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HMRC have been closing a lot of loopholes for self-employed people, eg: paying minimal salary and mostly dividends, paying your wife more even if she does nothing much for the business, and issuing notices like IR35 to avoid "disguised employment" etc...
Started by DaveG on
, 29 posts
by 11 people.
Answer Snippets (Read the full thread at fccuk):
A bit dissapointed myself with this months pay packet along with my tax code change
When I opened my pay packet to see how my new tax code had affected my pay I only got £92 more than addition,
HOWEVER
When I....
Well...
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My adjusted gross income was higher than in 2010. Yet my overall tax rate went down. My alternative minimum tax also went down. Wasn’t the opposite supposed to happen — the more you make, the higher rate you should pay? I called my accountant...
Started by ebonnaobr on
, 1 posts
by 1 people.
Answer Snippets (Read the full thread at cashflowinnercircle):
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Hi (please advise if in wrong area)
I have just started to receive an occupational pension of 14700 gross pa and received a payslip for the months of March 2012 and April 2012.
The 810L M1 code has been applied (and my allowance will be 8150 as I have...
Started by vigman on
, 11 posts
by 3 people.
Answer Snippets (Read the full thread at moneysavingexpert):
It will not make any real....
Please can anyone explain how the tax came to 364 for these two months and not 220 ???
Also.
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Ask your Facebook Friends
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2020 Tax Commission
1). Taxes should be cut to 33% of GDP
2). Marginal tax rates should not exceed 30% and the threshold increased to £10,000.
3). Taxes on capital and labour income disguised as Business Taxes should be abolished and replaced with with...
Started by RJD on
, 100 posts
by 13 people.
Answer Snippets (Read the full thread at ukdebate):
And everyone would be paying the same the incentive for evasion and aggressive avoidance .
Simplify the tax code making it harder to find ways around it.
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Quote: : billionaire co-founder Eduardo Saverin, who renounced his U.S. citizenship ahead of the IPO, potentially reducing his tax burden.
Saverin, who was born in Brazil and is a resident of Singapore, holds a 4 percent stake in the company, which could...
Started by Menelik_I on
, 20 posts
by 14 people.
Answer Snippets (Read the full thread at twcenter):
Quote can think it's a non issue that billions....
tax rates and benefit from it , just look how many millionaires that have moved from various European countries with enormous tax rates to countries such as Luxembourg, Switzerland and Monaco.
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Just out of curiosity,how may of the ebay sellers here who hold a tax exempt/sellers permit in their given state, charge sales tax on your sales on ebay? I know it may be a touchy subject, but since there is a record of the sale,(paypal,and ebay) I would...
Answer Snippets (Read the full thread at collectors):
I don't know how many sales are lost by the fact that I do charge sales tax in stateI think it....
Just of Kalifornia.
In the tax code that seller is required to pay the tax, and May pass that expense on to the customer.
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Want to congratulate BBC Panorama Team on Brilliant programme, on how likes of Glaxo Kline and Vodafone avoid Tax, effectively stealing from low paid workers who are paying taxes, but most chilling part of programme was the view that Tories will 'cut'...
Started by Zimmie on
, 24 posts
by 15 people.
Answer Snippets (Read the full thread at digitalspy):
This has meant it is even more difficult to understandAre they making it easier or... .
This has meant it is even more difficult to understand, meaning more 1997 and 2010 - when the tax code doubled.
When the tax code doubled.
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Warren Buffet has come out for taxing the rich, which he defines as those making over one million taxable USD annually, in a Bloomberg article:
http://www.bloomberg.com/news/2011-08-15/buffett-urges-congress-to-raise-taxes-on-coddled-billionaires.html...
Started by AuthorMusician on
, 276 posts
by 24 people.
Answer Snippets (Read the full thread at americasdebate):
Raising the tax rate will ....
Simplifying the tax code ( flat tax ) will take care of the inequities.
The code is a plethora of exceptions and deductions.
The rate is not the problem but the tax code is.
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Taxes .
Spending .
Started by Jason McCullough on
, 30 posts
by 16 people.
Answer Snippets (Read the full thread at quartertothree):
The tax code doesn't make a distinction between income from selling stock that came from a risky business, as a mutualist....
The tax code doesn't make a distinction between income.
At the same value either way when I sell the stock .
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Five Tax Fallacies Invented by the 1% http://www.commondreams.org/view/2012/04/30
Five Tax Fallacies Invented by the 1%
by Paul Buchheit
We hear these claims often, even though they're entirely false. An analysis of the facts should make that clear.
(...
Started by Tom Joad on
, 17 posts
by 7 people.
Answer Snippets (Read the full thread at politicsandcurrentaffairs):
In the personal income tax code, then it would be less profitable for the rich to make investments with the investment tax code for IRA's and other personal investments used for retirement purposes by the current tax....
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