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.

Kinnock was a liar and a false person filling is pockets no more a labour man than IDS
the man is evil .

http://www.bbc.co.uk/news/business-28393377

UK to post strongest growth in G7, says Item Club

The UK economy will grow faster in 2014 than any other G7 economy, while low wage rises will ensure interest rates do not rise until next year, an influential report has forecast.

Self explanatory YouTube clip.....

Oh dear! As tax payers, what are we to make of this situation? The following is a warning of what can happen if you go a bit too hard with tax avoidance and let the tax tail wag your dog.....

July 11, 2014 6:49 pm
Bankruptcy looms for tax scheme investors
By Adam Palin

Investors in tax arrangements that are the focus of a government crackdown face potential financial ruin, advisers warned, as their clients are landed with tax demands well in excess of their initial investments.

While a growing number of investors seek redress against promoters of tax-saving schemes, bills from the tax authority for their involvement threaten personal wealth beyond the amount of tax saved.

Investors in an array of schemes that involved heavy borrowing to leverage tax-saving arrangements face demands to pay tax on their partnerships’ “sub-licensing” payments, which HM Revenue & Customs treats as income and therefore liable for tax.

One investor in a film partnership currently under scrutiny told the Financial Times that the tax bill outlined in a recent letter from the tax authority leaves him facing the prospect of bankruptcy.

The Eclipse partnership which he entered involved a highly leveraged investment to buy the distribution rights to films including Pirates of the Caribbean 2: Dead Man’s Chest, with intentional operational losses qualifying for income tax relief.

In what he describes as “an incredibly aggressive stance”, the investor says HMRC has requested tax on partnership income that was never received by individual investors. The tax bill that he and fellow investors face is many times greater than the amount put in.

“From a total investment of around £300,000, I anticipate a final liability of seven or eight times what I put in,” he says. “It’s absolutely life-changing.”

Tina Riches, national tax partner at Smith & Williamson, said that many scheme investors, particularly those who have retired or are on modest incomes today, are vulnerable.

“For every celebrity that hits the headlines, there are another 50 members of the public facing potential hardship [as a result of the clampdown],” said Martin Taylor, head of client relations at Rebus, a claims management firm. “There are a lot of worried people out there.”

For every celebrity that hits the headlines, there are another 50 members of the public facing potential hardship. There are a lot of worried people out there
- Martin Taylor, Rebus

In a statement, the tax authority said that where loans have been used “to artificially inflate the losses claimed” by a scheme investor . . . “this may give rise to unexpected tax consequences for the users if HMRC don’t agree the scheme works as intended, beyond the amount expected to be avoided”.

A tribunal found in HMRC’s favour against Eclipse 35, a scheme from the same promoter, Future Capital Partners. The group is confident of overturning this verdict at the court of appeal next year.

In correspondence last month, the tax authority said that it views other Eclipse schemes as “nearly identical in structure” to Eclipse 35.

In an earlier letter to the investor, also seen by the FT, HMRC requested that he pay a sum of almost £900,000 within 28 days of receipt. The notice – which was appealed – recommended payment via cheque, debit or credit card payment.

The investor said an offer to pay the total personal tax relief enjoyed, plus interest, was rejected outright by the tax authority. “If I had stashed my money away in Switzerland, there’s a hotline that I could have called to settle [the disputed tax] . . . Where’s my deal?”

Michael Avient, personal tax partner at UHY Hacker Young, said: “It is quite clear that the Revenue have been told that they need to collect more tax [from scheme investors]. The Revenue will quite happily bankrupt someone.”

HMRC dismisses these claims. Although it does not discuss individual cases, the authority said that “instalment arrangements will be available for those who genuinely need them. HMRC has an outstanding record in supporting those with payment problems.”

The Revenue’s increasingly hard line against taxpayers deemed to have avoided tax is, however, reflected by comments made this week by one of its senior officers.

Jim Harra, director-general of business tax at HMRC, said that the people taking up such schemes are not the “hardworking” majority. “They are the 43,000 affluent people who knowingly signed up to an avoidance scheme in full awareness they were using artificial arrangements to reduce their tax bill. I have no sympathy for these people.”

The taxman believes more than 33,000 individuals and 10,000 companies are members of known and recognised avoidance schemes.

Between them they owe an estimated £4.9billion – equal to an average of about £114,000 each, although some are thought to owe millions of pounds in tax.

Thousands of celebrities, sports stars and wealthy professionals have been warned that they face massive bills following a clampdown on tax avoidance schemes.

HM Revenue and Customs is publishing a list of 1,200 avoidance schemes, each scheme identified by a 'number' and whose members will be told to pay up within 90 days.

aldi
liddles
amazon
starbucks
google
subway
all pay no taxes in the uk
avoid them.

UK - YouGov poll on #EU referendum:

38% would vote for Britain to remain in the EU;

39% for Britain to leave.

EVER ONE I TALK WANT OUT N ONE WANTS TO STAY IN .

mc donalds uses sub standard chicken and beef f you saw it you would not buy it

How do you know??????

RYANAIR . DO NOT TRAVEL WITH SEE COMPANY ASK THE CEO WHY THEY DO NOT GIVE A SHITE ABOUT THEIR PASSENGERS , AFTER SEEING THAT VIDEO YOU CAN SUE FOR DAMAGE SO SUE .

FROM A WORKER WHO WORKS IN SUPPLY

AND IF YOU SAW PRINGLES BEING MADE YOU WOULD NEVER EAT THE CRAP.

We are all going to die!

HAY . yes we will all die the difference is I no we will never come back like these dumb idiots who think they will .god does not exist its a bloody fairy tale .

I'm not convinced on the entire tax avoidance thing, taxation seams to me to be designed for exploitation in the first place... Interesting to see you missed Boots off your list, they have been at it far longer than any of the companies you mention.

How does this work?


“From a total investment of around £300,000, I anticipate a final liability of seven or eight times what I put in,” he says. “It’s absolutely life-changing.”

Hays Ive been dieing every day since I was born.

You'd eat a Pringle?



Strewth. Is it something they put in the water oop norf?

About time these Tax dodgers got done. Serves them right. For every penny they havent paid we the tax paying public have had to subsidise them.

Im glad aswel they are paying back far more than they would have paid.

Cant see it doing much for the Tories at the GE though.