis for many years? They don't want to lose out if they can "avoid" it (see what I did there).

Also, don't forget there is a huge market for providing tax services in the first place that generates jobs and all the other stuff that the general public seem to love.

 

[Housey]

Do they sign on every week or every other week nowadays

 

[Jonnycoupe]

There are currently no rules defining how many people you have to employ to become to limited company, or what services it has to provide and to whom. So long as there aren't, people will continue to set themselves up as companies and pay corporation tax as they reap the "profits" their companies make.

What rules are you suggesting are implemented?

 

[elmarko]

Do they sign on every week or every other week nowadays

Is that an attempt to imply that anybody who isn't motivated by the acquisition of material wealth (at the expense of others) is out of work?.

 

[mmj_uk]

I totally agree with this, the government has no right to call anybody immoral or wrong when they are the ones who have the power to stop/curtail it.

It's pandering the masses, make a noise that you are against tax avoidance/evasion but in reality do nothing to catch the tax evaders or close the loopholes which allow avoidance.

They're supposed to pander to the masses we live in a democracy afterall? the question is why won't they close those clearly wrong loopholes but instead go after the little man all the time?

 

[Dj_Jestar]

Hey guys, just call elmarko1234 Arthur Scargill and he'll add you to his ignore list. Worked for me.

 

[Muffin`]

That's an irrelevance. The point is that adequate measures should be put in place so that:

a) people aren't tempted because they have no longer got the chance to avoid

b) people aren't tempted because they know they'll get caught

Do you consider yourself somewhere to the left of Che Guevara?

 

[Raymond Lin]

We all do it, from pensions to ISAs to not declaring to HMRC and submitting a tax return after selling something on eBay.

 

[realBabelfish]

How has public opinion been so screwed on this. You pay what you have to, no more. It's not morally wrong it's not illegal, all these stories are total hyperbole.
If government isn't happy teen change the laws.

they wont though, as it would be to their detriment.

but then how hypocritical of them to have a go and builders and working class who dont pay some VAT.

one is illegal, the other legal. yet they are both doing the same thing, not paying their share of tax. just that its legal for the rich to avoid and the poorer can only evade. either way the country is less well off and in the end we are all forced to pay more.

 

[mattyg]

Is that an attempt to imply that anybody who isn't motivated by the acquisition of material wealth (at the expense of others) is out of work?.

Not at all But changing the goal posts to suit your agenda

 

[realBabelfish]

We all do it, from pensions to ISAs to not declaring to HMRC and submitting a tax return after selling something on eBay.

IIRC selling someone you already own and was used is not taxable.

running and ebay shop you are buying with a view to selling, and taxable.

if i sell all my belongings on ebay i shouldnt be taxed

 

[mattyg]

Scrap NI and introduce a 30% flat rate tax. get rid of the whole and very complicated tax system.

 

[Dj_Jestar]

IIRC selling someone you already own and was used is not taxable.

running and ebay shop you are buying with a view to selling, and taxable.

if i sell all my belongings on ebay i shouldnt be taxed

A tax returns form is still supposed to be sent. Even if all the numbers are zero. Selling stuff classes as income.

 

[mattyg]

How many of you declared interest from your bank accounts

 

[elmarko]

Not at all But changing the goal posts to suit your agenda

Tax avoidance is at the expense of others (I'm sure you can figure that one out), that is what this thread is about.

I pay my fair share because I have a sense of civil responsibility - just because some of the people in this thread would do the same to avoid paying a fair amount it doesn't mean everybody is that way inclined.

Keep up little one.

 

[Glaucus]

one is illegal, the other legal. yet they are both doing the same thing, not paying their share of tax. just that its legal for the rich to avoid and the poorer can only evade. either way the country is less well off and in the end we are all forced to pay more.

One Is paying thesir share of the tax, the other isn't and by doing so is braking the law.
Do you go nah my payee tax scheme isn't enough and send them a £100 cheque a month? No didn't think so.
Silly opinion is silly, but unfortunately your opinion seems prevalent these days. People pay what they have to, no more. Why would they. They are paying their share the government deems needed, it isn't morally wrong, it isn't illegal.

Just some how media has brainwashed a large percentage of the population.

I pay my fair share because I have a sense of civil .

More liekly you don't have a choice and if you did you would employee an account who's job it is to sort your tax out and do the same as everyone else.

 

[Raymond Lin]

IIRC selling someone you already own and was used is not taxable.

running and ebay shop you are buying with a view to selling, and taxable.

if i sell all my belongings on ebay i shouldnt be taxed

If you make a profit you do.

I am not sure the new/used has any relevance otherwise all second hand cars salesman would not pay any tax.

 

[elmarko]

it isn't morally wrong,

To be fair, that's completely subjective.

More liekly you don't have a choice and if you did you would employee an account who's job it is to sort your tax out and do the same as everyone else.

I would hardly spent the time supporting social changes which would leave me at a net financial loss if I was that way inclined.

As I said, just because that's how you personally view it - don't assume to know the motivation of others.

Building propensity models as a contractor has the potential for great legal tax avoidance (which I've never done, as I believed in paying my fair share when I used to do it).

It's a typical straw-man to imply that only poor people care about paying a fair share, or that everybody else is just as bad as they are.

 

[sven256]

How many of you declared interest from your bank accounts

That's automatically taxed, well mine is every year.

 

[mattyg]

Tax avoidance is at the expense of others (I'm sure you can figure that one out), that is what this thread is about.

I pay my fair share because I have a sense of civil responsibility - just because some of the people in this thread would do the same to avoid paying a fair amount it doesn't mean everybody is that way inclined.

Keep up little one.

So you declare the interest from your bank account to HMRC.

There is nothing wrong with tax avoidance. The tax system is very complicated for NON PAYE. Its ok for PAYE as someone else sorts that out for them. However I'm sure you would apply for a tax rebate if someone in an office somewhere had worked it out wrong.

Those who are liable for their own tax affairs have to do it themselves or employ the services of a professional to make sure they don't pay more than they need to.



Tax avoidance is NOT at the expense of others. What planet are you on