Member Since: 8th Mar 2002
20th Jun 2018
If the HMRC are so worried about losing out on VAT, why do they not chase AMAZON for the VAT their sellers are not paying??
Conservatively estimated at around £1 billion.
Amazon is long on talk, but short on action, in sorting this issue!
1st Apr 2016
As far as I am aware these are excluded?
Should this not change to include these? As why should the captains of industry, and politicians escape not pay tax on being driven to and from work?
BIK springs to mind!
4th Feb 2016
Yes, but who would actually pay?
It would not cost HMRC a bean as they are employed by the Government who would charge the money back to us!
Better idea would be a take it directly from HMRC employees themselves, via their wages, and pension monies.
Then they would be MUCH more careful in the future. Same as a private Company.
30th Nov 2015
MPs Second Homes
I hope MPs second homes will be caught in this legislation!
I bet they have an exemption!!!
One rule for us, and one for them?
20th Feb 2013
It is our Duty to avoid, and HMRCs to Tax
The most widely stated case concerning the right to avoid tax is Ayrshire Pullman Motor Services and Ritchie v Inland Revenue Commissioners (1929 14 TC 754), from which this famous quote derives:
“No man in the country is under the smallest obligation, moral or other, so to arrange his legal relations to his business or property as to enable the Inland Revenue to put the largest possible shovel in his stores. The Inland Revenue is not slow — and quite rightly — to take every advantage that is open to it under the Taxing Statutes for depleting the taxpayer’s pocket.”
Later cases redefined some of the points, but still left intact the right to honestly organise tax affairs to a taxpayer’s financial benefit – specifically in the case of Inland Revenue Commissioners v The Duke of Westminster (1936 19 TC 490), which held: “Every man is entitled, if he can, to order his affairs so that the tax attaching under the appropriate Acts is less than it otherwise would be.”
13th Feb 2013
Don't believe everything you read!!
They have ways and means of getting around this!!!
The sooner we are out the better!
9th May 2012
Keep it Fair!
The Government should have done the same thing to ALL MPs & Lords who were found fiddling their expenses. Instead they are still there, fiddlinf again!!!!
27th Feb 2012
More obvious reason...
This would have cost our MPs and the Civil Servants money, and we cannot have that!!!!
23rd Jan 2012
Tax explained in beer
Suppose that every day, ten men go out for beer and the bill for all ten comes to £100...
If they paid their bill the way we pay our taxes, it would go something like this...
The first four men (the poorest) would pay nothing.
The fifth would pay £1.
The sixth would pay £3.
The seventh would pay £7..
The eighth would pay £12.
The ninth would pay £18.
The tenth man (the richest) would pay £59.
So, that's what they decided to do..
The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve ball.
"Since you are all such good customers," he said, "I'm going to reduce the cost of your daily beer by £20". Drinks for the ten men would now cost just £80.
The group still wanted to pay their bill the way we pay our taxes.
So the first four men were unaffected.
They would still drink for free. But what about the other six men? The paying customers?
How could they divide the £20 windfall so that everyone would get his fair share?
They realised that £20 divided by six is £3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer.
So, the bar owner suggested that it would be fair to reduce each man's bill by a higher percentage the poorer he was, to follow the principle of the tax system they had been using, and he proceeded to work out the amounts he suggested that each should now pay.
And so the fifth man, like the first four, now paid nothing (100% saving).
The sixth now paid £2 instead of £3 (33% saving).
The seventh now paid £5 instead of £7 (28% saving).
The eighth now paid £9 instead of £12 (25% saving).
The ninth now paid £14 instead of £18 (22% saving).
The tenth now paid £49 instead of £59 (16% saving).
Each of the six was better off than before. And the first four continued to drink for free. But, once outside the bar, the men began to compare their savings.
"I only got a pound out of the £20 saving," declared the sixth man.
He pointed to the tenth man,"but he got £10!"
"Yeah, that's right," exclaimed the fifth man. "I only saved a pound too. It's unfair that he got ten times more benefit than me!"
"That's true!" shouted the seventh man. "Why should he get £10 back, when I got only £2? The wealthy get all the breaks!"
"Wait a minute," yelled the first four men in unison, "we didn't get anything at all. This new tax system exploits the poor!"
The nine men surrounded the tenth and beat him up.
The next night the tenth man didn't show up for drinks, so the nine sat down and had their beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!
And that, boys and girls, journalists and government ministers, is how our tax system works.
The people who already pay the highest taxes will naturally get the most benefit from a tax reduction.
Tax them too much, attack them for being wealthy, and they just may not show up anymore.
In fact, they might start drinking overseas, where the atmosphere is somewhat friendlier.
30th Nov 2011
Save £18 Billion a year!!!
Just get us out of the EU and save £18 Billion per year.
We can no longer afford to be in this expensive club.
If you are going down the tubes, the first thing you do is cancel your expensive golf club membership!!! Obvious?