howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#1
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
#2
a level playfield is needed here asap.
Guest 641- Registered: 12 Mar 2008
- Posts: 2,335
#3
It's shocking to read this report, with up to 20,000 small firms being spot checked by the HMRC who have the power to fine them up to £3K for minor errors going back years, is senseless, fair and proportionate they are not!
The government's pledge to support small businesses which are the backbone of this country is worthless.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#4
it will be the smallest ones like shops that suffer the most, many just get by as it is.
far too much red tape for these businesses.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
#5
Another helping hand for the `Elite Fat Pigs`
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#6
Small business are much easier targets for this than larger firms and many of them do not have proper accountants to make sure they do things right. You can get an insurance (mine costs £100 pa) to cover you for tax investigation costs but not for fines of course.
You really do hate success and successful people Reg...
Guest 640- Registered: 21 Apr 2007
- Posts: 7,819
#7
HMRC find it much harder to investigate large multi-national or national organisations because the finances are hidden in vast amounts of clever financial trickery. All probably legal. As Panorama or was it Dispatches pointed out in a recent documentary..half the Tory frontbench have offshore hidden tax revenue..even the saintly Andrew Mitchell... probably within the spirit of the law, but their affairs are so complex that HMRC are loathe to get involed in the expense of unravelling it at further great expense to the taxpayer.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#8
PaulB - it is quite normal to invest offshore and quite legal. I will often, in the right circumstances, be recommending offshore domiciled investments, Dublin, Isle of Man, Channel Islands and Luxembourg being the more commonly used by me. Taxation arrangements are such that we can avoid the risk of 'double taxation' being incurred in this way, where it would be a problem. I am quite sure that Andrew Mitchell has done so properly and quite legally because if not you would not even know about it... No, this is not about 'the spirit of the law' it is fully and totally legal and in fact there are arrangements in place for HMRC to be informed and a 'withholding tax' can often apply as well.
To suggest that someone is doing so secretly, as you say he has 'hidden' investment (I assume that's what you mean, not 'tax revenue'), is to suggest they are breaking the law though I note your qualification. Of course there are many Labour frontbenchers who will have done so as well and they will have done nothing wrong. There is nothing party political about this and neither is it something that is only for the rich - there may be good reasons for you or anyone else reading this forum to have some money 'offshore'.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#9
i once invested 10 euros in a slot machine in calais, the dividend was abysmal - couldn't recommend it to anyone.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
#10
better odds than the ones on board ship howard.
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,948
#11
howard;
you are a scxream lol
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