[JandS]

Claiming legitimate expenses still means you're effectively avoiding tax but legitimately  just like these people are legitimately avoiding tax.
Morals as got nothing to do with it.

[robert mitchell]

Claiming legitimate expenses still means you're effectively avoiding tax but legitimately  just like these people are legitimately avoiding tax.
Morals as got nothing to do with it.

Oh dear , have a word with yourself ......tax is only payable on profit .....PROFIT , not turnover .

You cant avoid paying tax that you never owed in the first place.

[Shrek]

Hmm , I do like having  a limited company.
The main advantage is paying less tax than a sole trader , that’s because I can pay myself a small wage so I don’t get taxed and then pay myself dividends (which I also don’t get taxed on) .....

It’s not just celebrities who do it, maybe some people just haven’t legally done what they can to avoid paying tax .

Happy days 

[robert mitchell]

Hmm , I do like having  a limited company.
The main advantage is paying less tax than a sole trader , that’s because I can pay myself a small wage so I don’t get taxed and then pay myself dividends (which I also don’t get taxed on) .....

It’s not just celebrities who do it, maybe some people just haven’t legally done what they can to avoid paying tax .

Happy days 

Do you not pay corporation tax then?

[Arnold Palmer]

Hmm , I do like having  a limited company.
The main advantage is paying less tax than a sole trader , that’s because I can pay myself a small wage so I don’t get taxed and then pay myself dividends (which I also don’t get taxed on) .....

It’s not just celebrities who do it, maybe some people just haven’t legally done what they can to avoid paying tax .

Happy days 

Do you not pay corporation tax then?

Yes. At a lower rate than PAYE. (I pay myself via PAYE by the way)

[Arnold Palmer]

Pension schemes are tax avoidance, is that immoral?

No , because you pay tax on the income you receive from it when you retire .

Yes but at a lower rate.

[Shrek]

Corporation tax is 19% on profits , going down to 17% by 2020.

The main reason for people making their company a limited one is for tax efficiency. As in they don’t have to pay as much tax as they would if they were a sole trader.

Oh but that’s different to the celebrity’s doing it because it’s on a smaller scale - is that right ?

[robert mitchell]

Corporation tax is 19% on profits , going down to 17% by 2020.

The main reason for people making their company a limited one is for tax efficiency. As in they don’t have to pay as much tax as they would if they were a sole trader.

Oh but that’s different to the celebrity’s doing it because it’s on a smaller scale - is that right ?

Doesn't matter who is doing it , your paying the correct rate of corporation tax ......... but if you were funnelling your income through ireland to pay less tax on money you earned here that would be immoral, apple for instance have been avoiding around 4-5 hundred million a year in tax doing that .

[JandS]

Claiming legitimate expenses still means you're effectively avoiding tax but legitimately  just like these people are legitimately avoiding tax.
Morals as got nothing to do with it.

Oh dear , have a word with yourself ......tax is only payable on profit .....PROFIT , not turnover.


You cant avoid paying tax that you never owed in the first place.

By lowering your profit through claiming  expenses you're still avoiding tax legit or otherwise....have a word with yourself.

[Arnold Palmer]

Oh well, let's all just be outraged at evil, immoral 'celebs' like Mr Mitchell. That'll help.

Thoughts and prayers are with you.

[robert mitchell]

Claiming legitimate expenses still means you're effectively avoiding tax but legitimately  just like these people are legitimately avoiding tax.
Morals as got nothing to do with it.

Oh dear , have a word with yourself ......tax is only payable on profit .....PROFIT , not turnover.
By lowering your profit through claiming  expenses you're still avoiding tax legit or otherwise....have a word with yourself.

You cant avoid paying tax that you never owed in the first place.

Dont be daft , you have not earned any money until you make a profit.

or , if you dont make a profit , you cant take any money out , to spend , on your living expenses etc .

I find it difficult to believe anyone with the get up and go to be self employed is that stupid ......so i can only assume your trolling.

[robert mitchell]

Oh well, let's all just be outraged at evil, immoral 'celebs' like Mr Mitchell. That'll help.

Thoughts and prayers are with you.

I dont believe in god so dont bother praying for me.

You could be like soupy and completely ignore the fact that im not talking only about celebs , read back through the posts , i said it applies to everyone from the sole trader to the richest companies and yes celebs .

[֍Winp®oClean֍]

Just to clarify... my client is the tax alchemist, not Lewis Hamilton!!

[p1w1]

Just to clarify... my client is the tax alchemist, not Lewis Hamilton!!

That makes this whole thread pointless now 

[Arnold Palmer]

Oh well, let's all just be outraged at evil, immoral 'celebs' like Mr Mitchell. That'll help.

Thoughts and prayers are with you.

I dont believe in god so dont bother praying for me.

You could be like soupy and completely ignore the fact that im not talking only about celebs , read back through the posts , i said it applies to everyone from the sole trader to the richest companies and yes celebs .

So where are the outraged media stories about JandS then?

[Arnold Palmer]

I dont believe in god so dont bother praying for me.

I was being facetious, thoughts and prayers are equally as effective as your outrage.

[robert mitchell]

Oh well, let's all just be outraged at evil, immoral 'celebs' like Mr Mitchell. That'll help.

Thoughts and prayers are with you.

I dont believe in god so dont bother praying for me.

You could be like soupy and completely ignore the fact that im not talking only about celebs , read back through the posts , i said it applies to everyone from the sole trader to the richest companies and yes celebs .

So where are the outraged media stories about JandS then?

Whats the media got to do with my opinion on tax avoidance?

I know nothing about jands to be outraged about.

[Arnold Palmer]

Whats the media got to do with my opinion on tax avoidance?

I know nothing about jands to be outraged about.

My entire point is that being outraged at tax avoiders is utterly futile. The media have spun this to make it look like it's all Lewis Hamilton and Bono's fault.

It's not. Incorrect form aside, none of these people have done anything illegal, MAKE IT ILLEGAL.

A tax on morality is worse. Only people with a conscience need to pay tax? No thanks.

[robert mitchell]

Whats the media got to do with my opinion on tax avoidance?

I know nothing about jands to be outraged about.

My entire point is that being outraged at tax avoiders is utterly futile. The media have spun this to make it look like it's all Lewis Hamilton and Bono's fault.

It's not. Incorrect form aside, none of these people have done anything illegal, MAKE IT ILLEGAL.

A tax on morality is worse. Only people with a conscience need to pay tax? No thanks.

Explain exactly which laws you would change to make it illegal?

Explain how you stop these creative accountants from finding new loopholes that you hadnt even thought of when you changed these laws?

[֍Winp®oClean֍]

Just to clarify... my client is the tax alchemist, not Lewis Hamilton!!

That makes this whole thread pointless now 

Just thought I would add it to the mix!!