Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

Haystack - were /are you as I was - ie a freelance IT consultant? If so, how did you operate pre IR35 days?

It seems the tax is for ordinary people.

The very poor (as we know them) are also misusing the system. It is hard to believe, and I hope is wrong, but I heard that some people on benefit, mainly foreigners, use a couple of different names to get benefits a couple of times under each name, and even use different names for each child (even borrow child from each other when necessary) to increase their benefit!!! Do/Can the councils, doctors or whoever responsible check the validity of the records!!.

I think they should exempt all the foreigners (non-British) from receiving any benefit, including free doctor visit (GP), free treatment (hospitals), free buss passes, disability allowance, housing benefit, and etc.... They should have medical insurance before coming here, and if they don't have don't come here.

It appears that the system cannot check properly.

skinny
As self employed for many years then through a limited company for many more years when the law changed. Then I had a software company with premises employing quite a few people.

ahoj I can tell you a fact I new a polish person useing is own and is brothers passport and he was claiming for is brother and working on is passport . he as now gone somewhere else they move around to stop being caught out they no all the scams

and the people working in the offices will not say anything because of being sacked for being racist . that is why all immigrants are safe from being found out they no this . benefits are out of control because of being called a racist , not fiction fact

'House Flipping' was illegal , what Jimmy Carr did was legal good luck to him i would do the same then i could choose if i wanted to donate money to a charity and not let my tax be wasted on benefit parisites

Why the government do not act? How can i contact them?

The people in the government are either ignorant, stupid, busy finding ways to avoid paying their personal tax, or overloaded with minor issues.

No country in the world is run like this. Human Right is (mis-)used (ONLY) by criminals. They are milking the country.

I wish I could contact Cameron and talk to him for ten minutes.

Haystack - the limited company goes without saying.

Pre IR35 all sorts of things were allowable and legal - most fellow consultants claimed legal expenses that other people doing similar jobs but in permanent PAYE situations, could only dream of.

Whilst I think that what Jimmy Carr did was excessive, it was nevertheless, legal.

Haystack,

You say, 'I can't see the 'morally wrong' part at all. There are no 'morals' involved with tax.'
Fully agree.
If I could use a tax avoidance scheme, I would do. It is up to the authorities to make sure loop holes are not there to be exploited.
What I do feel though, is MP's flipping houses is totally corrupt, and that the HMRC should do something about it.
I can't see how it is legal for an MP to say that House A is their main residence for expenses purposes and then the next day say that house B is their main residence for Tax purposes.
It should be easy to prove which one they live in the most. I
If it was either of us, we would be done, faster than we could say, 'An error of judgement'.

Greek.

Skinny,

"Hence my comment in post 17528!"

I thought you were relating to the future!

Transposition now corrected! :-)

Skinny,

Being dyslexic, when I first read your post, I thought Transposition read Transportation.
A bit harsh, but it would work.

Having read the previous postings, I can understand more and more the increasing detachment of the young and their disillusionment with present “society”. It appears some are forgetting that much of the basis for the present financial “chaos”, is down to personal greed and “moral” decline of the more “mature” generations.

The morality of present public figures can be seen as a barometer society’s present state.

Wisteria’s condemnation of Carr’s was opportunistic and expressive of himself, like some of the postings on this thread. He is becoming a laughing stock and representative of corruption in the political arena.

Common “morality”, although constantly “changing”, is the basis for the majority of a society’s law. Both can effect, or lead to change in the other.
========

Rather than go through your accountant (he will undoubtedly want an introductory commission and may also want a continual cut of your chargeable fees) anyone interested in using the K2 system for tax avoidance may wish to talk to 'Douglas' at

PeakPerformance.uk.com/tax/

Contact details for Douglas are:

Tel: 0845 658 1830
e-mail: douglas@peakbusinessperformance.uk.com

NB. It is generally thought that your annual income should be in excess of £100,000 pa or they might not be too interested in having you as a client.

They say: Our model is based on education and support, for you and for your clients.

It is extremely important to us that a client is made well aware of the downsides and risks of undertaking this sort of specialist planning, as well as the upsides and benefits, so that they can exercise choice and control. For that reason we prefer to do the education ourselves, through our tax directors and tax mentors.

More info at: The K2 Tax Scheme

It works by transferring salaries into a Jersey-based trust, which lends investors back the money. As the loan can technically be recalled, the loan is not subject to income tax.

"...............It works by transferring salaries into a Jersey-based trust.............."

This is where and how to knock it in the head, IMHO.

The payments to the K2 Account in Jersey are being made 'Gross' instead of having any deductions for Tax being applied to them beforehand.

HMRC simply has to make it illegal to pay anyone for their Services (or the Services element of 'Goods and Services' without first making a deduction for those services for Basic Rate Tax

The recipient can obtain special certification from HMRC so as not to be treated in this way.

eg, Say if he/she was a properly registered self employed individual and one who is currently slap bang up to date with his tax affairs, or an employee, or even say, was a member of certain recognisable professions.

Essentially, the essence is for the Payer (eg, the Theatre (as in Jimmy Carr) or the BBC or the Permier League Football Club or other cheque writer) to be made to have to assume that the recipient is delinquent with his tax affairs (and thus needs certified documentation to prove that he isn't) and so any payment for Services must require a deduction for Basic Rate UK Income Tax to be made.

Simples.

Hell! If I can think up how to do it, then so can HM Government and HMRC too, dont you think?

An even better Tax avoidance scheme.
Forward your salaries to my official tax avoidance RBS account number 47765532 sort code 47-09-87 and I will transfer it to my own 'personally guaranteed off shore bank account'.
Obviously all money will be held in an Escrow account, fully bonded and insured by an independent third party.
If you then send me your full details, including bank details, I will then lend the money back to you in monthly instalments, at zero cost to yourself.
As my bank account is linked to a registered charity, you will actually be able to claim all moneys against your personal tax allowances.
The above is not an illegally run account, nor is it the usual tax avoidance scheme.
In fact it is far superior to any such scheme, as with the charity claim tax back, at 20%, every pound you send me will return, £1.20.
I even promise to pay you 5% interest additional per year, with nil interest on your loan agreement.
Whilst I appreciate that many will look at the above and think, 'Scam', and that it looks too good to be true, please feel free to contact me (no obligation to join) and I will forward you the names, addresses of many satisfied investors.
And that is how you should look at this scheme, as an investment.
BUT PLEASE DO NOT DELAY, as the scheme is only open till end of this month or until all alloted positions are filled and these positions are filling fast.

Thought you lived in Yorkshire G/M.. Not Nigeria -):

I will send you my otc shares for £1.20 each. Deal??

Who says there's no jobs? http://jobseekers.direct.gov.uk/detailjob.aspx?sessionid=747c6165-59b2-49ef-8b93-73f3bd2be9f4&pid=3&j=BUL/20246

£7 a week.. very reasonable I think you'll agree -):