Obviously people should follow the law but on top of that you can use your own judgement.
Everyone should pay the minimum permissable by law whilst understanding that the government holds the right to fully inspect your affairs at will.
Obviously people should follow the law but on top of that you can use your own judgement.
Your nearly there only 54 more to go![]()
Every single self employed person I know tries their hardest to pay as little tax as legally possible, I also feel 99.9% of the people in this thread would do exactly the same. Every trades man I know for example has a secretary and is paid via dividends by the company etc...
I don't, I could be far more aggressive in avoiding tax but choose not to.
LOL.
Seriously though, if Barlow's not breaking the law, what's the problem?
I don't, I could be far more aggressive in avoiding tax but choose not to.
Morality, Greed and double standards.
More fool you.
HMRC won't bat an eyelid if you employ your wife as a secretary and pay her in class b shares the maximum permissible by law.
They won't bat an eyelid if you decide to invest in new equipment / tools / vehicles for your business at the end of your fiscal year.
They won't care that you claim vat back on things like PC equipment, cameras, even TV's etc etc and use it for income tax deduction.
They expect you to use dry cleaning and the cleaning costs of any workwear as a tax deductable item, even if you are PAYE. (Many PAYE don't realise this.)
Instead of all that I guess you just fork it all over to the government no? Even if you are a touch too aggressive they will just say some of your deductions are a bit too much and ask you to pay the tax on them.
Okay, fair enough.
But, if the Government don't patch these loopholes, then obviously people are going to take advantage of them. People just aren't very nice I am afraid.
I know![]()
It sucks doesn't it.
I'm nice and so are you, so that makes two at least![]()
So does that mean if your accountant gives you a choice of paying tax or you putting it somewhere else or buying some new toys, you would both opt to pay the tax?
Why is that?