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Found 12 results

  1. One percent

    A new government income stream

    https://www.bbc.co.uk/news/uk-politics-44526156 Former Conservative leader Lord Hague has called for a "decisive change" in the law on cannabis - suggesting that the Tories should consider legalising recreational use of the drug. Writing in the Daily Telegraph, he said "any war" has been "irreversibly lost". Lord Hague goes further than senior Tories who have suggested a law change after a boy with epilepsy was given a special licence to use cannabis oil. The government is creating an expert panel to look into individual cases. Now call me a cynic but if they legalise it, their mates can make money producing it and government by taxing it.
  2. One percent

    Taxes to rise to pay for the NHS

    I’m sure we have a thread on this but can’t find it. As per http://www.dailymail.co.uk/news/article-5764763/UK-households-forced-pay-2-000-extra-tax-year-save-NHS.html read the top rated comments. People have been red pilled it seems
  3. Frank Hovis

    Tax avoidance - a moral duty?

    Here is the graph of UK central government spending from wiki: https://en.wikipedia.org/wiki/Government_spending_in_the_United_Kingdom Just look at that top line. Most people would guess the NHS and education as big spenders but they are dwarfed by that "Social Protection" line which is off the scale. It includes pensions but at £7k a year for those over c. 70 I think we can assume that they aren't a big part of it. This money is funding a vast number of people not to work or to work the 16 hrs that gives them tax credits and this is why immigrants from t ethird world pour through Europe to get to Britain and that "social protection" honeypot. And how is it being funded? Well from the budget report 2016/17 (big pdf - don't open it on your phone) pages 5 & 6 it is: Cost of Social Protection: £240bn Tax sources in descending order: Income tax £182bn VAT £138bn NI £126bn The next biggest single category is Excise duties at £48bn. https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/508193/HMT_Budget_2016_Web_Accessible.pdf So every penny of income tax and nearly half of VAT is going on this "Social Protection" which serves neither to defend this country nor heal or educate its citizens. This is ridiculous and the only way that it will change is if the tax income is reduced by everybody minimising the amount of tax they pay. We have had threads on this before but the simple answers are work less and buy less; buying second hand where possible. It's the only way to stop this ridiculous level of spending on benefits by government after government; Conservative and Labour.
  4. One percent

    Guardian making as much sense as usual

    https://www.theguardian.com/uk-news/2018/may/20/a-life-completely-destroyed-by-one-paragraph-322-immigration-law i don’t understand this one. Appears to be saying that the tax office granted leave to remain but the home office overruled it. Huh? working as an it professional full time and a self employed consultant (where did he build his network) discrepancies in accounts not or making much sense at all to me
  5. Libspero

    Stealth Taxes

    It seems pretty clear that the conservatives won't be ruling out any tax rises as part of their next manifesto.. quite the contrary in fact. The supposition being that they will need to shore up the nations balance sheet to defend against any economic bad weather that might be headed our way. Given that their winning is tipped as a foregone conclusion, I thought a thread dedicated to the introduction of stealth taxes might be interesting to follow.
  6. There has long been an exemption from paying NI for people still working past state retirement age (soon to be 67). This to most people seems perfectly reasonable as they are only likely to still be working at that age because they are skint and also they are unlikely to be earning much if anything above minimum wage. Now the usual suspects are trying to pull this exemption "to avert social care disaster"; like anyone believes that it will be ring fenced for social care in the first place. More than a million older workers may have to start paying National Insurance Those still working beyond the state pension age are exempt from paying levy Sir Andrew Dilnot told MPs older workers could pay more to plug financial hole Former Tory chancellor Kenneth Clarke, twat, also called last month for pensioners to start paying national insurance, saying: ‘You get your state pension on top of your pay, so the least you can do is pay the same tax on your salary as your colleagues do.’ Mr Clarke, twat, suggested better off pensioners should also lose perks like the winter fuel allowance and free bus passes. In a separate intervention, Kent County Council urged ministers to consider a £30-a-month tax on all workers to help repair a care funding system it described as ‘broken’. Maybe, just maybe, if there wasn't the enormous and obscene wastes of taxpayers' money rubbed in our faces on a daily basis we would have sympathy for done tax rises. But even then: not this one. http://www.dailymail.co.uk/news/article-5571445/Older-workers-pay-National-Insurance-avert-social-care-disaster.html
  7. One percent

    Tax is for the little people

    http://www.dailymail.co.uk/news/article-5529183/MPs-wondered-Camillas-hair-REALLY-tax-deductible.html The death of Charles’s beloved grandmother in 2002 left tax officials with a headache. Ordinarily, they would have asked for millions in inheritance tax on her jewels, antiques and art collection — including a Monet worth £50 million. But they were told that the Queen Mother had given the lot to her daughter and grandchildren in 1993. And, by law, gifts made seven years before death are not liable to inheritance taxes. Suspicions were raised, however, when her entire collection of jewels was found still in her own cupboards. In the end, the Inland Revenue decided not to challenge this. The settlement, however, worried some MPs. Come on you serfs. Keep working and paying your taxes. We have more jewels to buy and flowers to talk to.
  8. http://www.dailymail.co.uk/news/article-5414951/New-financial-watchdog-tax-avoider.html The man appointed to police Britain’s financial system yesterday admitted using a notorious scheme that helped cut tax bills. Charles Randell was given the job despite admitting in his Treasury interview that he had been made to pay back £114,000 to the taxman, plus interest.
  9. http://www.dailymail.co.uk/news/article-5222683/Celebrities-lose-film-investment-tax-appeal-case.html i know one shouldn't laugh at the misfortune of other but...😂😂😂😂😂😂😂😂 Football stars David Beckham and Gary Lineker face paying a share of a £480 million tax bill after losing an appeal against a decision by HMRC to reject their claim for relief over investments in the film industry. The pair were among 81 celebrities and high profile sports stars who had invested in film-funding schemes which pumped money into hit movies such as Avatar.
  10. Chewing Grass

    Everyday Tax Avoidance for Normal Folk

    Here is a nice story from the replublic of ireland where two bessy mates have got married so one can leave the other a house to live in. https://www.thesun.ie/news/1964341/emotional-straight-irish-pals-who-wed-to-avoid-inheritance-tax-share-a-kiss-after-saying-i-do/ The old pals, who have been friends for almost 30 years, realised that Michael would face a crippling tax bill after Matt dies. They had been planning to tie the knot in Cashel, Tipperary in a humanist ceremony but changed their plans when a last minute cancellation became available. “They got equality for gay people to get married, but they also got equality for everyone else. We’re not taking it from the gay people, but we recognise that the work that the gay and lesbian people did during that referendum has got it for themselves, and got it for everybody."
  11. Great Guy

    reducing tax for self employed

    There seem to be a fair amount of self employed here. I thought it might be an idea to swap tax tips? I'm by no means a tax expert but here are some things that you could consider: 1. Pay yourself a minimal wage and a large dividend (ok, I know we all know this). 2. Pay wife/ mistress a wage & dividends (yeah, I'm really the font of all tax wisdom). 3. Contribute to pension directly from company to avoid corporation tax ( I only found out about this a few months back...) 4. A lot of hotels have loyalty schemes where you can pay extra to get extra points. Maybe when you're away on business pay for extra points (tax deductible) then use them for holiday accommodation? As I said, I'm no tax accountant. Feel free to rip my ideas to shreds or add fresh ideas.
  12. Dave Bloke

    I'm on strike

    a strike against the government and taxation. I've down tools for a month and won't be contributing.