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Can a company get a pay day loan?

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    Can a company get a pay day loan?

    At 10% per day.
    This is a scheme just like any other to reduce tax. Is it legal and what can HMRC do, cause they won't like it?

    PS. Usual fookers don't bother vomiting here and just fook yourself.
    Constructive discussion please.

    #2
    How can we have a constructive discussion with the stupid questions you keep asking?

    Maybe if a kind Mod would move this to general we could give the OP some constructive feedback.
    Last edited by northernladuk; 8 October 2018, 01:48.
    'CUK forum personality of 2011 - Winner - Yes really!!!!

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      #3
      Here’s some constructive advice. Being rude AND stupid will get you banned.

      Being a troll will get you permabanned.
      "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...

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        #4
        How is this scheme meant to work?
        Vote Corbyn ! Save this country !

        Comment


          #5
          Originally posted by fullyautomatix View Post
          How is this scheme meant to work?
          Well to be fair non of the ones he's thought up have even come close so it's just par for the course really.
          'CUK forum personality of 2011 - Winner - Yes really!!!!

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            #6
            Originally posted by fullyautomatix View Post
            How is this scheme meant to work?
            The loan is denominated in a fast depreciating foreign currency processed via the Oude Joris Dutch Antilles Trading Corporation. PM me with your bank account details for further information.

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              #7
              Originally posted by Old Greg View Post
              The loan is denominated in a fast depreciating foreign currency processed via the Oude Joris Dutch Antilles Trading Corporation. PM me with your bank account details for further information.
              Take my money!!!
              'CUK forum personality of 2011 - Winner - Yes really!!!!

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                #8
                Originally posted by pscont View Post
                and what can HMRC do, cause they won't like it?
                Put you in jail for tax evasion.

                Comment


                  #9
                  Originally posted by fullyautomatix View Post
                  How is this scheme meant to work?
                  It's easy you deduct the 10% per day interest from your ltd profit which will save you on your 19% corporation tax per year
                  If you borrow £10 you only will have to pay back £1.17*10E16 after a year (assuming daily interest over interest has to be paid as well) this can than be fully deducted from the corporation tax bill

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                    #10
                    Although it is highly unlikely someone will lend money to an entity that can vanish overnight without paying it's debts...
                    Blog? What blog...?

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