Printable View
Hopefully this should stop the accountancy firms suggesting schemes that in their eyes barely sit inside the law as intended and will stop Jimmy Carr 1% tax schemes, and the rich of society can start paying a larger share of the tax. Any schemes found to fall outside the intended purpose of the tax breaks will now be subject to 100% of the tax due to the accountancy firm, aswell as the individual involved.
http://www.bbc.co.uk/news/business-37101020
Has Feedback regained consciousness yet?Quote:
Originally Posted by Barry Dragon
I have had my suspicions, but no clear signs yet.Quote:
Originally Posted by Eric the Half a Bee
He doesnt comment on tax issues, as he makes a chunk of his money helping clients keep their tax down. All perfectly legal I assure you :biggrin:
Theresa May parks her first tank on Jeremy Corbin's lawn!!
Fleabag describes these shenanigans as tax efficiency savings.
One of the reasons some use an accountant is to be able to shave their tax bill - the cost of the accountant is usually less than the tax saved. It creates a flourishing industry where taxation goes into accountants pockets. Nice work for just being able to add up and know all the rules.Quote:
Originally Posted by Barry Dragon
:hehe:Quote:
Originally Posted by Elwood Blues
Assuming that accountants are generally well-off individuals that support capitalism and, more likely than any other, the Conservatives, I doubt May will really get involved in any sort of battle with them and affect their way of operating and living. As good a soundbite as it is, my feeling is that nothing will be done as most "tax avoidance" is perfectly legal.
If May was really serious about this she would close the myriad of tax loopholes that exist.