First a Murceilago, now a Koenigsegg...!
Discussion
_dobbo_ said:
I'm not sure how a company could still be trading 18 months on following a £25m VAT fraud charge?
The govt is not necessarily that fleet of foot, and legal proceedings can take time I guess. The govt can also (seemingly) change it's mind at will and use "rules" as it sees fit.
A few grand here or there and I would have sympathy (though I'm not a tax inspector). But as much as this country's tax regimes are galling, 25m quid is more than just a slight oversight!
If you want to pay less tax, you go elsewhere...or change your name to Al Fayed and "do a deal" with the Inland Revenue. Sometimes citizenship isn't worth a great deal after all...
I wonder how much the Koenigsegg doors weigh.
murph7355 said:
I'm not sure how a company could still be trading 18 months on following a £25m VAT fraud charge?
The govt is not necessarily that fleet of foot, and legal proceedings can take time I guess. The govt can also (seemingly) change it's mind at will and use "rules" as it sees fit.
A few grand here or there and I would have sympathy (though I'm not a tax inspector). But as much as this country's tax regimes are galling, 25m quid is more than just a slight oversight!
If you want to pay less tax, you go elsewhere...or change your name to Al Fayed and "do a deal" with the Inland Revenue. Sometimes citizenship isn't worth a great deal after all...
I wonder how much the Koenigsegg doors weigh.
Andy, it's not about saving tax, it's a VAT scam. It's like carousel trading: how it works is basically you network it such that you buy something that is very quick to sell on, such as mobile phones, computer chips, bullion gold, diamonds or whatever & you buy them in at 0% vat either via EU company or some other means, sell them to a legit company at LESS than market price PLUS vat, you effectively make a loss on the actual net price of the goods, but make that up through the VAT margin of 17.5%. This never gets paid to customs by the selling company.
It wouldn't take a lot of time to amass some serious sums given the liquidity/extreme competitiveness of the type of product these guys would trade.
e.g. latest mobile phone/computer chip etc todays market price £100, buy 10,000 units cost £1,000,000. Sell these on at £95 each plus Vat, means £950,000 net plus Vat, a loss of £50,000. VAT element is £166,250, therefore a real profit of £116,250.
murph7355 said:
All hypothetically speaking Ninja... 
How you doing? You've been very quiet for a while.
Are you going to Stanford Hall this Sunday (Auto Italia)?
I've been well mate, yourself?
Been busy with work and stuff (ok ok, I've been sleeping in till 11am but keep it to yourself, ok?)
lol Last few months I've been working on a few ideas and projects which hopefully work out.
I won't be going to Stanford Hall unfortunately. How's the 355?
andysv said:
the ccr will be at supercar sunday at gaydon 19th june. modena are bringing that and an enzo, eb110, mac f1, mc 12, zonda etc etc they also hope to have 45 plus lambos there in a convoy from wycombe to gaydon. im taking my diablo, could be worth a visit id say.
Andy,
Any more details on this event? Would def be worth a look
Cheers..
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