Your top ten policies.

[Nick]

I only want the so-called successful to pay their fair contribution in tax. Top earners pay a smaller prcentage of their incomes in indirect taxes like VAT than lower earners, and a vastly smaller percentage in council tax. So paying a higher percentage in income tax is not unreasonable, especially since they pay a much smaller percentage in national insurance once they hit the higher tax rates

Sorry Steve that's not right. It's not about percentage earnings, money sitting in a bank means nothing unless it's being spent, it's percentage spending. And guess what, a rich person pays exactly the same percentage on indirect taxes as we do. 

A footballer earning 400K a week will pay almost half of that in tax, £193K a week. How is that not enough?

He might buy a Bentley at £600K, £100K is VAT. 

Are you going to give a rebate on the say, 500K that someone's parents dropped on their education at Eton and Oxbridge? Or are you going to hammer the parents for having the audacity to be able to afford to pay for little Johnny to attend private school?

The system is already stacked up to take way more tax out of the rich's pockets, you just want to make it more visible to the poor. 

Buy a diesel Range Rover, you immediately pay £600 road tax, even though it does 20 to the gallon and costs £160 to fill up, so again your paying more fuel tax. 

Your view very much smacks of the green eyed monster Steve. 

[johnofgwent]

Yes I have been self employed John and as my accountant was always telling me it was full of ways to make you pay less,and he was right


When I was on the payroll little you could do all deducted at source.

I missed addressing one point which on reflection deserves its own reply.

Yes, an accountants job is, in the eyes of most people, to tell you how not to pay tax.

My personal experience is that mine were not remotely as inventive as the businessmen in my family and the tradesmen i did business with. But as I said in a previous to post, two generations before me made a good living from thinking things up and getting those things made or done so I had inside help.

The problem with accountants which was rammed home by my father, my uncles, aunts and cousins "in business on their own account" (which THEY in turn learned from my grandparents generation who had all died before I launched my first ltdco) is that it is YOU and NOT the accountant who will be in the dock if the accountant f**ks up.

In MY case that ....up was a failure of my accountant to obtain a receipt for delivery of my tax return (I always sent mine recorded delivery and kept photographs of the document in the envelope). ..... THEY didn't. And I had to fight the penalty when the tax office "lost" three copies sent to them in 1994.....

For a fuller understanding of how much fun believing your accountant can be, peruse the internet for "Jimmy Carr". His problem was that he believed his accountant when he asked "was it legal" and was told "yes". This is of course because tax, and tax penalties are NOT a matter of any "law".

Now Carr is an unfunny left wing piece of shit who really should have known better😄 but that does not excuse the fact that no accountant was ever treated as he was for operating these schemes ....

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[johnofgwent]

Yes I have been self employed John and as my accountant was always telling me it was full of ways to make you pay less,and he was right


When I was on the payroll little you could do all deducted at source.

The truly self employed (I was, briefly) had numerous ways not available to directors of limited companies to claim certain things as business expenses no employee ever could and until 1990 the tax treatment of the self employed's vehicles particularly cars was far more generous.

Company Vans were also quite lightly hit until Blair arrived and I do think that might be recognition of white van man as a natural Tory voter under Thatcher.

And whilst MPs are supposedly "employees" paid by the crown their perks are the stuff of legend 

But the point I was making was far too few people ever see the pernicious way every single penny sweated onto the company books is bled dry and the process repeated over, and over, and over as those companies transact business.

[Good old]

Amazon paid 400 million in corporation tax for their last reported period. Hardly little tax.
You're commenting on something when you do not have the facts. Do you know what profit they made? Do you know any deals that have been made in order to keep their administration for the U.K. in the U.K.

https://www.bbc.co.uk/news/business-58485816

Wake up , Nick. 0.37% of turnover ,its nothing . And how many small business opportunities to thrive and pay tax do they choke off with their activities,? How many 20 hr contracts do they use ,with the user having their rent paid by you and me.?

[cromwell]

What exactly do you mean when you define successful though ?

I think Nick will provide you ample understanding of of why those of us who have run companies that offer employment to others call NI a tax on jobs

My "success" was taxed not just at 20% on the company without threshold through corporation tax but also at 20% with a threshold on me personally, and then a further 10% with threshold and upper limit thanks to NI on ME with the company forced to pay a further 10.5% with NO limit for the use of my time.

The fact is nearly six out of every ten pounds the company invoiced vanished in some sort of f**king tax with two or three vanishing just for the privilege of employing people.

And if you think on the fact that anyone you pay a salary to, anyone you buy supplies from and so on are in the same state nearly nine pounds finds its way back to the coffers of the Tw** in number 11.

If you wonder why some companies and management regard employees as idle buggers to thick and too lazy to get off their arse and make a success of themselves, and why Dubai is a city literally plated with gold, look no further than 11 Downing Street.

And honest, successful businessmen who held shares in their United companies and had at any time since their formation issued a dividend to their shareholders got not one f**king penny in furlough relief from that lying tax thieving piece of shit who now holds the number 1 slot to be prime minister for his skulduggery.

Have you ever been self employed ? Do you know what bastards the Revenue are in their whims towards deeming you an employee because you have no legal right to be self employed ? Have you ever run a ltdco and seen the vampires at the revenue, and customs, suck your life blood.

The country into which I was born had a healthy attitude to encouraging the little man with ideas to prosper. I should know six of my close relatives at my grandparents level and four at my father's made a good life from invention, research and industry. In my generation we've been bled dry to fund idle shits who think the only place an elephant doesn't have hair is its rectum.

Yes I have been self employed John and as my accountant was always telling me it was full of ways to make you pay less,and he was right


When I was on the payroll little you could do all deducted at source.

[johnofgwent]

I only want the so-called successful to pay their fair contribution in tax. Top earners pay a smaller prcentage of their incomes in indirect taxes like VAT than lower earners, and a vastly smaller percentage in council tax. So paying a higher percentage in income tax is not unreasonable, especially since they pay a much smaller percentage in national insurance once they hit the higher tax rates

What exactly do you mean when you define successful though ?

I think Nick will provide you ample understanding of of why those of us who have run companies that offer employment to others call NI a tax on jobs

My "success" was taxed not just at 20% on the company without threshold through corporation tax but also at 20% with a threshold on me personally, and then a further 10% with threshold and upper limit thanks to NI on ME with the company forced to pay a further 10.5% with NO limit for the use of my time.

The fact is nearly six out of every ten pounds the company invoiced vanished in some sort of f**king tax with two or three vanishing just for the privilege of employing people.

And if you think on the fact that anyone you pay a salary to, anyone you buy supplies from and so on are in the same state nearly nine pounds finds its way back to the coffers of the Tw** in number 11.

If you wonder why some companies and management regard employees as idle buggers to thick and too lazy to get off their arse and make a success of themselves, and why Dubai is a city literally plated with gold, look no further than 11 Downing Street.

And honest, successful businessmen who held shares in their United companies and had at any time since their formation issued a dividend to their shareholders got not one f**king penny in furlough relief from that lying tax thieving piece of shit who now holds the number 1 slot to be prime minister for his skulduggery.

Have you ever been self employed ? Do you know what bastards the Revenue are in their whims towards deeming you an employee because you have no legal right to be self employed ? Have you ever run a ltdco and seen the vampires at the revenue, and customs, suck your life blood.

The country into which I was born had a healthy attitude to encouraging the little man with ideas to prosper. I should know six of my close relatives at my grandparents level and four at my father's made a good life from invention, research and industry. In my generation we've been bled dry to fund idle shits who think the only place an elephant doesn't have hair is its rectum.

[srb7677]

We've been here before, you want to tax the successful to the hilt. A fair system is where everyone pays the same rate of tax, why don't we all pay 40%
If you earn £100 you pay £40, if you earn £100K you pay £40K. There can be no fairer system than that, but no, you want the guy who earns £100K to pay 50 or 60 percent. That's why you say the rules are too lax, cause they don't fit your socialist ideology.

I only want the so-called successful to pay their fair contribution in tax. Top earners pay a smaller prcentage of their incomes in indirect taxes like VAT than lower earners, and a vastly smaller percentage in council tax. So paying a higher percentage in income tax is not unreasonable, especially since they pay a much smaller percentage in national insurance once they hit the higher tax rates

[Borchester]

SC60 !! You're going back there Mr B 😝

True

[Nick]

Then perhaps the rules are too lax.

We've been here before, you want to tax the successful to the hilt. A fair system is where everyone pays the same rate of tax, why don't we all pay 40%
If you earn £100 you pay £40, if you earn £100K you pay £40K. There can be no fairer system than that, but no, you want the guy who earns £100K to pay 50 or 60 percent. That's why you say the rules are too lax, cause they don't fit your socialist ideology. 

[Nick]

Upon learning that I was ex HMRC, the lad who was quoting for our extension said,

"I suppose you want to see my VAT registration and CIS card and SC60s and such?"

And I replied,

"No, but I would like a good price. How much for cash?"

And he said, "Do you know what, I think we can do business."

SC60 !! You're going back there Mr B 😝 

[Borchester]

I'm not disputing what you see as loopholes exist, I'm just not sure I would see them as loopholes. I avoid paying tax in as many ways as possible, these are not loopholes, they are the rules.

If you want to talk about avoiding evading tax, look no further than your back street garages, barbers, hairdressers, sandwich shop. Any of these businesses that deal in cash do not declare all of it, this I am 100% sure of. The very people that you see as working class and should get tax breaks: they do.

Upon learning that I was ex HMRC, the lad who was quoting for our extension said,

"I suppose you want to see my VAT registration and CIS card and SC60s and such?"

And I replied,

"No, but I would like a good price. How much for cash?"

And he said, "Do you know what, I think we can do business."

[Nick]

https://taxjustice.net/2018/08/10/why-is-amazon-still-paying-little-tax-in-the-uk/
Yes why. ?  This lot are a big name , but not the only multi national capable of avoiding to this degree. It should be a joke ,we know it isn't. It's almost comic when calls for lower taxes are needed for this lot to invest more , do  more in our society . Compared to their income ,they don't pay any tax, what is the point of lowering the rate for someone that is avoiding to this degree? It's not our tax rates that are critical to this , it's unraveling the ridiculous  stories these companies concoct to pay very little anyway.

Amazon paid 400 million in corporation tax for their last reported period. Hardly little tax. 
You're commenting on something when you do not have the facts. Do you know what profit they made? Do you know any deals that have been made in order to keep their administration for the U.K. in the U.K. 

[Good old]

https://taxjustice.net/2018/08/10/why-is-amazon-still-paying-little-tax-in-the-uk/
Yes why. ?  This lot are a big name , but not the only multi national capable of avoiding to this degree. It should be a joke ,we know it isn't. It's almost comic when calls for lower taxes are needed for this lot to invest more , do  more in our society . Compared to their income ,they don't pay any tax, what is the point of lowering the rate for someone that is avoiding to this degree? It's not our tax rates that are critical to this , it's unraveling the ridiculous  stories these companies concoct to pay very little anyway.

[srb7677]

I'm not disputing what you see as loopholes exist, I'm just not sure I would see them as loopholes. I avoid paying tax in as many ways as possible, these are not loopholes, they are the rules.

Then perhaps the rules are too lax.

[Nick]

I am no expert and cannot without researching the matter which I don't have the time for right now. Yet that they must exist is obvious because how else can tax be legally avoided on such an industrial scale?

I'm not disputing what you see as loopholes exist, I'm just not sure I would see them as loopholes. I avoid paying tax in as many ways as possible, these are not loopholes, they are the rules.

If you want to talk about avoiding evading tax, look no further than your back street garages, barbers, hairdressers, sandwich shop. Any of these businesses that deal in cash do not declare all of it, this I am 100% sure of. The very people that you see as working class and should get tax breaks: they do.