Nadhim Zahawi Tax avoidance

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Re: Nadhim Zahawi Tax avoidance

Also aren't we talking about £20 million of tax evasion rather than paying a plumber £70 cash for fixing a faulty tap?

They're the same. Apparently.

NB it was £5m, but that doesnt detract from your point.

Edit: actually, they're not the same. The plumber hasn't gone out of his way to set up complex offshore legal structures with the sole aim of disguising his income or capital gains.

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Re: Nadhim Zahawi Tax avoidance

Great thread here about the backstory to Nadhim Zahawi’s HMRC settlement, https://twitter.com/danneidle/status...vk6wgihqUMr6kw

Thats some forensic detective work right there.

Zahawi needs to fall on his sword.

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Re: Nadhim Zahawi Tax avoidance

Are you sure about that? Isn't there a penalty simply for not getting the tax return in on time? Not saying that this applies in this case, just as a general rule.

A penalty doesn't mean evasion at all. You are correct. The scale of penalty is determined by the nature of the under declaration and the intent behind it

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Re: Nadhim Zahawi Tax avoidance

I found the "I forgot" defense utterly laughable too. Last tax year I genuinely forgot I had been paid less than $10 in dividends from an obscure share-buying app that I played with for literally two days and then binned. I submitted my return and then woke up one night in a sweat and remembered my error. I worried about it for months after.

P.S. They let me off but then it wasn't GBP 3.7M.

You have an annual allowance for dividends before tax is payable so you were worrying for nothing.

[ninian opinian]

Re: Nadhim Zahawi Tax avoidance

Nadhim Zahawi has not made an 'innocent error' in his tax affairs, head of HMRC has suggested

Jim Harra told Public Accounts Committee that 'there are no penalties for innocent errors'

'If your error was result of carelessness then legislation says a penalty applies'.

Resign now and take the rest of the rotten lot with you.

[az city]

Re: Nadhim Zahawi Tax avoidance

You have an annual allowance for dividends before tax is payable so you were worrying for nothing.

Feedy, not in the US you don't.

[Gofer Blue]

Re: Nadhim Zahawi Tax avoidance

If you've ever paid cash in hand then you've most likely been party to tax evasion.

I always pay by BACS transfer, never cash, and I expect to get a receipt for the payment. I am a pretty good DIY-er so most small jobs get done by myself, hence any bills I get are likely going to be for large/complicated jobs where I need suitably qualified people.

[ninian opinian]

Re: Nadhim Zahawi Tax avoidance

Sorry guv, I forgot about the £30 million unsecured loan I made to my wife’s property company.

https://www.theguardian.com/uk-news/2023/jan/26/nadhim-zahawi-faces-questions-over-source-of-30m-unsecured-loans-to-wifes-property-company

[Eric Cartman]

Re: Nadhim Zahawi Tax avoidance

Sorry guv, I forgot about the £30 million unsecured loan I made to my wife’s property company.

https://www.theguardian.com/uk-news/...operty-company

I wonder what the repayment terms were or are they tbc

This really stinks. I'm not entirely sure how he isn't looking at jail time.

[Dorcus]

Re: Nadhim Zahawi Tax avoidance

I wonder what the repayment terms were or are they tbc

This really stinks. I'm not entirely sure how he isn't looking at jail time.

Easy, Tories are above the law. That's just for the little people.

[Michael Morris]

Re: Nadhim Zahawi Tax avoidance

Nadhim Zahawi sacked as chairman of UK Conservative Party over "serious breach" of ministerial code

[ninian opinian]

Re: Nadhim Zahawi Tax avoidance

Nadhim Zahawi sacked as chairman of UK Conservative Party over "serious breach" of ministerial code

Never, I’m absolutely shocked.

[ninian opinian]

Re: Nadhim Zahawi Tax avoidance

Just read the letter from Sunak.

“It is clear that there has been a serious breach of the Ministerial Code

As a result, I have informed you of my decision to remove you from your position in HM Government”

He then goes on to tell us how fantastic he was at his job.

You couldn’t make it up.

[ninian opinian]

Re: Nadhim Zahawi Tax avoidance

Oh and whilst I’m at it, Rishi Sunak needs to explain why, if breaking the ministerial code is now a sacking offence, that he chose to reinstate Suella Braverman just days after she was found to have broken it.

[Dave Blue]

Re: Nadhim Zahawi Tax avoidance

I’m really confused. Zahawi had said he did nothing wrong.