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.

a criminal will always support a criminal .

an excerpt from the link i posted ......

The consequence of a successful HMRC challenge to a film scheme is that investors will lose the ability to offset the ‘loss’ of the partnership loan against their own personal tax liabilities. This means that the tax the investors sought to defer or shelter will then fall due. For most investors this is something that they understood and accepted.

What many investors were not warned about, however, was that they would also then become liable for income tax on the income paid by the film production company to the partnership under the lease agreement. This ‘income’ is of course used to repay the loan part of the investment and is never actually received by the investor.

This leads to a disastrous outcome where investors must pay, not only their own tax which they sought to shelter in the scheme, but also tax (usually at the highest rate) on ‘income’ they have never received.

Essentially, their tax bill could actually exceed their income. This could be financially devastating for many.

As a rough guide, in failed schemes an investor can expect to suffer losses equivalent to about 10 times his cash investment.

Claims against IFAs and Tax Advisors

Due to the complexity of these schemes, most investors sought advice from either or both of their IFAs or their tax advisors. In some cases, these advisors failed to appreciate the potential for a tax liability on partnership income and did not warn the investors of this risk.

TANKER you are right about these dyes and colourants being put in food.

One of the worst culprits are companys who manufacture potatoe crisps.

Jusr read the list of crap on the back of the packet.

I now buy Sainsburys assorted big bag of crisps, derd cheap and a throw back to the old days when crisps were crisps, without the added muck on them.

Im not a big crisp fan but i recommend them if you do like a bag now and again.

currie houses use tons of dyes .killing people

Cynic they have nobody to blame except themselves.

Its like us with shares, you get the odd twit who follows somebody because they have earned themselves a good name on the B/Boards and they then blindly follow them, until one of the stocks go wrong and then they do a U turn and throw a tantrum swearing and shouting at that person, but it is ultimately their own fault for not doing thier own research......ie, DYOR.

Like Charlie says...........Most people entering these schemes know they are unfair and wrong – they enter these schemes with their eyes wide open.
‘They are taking a gamble on not being caught. What they are doing is unacceptable and wrong.’

you'ld do better still not to eat such junk food in the first place :-)

in fact, food additives of all kinds have to through some pretty stringent testing, though you'ld no doubt be pretty horrified at the quantity and variety of additives used in say yoghurts, fizzy drinks and supermarket bread ..... have a good look at the sugar and salt contents for starters

in Pannone's comment - they're a large firm of solicitors - it certainly looks that investors were warned that they might not get the sought tax allowance, but there would equally seem to be some potential very costly consequences about which they might well NOT have been warned

shares are child's play compared to tax issues and the like

Nothing wrong with the odd morsel of Junk Food, the problems start when you live off it day in day out.

do you eat supermarket bread?
what about baked beans and the like?
ready meals perhaps?

I'LL EAT ANY SHIT TANKER ! EXCEPT FRUIT AND VEG ! I WILL STILL OUTLIVE YOU THOUGH BECAUSE I TAKE VITAMIN PILLS .

Cynic rubbish. If these cheats dont understand the system they should have stayed out and paid their fair share of tax like i and others have done.

Ive had at least 20 of the scumster firms chasing me and I tell them to FO. No messing.

Id be a real fool wouldnt I getting done and then losing my right to practice because my pro body had banned me.

But the morals which you dont seem to posess go before anything on this matter.

Where do you take them to.

If it it is up a mountain then they may make you fit.

JIMMY and banans.

Baked Beans are full of sugar.

do they now?
so now tell me that you don't have a pension or an ISA or any other tax avoidance scheme
or perhaps your so-called morals are more related to your revealing comment, "Id be a real fool wouldnt I getting done and then losing my right to practice because my pro body had banned me."

Forgot about the bananas GF ,its going well :)

Dont have a pension, dont have an ISA, my occupation...... management accountant.

Think about it Cynic think about it.

I know youve had a trying afternoon.

it's actually been quite a good day from my little outing to london

so are you now going to say that you think personal pensions and ISAs are immoral, and you therefore endeavour to steer clients away from them?
no doubt you'll be "alright jack" in your dotage because you own your own company and therefore get the "perks" that attach to that - eg perhaps divi rather than income?

No I wont say they are immoral because they are available to perhaphs 95% of the working population. I choose not to bother.

Your scummy cheating tax avoidance plan is only available to high net worth individuals im guessing less than 0.5% of the working population.

Lets face it dont these people earn enough anyway without having to use a scamster scheme.

Its greed and nothing else which motivates these people.

Im so glad they have been caught, better still if they go bankrupt.

You guys seriously believe everything you read... The storey on food aka the super foods and bad stuff changes on a daily basis, who knows what to believe as the so called experts can't even agree... As for tax dodgers, give it a few weeks, we all know HMRC is under staffed, I except a deal will be done, a little slap on the wrists and an affordable fine will see the end of this one..