Really though, everybody has been saying this for years, business do everything they can to avoid paying tax whereas your average PAYE can’t avoid getting hit over and over again
UK total tax is 34% of GDP, and what do we get with all that tax money? Sweet FA.
Now imagine if they were fully, and properly funded.
£11.4b pays for the unemployment benefit and then some.
HMRC represents a massive opportunity for the government to be able to afford to reduce everyone’s tax simply by going after all the dodgers. Why they don’t resource the whole operation properly and pay massive bonuses to encourage diligent pursuit of evaders defies belief.
Quick, look over there, a single mother is getting benefits!
*laughs in Google, Apple, Facebook, Amazon, Microsoft, eBay, Adobe and Cisco*
When people are asking where is the money going, half of it doesn’t turn up in the first place.
I’ll start by saying I’m a business owner, I pay corporation tax, vat and income tax. I generate taxable income for this government.
VAT fraud is pretty easy to do. Companies charge VAT but don’t register for VAT, set up a load of companies to cross charge to and even if you are register for VAT you’ll never pay it as you netted sum is close to zero. But it’s clearly ilegal and is it worth risking prison for, in my mind no, but I’m not dodgy!
I don’t generate enough to even warrant looking at ways to reduce it.
And those that do are fully aware when they even edge towards grey areas.
And as such they should have the attack dogs after them.
But I think our tax system is wrong.
Tax avoidance is legal, and those with wealth know how to get round tax. For example dividends are taxed at a lower rate than income, so when you are wealthy enough to invest you start to have the tax system work in your favour.
We should reduce income tax, create a wealth tax. It’s obviously to anyone with a modicum of sense that wages will be suppressed with increase automation, and in the next ten years income tax will no longer be an appropriate tax.
We should reduce the tax burden on small business so it encourages more people to take the risk and go out on their own and cut the ways larger businesses avoid tax.
For example, Shell and BP paid zero tax on North Sea oil, not has Amazon’s main UK division, but I have! Something is very wrong when companies with billions of turn over pay less than a little business like mine.
After 13 years of cosy little deals, they’re now going to pretend that they’ve been tough on this all along.
Gawd I hate VAT.
​
Crossed the threshold with my business and now I have to charge other UK businesses 20% more so they can claim it back later.
While we both pay more in accounting fees to handle this.
​
Start your own small business the government said…
The more you work, the more we’ll tax you and the more complicated we’ll make your job.
Ultimately making it more and more attractive to return to being someone else’s slave, we like our citizens to be controlled by the rich minority. We don’t actually want you to have freedom.
Take this news with a pinch of salt. The HMRC rules are very vague and they can basically decide whatever they want to tax.
11 comments
shocked pikachu face…
Really though, everybody has been saying this for years, business do everything they can to avoid paying tax whereas your average PAYE can’t avoid getting hit over and over again
UK total tax is 34% of GDP, and what do we get with all that tax money? Sweet FA.
Now imagine if they were fully, and properly funded.
£11.4b pays for the unemployment benefit and then some.
HMRC represents a massive opportunity for the government to be able to afford to reduce everyone’s tax simply by going after all the dodgers. Why they don’t resource the whole operation properly and pay massive bonuses to encourage diligent pursuit of evaders defies belief.
Quick, look over there, a single mother is getting benefits!
*laughs in Google, Apple, Facebook, Amazon, Microsoft, eBay, Adobe and Cisco*
When people are asking where is the money going, half of it doesn’t turn up in the first place.
I’ll start by saying I’m a business owner, I pay corporation tax, vat and income tax. I generate taxable income for this government.
VAT fraud is pretty easy to do. Companies charge VAT but don’t register for VAT, set up a load of companies to cross charge to and even if you are register for VAT you’ll never pay it as you netted sum is close to zero. But it’s clearly ilegal and is it worth risking prison for, in my mind no, but I’m not dodgy!
I don’t generate enough to even warrant looking at ways to reduce it.
And those that do are fully aware when they even edge towards grey areas.
And as such they should have the attack dogs after them.
But I think our tax system is wrong.
Tax avoidance is legal, and those with wealth know how to get round tax. For example dividends are taxed at a lower rate than income, so when you are wealthy enough to invest you start to have the tax system work in your favour.
We should reduce income tax, create a wealth tax. It’s obviously to anyone with a modicum of sense that wages will be suppressed with increase automation, and in the next ten years income tax will no longer be an appropriate tax.
We should reduce the tax burden on small business so it encourages more people to take the risk and go out on their own and cut the ways larger businesses avoid tax.
For example, Shell and BP paid zero tax on North Sea oil, not has Amazon’s main UK division, but I have! Something is very wrong when companies with billions of turn over pay less than a little business like mine.
After 13 years of cosy little deals, they’re now going to pretend that they’ve been tough on this all along.
Gawd I hate VAT.
​
Crossed the threshold with my business and now I have to charge other UK businesses 20% more so they can claim it back later.
While we both pay more in accounting fees to handle this.
​
Start your own small business the government said…
The more you work, the more we’ll tax you and the more complicated we’ll make your job.
Ultimately making it more and more attractive to return to being someone else’s slave, we like our citizens to be controlled by the rich minority. We don’t actually want you to have freedom.
Take this news with a pinch of salt. The HMRC rules are very vague and they can basically decide whatever they want to tax.