2019 Loan Charge Petition Parliament 2019 Loan Charge Petition Parliament - Page 5
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  1. #41

    Some things in Moderation

    cojak's Avatar
    Join Date
    Jul 2005
    Look to your right...


    The retrospective aspect is there to stop cat and mouse scheme hopping (which you can see by the numbers who have been caught out by the different 11-12, 12-13, 13-14 schemes they’ve have been involved in).

    If you think you’re going to be caught in the future, you’re less likely to join a scheme today.
    "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
    - Voltaire/Benjamin Franklin/Anne Frank...

  2. #42

    Nervous Newbie

    Join Date
    Mar 2019

    Default I agree

    Quote Originally Posted by Lance View Post
    Knowingly entering a scheme where you pay no tax, but a percentage to a firm in the Isle of Man is not ignorance.
    Stupidity isn�t much of an excuse either as most are/were reasonably well paid individuals so have a basic level of intelligence (albeit not a lot of wisdom).

    So no sympathy here. I get infractions when I state my view on that other forum.
    I agree; if you enter a scheme knowing you wont pay tax that is tax avoidance. We all have to pay tax to support our public services, you should too. you deserve what you get.
    On a note of advice HMRC usually go back 6 years, 20 years is allowed for extreme tax avoidance, but I would think in this case 6 years will be the max.

    And given the high media profile, usually about footballers, you should have seen this coming.

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