Eat yer hat, Ex sir Fred!!

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Discussion

Mojocvh

Original Poster:

16,837 posts

264 months

Wednesday 1st February 2012
quotequote all
http://www.bbc.co.uk/news/uk-politics-16709780

Well this is a turn up for the books. And I am only too well aware how those Tax agreements can be renagued on by HMRC

0a

23,907 posts

196 months

Wednesday 1st February 2012
quotequote all
Wow I'm ahead of the times!

http://www.pistonheads.com/gassing/topic.asp?h=0&a...

Possibly more news/politics though so probably best to close mine.

AJS-

15,366 posts

238 months

Thursday 2nd February 2012
quotequote all
What a country.

On the one hand the head of HMRC is telling everyone to pay more VAT, and on the other government employees are dodging their own taxes.

I'm guessing Ed Lester never had student loans, but if he did this would also mean that his loan contributions would be drastically reduced to whatever low salary he's actually paying himself from his limited company.

Olf

11,974 posts

220 months

Thursday 2nd February 2012
quotequote all
He seems to have asked for a 'rate to the man'. So like many other contractors his company gets paid a gross daily rate for his services and the company and he are responsible for all tax liabilities.

Good luck with the IR35 implications of that one.

Derek Smith

45,904 posts

250 months

Thursday 2nd February 2012
quotequote all
Richard Bacon, MP, said: "We can't have one rule for those with tax advice and another for everyone else."

Isn't that sweet. As if.

I've just had some problems with tax. I've never sought advice before but now will. A friend running a small business said that his chap had saved him over half his tax bill in the first year and a bit more the following one, more than paying for the chap's initial bill. Despite being questioned on his return when he self assessed, once he handed it all over to a tax advisor they didn't bother despite much higher claims for allowances.

One rule for all. Yeah, right.