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.

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 -):

Stan,

Thanks a bunch, you have put the mockers on what I thought was a fool proof scheme.

Beebusy,

No thanks, I know a con when I see one!

‘Angela Merkel Thinks We’re At Work’ flag aids three-year-old cancer victim

Morality against legality.

When considering whether ”tax dodging and avoidance" is legal, morally “right”, or “wrong” and as to whether one should do it, in order to advantage oneself, or one’s own, at the expense of others, it may be worth consider the action of the Gestapo in the 30s and 40s .

At that time, the government of the German state defined many actions to be legal, which were then carried out by the Gestapo and others.

However, the majority of the world, consider many of those actions, although with the assent of the state at the time of their actions, to be immoral and later by the international courts to be criminal.

A state giving “permission” for something is “allowed” and can be legally “done”, does not make it morally right, or suggest that it should be done.

" it may be worth consider the action of the Gestapo in the 30s and 40s "

No Fred it wouldn't , this is 2012 and the comparison is really rather stupid even for you.

My tax avoidance scheme is even better.....every time I go to a petrol station : I ask for a vat receipt but I'm not claiming vat.....mind blowing non ?....really brill.....

Alds.

Again.

Thank you for your intelligent contribution.

Very thoughtful, but don't strain yourself to-much again to-day.

Try having a lie down in a dark room.

last year I paid more tax than osborne .
this country was great once due to the brittish people
who where born here .
now it is being raped by immigrants who have and will not
put anything in to the country perhaps 1% of tem might but even they bring benefit
scum with them if you look at the percentage of migrants claiming benefits you will
see why the NHS and schools are declineing down the pan .just go to the local shopping centres and listen they do not speak english what chance have these teachers got and I was one that thought they where the problem they are NOT it is
the parents of these kids .they waqnt to come and live and take benefits but want to
still live like back home so send them back.

http://finance.uncommonwisdomdaily.com/reports/RWR/DEC-VSP/dec-vsp-alt.php?ccode=&em=&sc=KITCO&ec=5161101

Aldwickk,

Obviously a scare story to make you sign up, BUT it does allow you to go far enough to want to put up the barricades, not that that would do any good.
A long listen, but well worth it.

Muslim Brotherhood's Mursi declared Egypt president

The Muslim Brotherhood's Mohammed Mursi has been declared the winner of Egypt's presidential election run-off.

He won 51.73% of the vote, beating former PM Ahmed Shafiq, the Higher Presidential Election Commission said.

The head of the panel of judges, Farouq Sultan, said it had upheld some of the 466 complaints by the candidates, but that the election result still stood.

The announcement prompted scenes of jubilation in Cairo's Tahrir Square, where Mr Mursi's supporters gathered.

UMMMMM,

Wait and see!

Nothing will happen. The new president has no power. There is no constitution and the army are going to write it some time. There is no parlament and no new elections of MPs arranged.

It looks like the army has allowed the Muslim Brotherhood to win by a small margin to pacify the crowds. It may take some time to see that it is a hollow victory. The next move by the army should show their intentions. It remains to be seen how long the army can hold things together before there is a new uprising, this time against the army.

Allowing the brotherhood to win is a clever ploy as they may be happy at present with their partial victory. The army may then 'arrange' for there to be a parliament of a non-brotherhood flavour meaning that neither the parliament nor the president has any real power. The army can then sit in the background controlling things for as long as they like.

This is a significant development

Saudi government to allow its women athletes to compete in the London 2012 Olympics, BBC learn


http://www.bbc.co.uk/news/world-middle-east-18571193

http://www.bbc.co.uk/news/uk-politics-18550455