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"Those that seek to use loopholes to minimise tax liabilities are now regarded as little short of criminals, when in many cases they have complied with the letter of the law."
Yes, but they have not complied with the substance of the law. Their job is to look for the loopholes in the law to justify their partnership status and a fat partnership income. In my eyes it makes them Pin Stripe Mafia. Big accountancy brand name gives them a misperception of decency and an air professionalism/status. They should be made social outcasts to stop the damage that is caused.
The problem is though, First Tab, the political tax avoidance brush is getting bigger. Those using the flat rate scheme, or OMB's paying dividends, for example, are branded 'immoral' and 'aggressive'.
The problem is though, First Tab, the political tax avoidance brush is getting bigger. Those using the flat rate scheme, or OMB's paying dividends, for example, are branded 'immoral' and 'aggressive'.
I agree. Use of the Flat Rate VAT scheme has been described as "aggressive abuse" in HMRC's Autumn Statement press release.
https://www.gov.uk/government/publications/tackling-aggressive-abuse-of-...
How can use of a VAT scheme promoted by HMRC, by those it was specifically aimed at (i.e. micro businesses) ever be deemed as "aggressive"?