Welcome Guest [Log In] [Register]
Welcome to Uk Debate Mk 2, the UK's liveliest political and social debate site.


You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are some features you can't use. If you join our community, you'll be able to access member-only sections, and use many member-only features such as customizing your profile, sending personal messages, and voting in polls. Registration is simple, fast, and completely free.


Join our community!


If you're already a member please log in to your account to access all of our features:

Username:   Password:
Add Reply
Uber Lions.
Topic Started: Nov 16 2014, 08:31 AM (295 Views)
RJD Nov 16 2014, 08:31 AM Post #1
Member Avatar
Prudence and Thrift
[ * * * * ]
 the best-paid 0.01 per cent, the ones we’re led to believe pay no tax. They earn 1.4 per cent of salary paid in Britain yet stump up 4.2 per cent of all income tax. That is to say, the top 3,000 pay more than the lowest-paid nine million taxpayers put together.

The Usuals claim these people pay zero taxes. Untrue they pay the Uber Lion's Share.
Offline Profile Quote Post Goto Top
 
Replies:
RJD Nov 18 2014, 08:13 AM Post #41
Member Avatar
Prudence and Thrift
[ * * * * ]
Tigger
Nov 16 2014, 08:21 PM
AndyK
Nov 16 2014, 08:05 PM
Tigger
Nov 16 2014, 08:01 PM
AndyK
Nov 16 2014, 07:33 PM
Really! I suggest you sack your present accountant! ;D

Try this little wheeze, buy a new car and claim it is for sole use within your business, this might entail meeting clients, transporting a bag of cement or dropping off a letter, to complete the charade have the name of the business displayed on the vehicle, you might of course pop down the shops in it or go on holiday but as long as it is on "business" nobody cares! You can claim VAT off of the purchase price and on a lot of the running costs.

And NOBODY on £100k pays the headline rate of tax unless they are completely stupid!

This is about personal tax's.

Business taxes are a completely different subject.
You don't seem to understand, you get your wages/income paid into a business you set up to avoid paying that headline rate I mentioned, you in effect set up a shell company to this end, a while ago Private Eye reported that several senior tax officials at HMRC had done just this!

And I think I'm right in saying just about anyone earning in excess of circa £70k can use a tax planner and ask the person who pays their wages to hand them over to the tax planner for suitable attention.
As well as not understand how VAT works with small businesses you appear not to have any understanding on how HMRC interprets "benefits in kind". By Law you are obliged to list all income from all Worldwide sources and also identify any benefits in kind. That means if some 3rd party company owns your car and your house and you have the beneficial use of these you get clobbered. There are some benefits, but these are marginal and often not worth the bother of attracting scrutiny. Those that benefit are those that do not report. But the claim of this thread is nothing to do with those that avoid tax, the opposite, it is all about those that pay and yes the Top 0.01% who are paying are now paying even more. This translates into the fact that we are increasingly reliant on fewer individuals to pay for all of our Services and many, if not most, maybe even all could be very quickly on their bikes.
The claim was that the Uber Lions are paying an even bigger share and this was made to combat the scurrilous lie, no doubt concocted in the Red Nag, that the very rich pay nothing. Whether they pay enough or there are rogues within that group is quite separate. So go blow smoke elsewhere.
Offline Profile Quote Post Goto Top
 
1 user reading this topic (1 Guest and 0 Anonymous)
« Previous Topic · Politics · Next Topic »
Add Reply