 Jimenez  SELHURSTPARKCHESTER,DA BRONX 04 Nov 12 9.54pm |
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A bit naughty I must admit but seemingly legal,then again they contribute millions to the economy unlike this Scumbag.....http://blogs.telegraph.co.uk/news/andrewgilligan/100142591/ken-livingstone-tax-avoidance-labour-unease-grows/
Pro USA & Israel
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| Jimenez SELHURSTPARKCHESTER,DA BRONX 04 Nov 12 9.54pm |
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^^^^^^ Sorry Link not working f***ing I-Phone....
Pro USA & Israel
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nickgusset  Shizzlehurst 04 Nov 12 10.10pm |
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Quote Jimenez at 04 Nov 2012 9.54pm
^^^^^^ Sorry Link not working f***ing I-Phone....
Oh the irony. Tax avoiders and s***e products.
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| Jimenez SELHURSTPARKCHESTER,DA BRONX 04 Nov 12 10.18pm |
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Quote nickgusset at 04 Nov 2012 10.10pm
Quote Jimenez at 04 Nov 2012 9.54pm
^^^^^^ Sorry Link not working f***ing I-Phone....
Oh the irony. Tax avoiders and s***e products.
Oh the Irony I was trying to be sarcastic actually...
Pro USA & Israel
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 Cucking Funt Clapham on the Back 04 Nov 12 10.31pm |
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Goodness me. It seems even teachers are at it......
[Link]
Wife beating may be socially acceptable in Sheffield, but it is a different matter in Cheltenham
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| Jimenez SELHURSTPARKCHESTER,DA BRONX 04 Nov 12 11.01pm |
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Quote Cucking Funt at 04 Nov 2012 10.31pm
Goodness me. It seems even teachers are at it......
[Link]
Expect a White Horsesque explanation & a Link windfall from Che Gusset.....
Pro USA & Israel
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| nickgusset Shizzlehurst 04 Nov 12 11.17pm |
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Interesting link. When I did agency work, I was paid by an umbrella company. Had no idea whether NIC was paid, the agency told me everything was above board.
Still at least I'll get 3 square meals in the scrubs...and a playstation (apparently)
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| Stuk Top half 05 Nov 12 2.47pm |
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Quote nickgusset at 04 Nov 2012 11.17pm
Interesting link. When I did agency work, I was paid by an umbrella company. Had no idea whether NIC was paid, the agency told me everything was above board.
Still at least I'll get 3 square meals in the scrubs...and a playstation (apparently)
What? You never had a payslip, no?
Optimistic as ever
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| Superfly The sun always shines in Catford 05 Nov 12 3.03pm |
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Quote Stuk at 05 Nov 2012 2.47pm
Quote nickgusset at 04 Nov 2012 11.17pm
Interesting link. When I did agency work, I was paid by an umbrella company. Had no idea whether NIC was paid, the agency told me everything was above board.
Still at least I'll get 3 square meals in the scrubs...and a playstation (apparently)
What? You never had a payslip, no?
You don't really get one for this type of method I think Stu. If I remember correctly, you're paid a minumum amount (can't remember what this is based on - but it less than 10k PA) on which you pay NIC and income tax. The rest of your wages are paid as 'profit sharing' from the umbrella company after they have paid corporation tax.
I think the minumum amount might be the threshold amount you can earn before income tax (in which case you don't pay any income tax - just corporation tax). My memory's a bit fuzzy though
Lend me a Tenor
31 May to 3 June 2017
John McIntosh Arts Centre
London Oratory School
SW6 1RX
with Superfly in the chorus
[Link]
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| Stuk Top half 05 Nov 12 4.34pm |
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Quote Superfly at 05 Nov 2012 3.03pm
Quote Stuk at 05 Nov 2012 2.47pm
Quote nickgusset at 04 Nov 2012 11.17pm
Interesting link. When I did agency work, I was paid by an umbrella company. Had no idea whether NIC was paid, the agency told me everything was above board.
Still at least I'll get 3 square meals in the scrubs...and a playstation (apparently)
What? You never had a payslip, no?
You don't really get one for this type of method I think Stu. If I remember correctly, you're paid a minumum amount (can't remember what this is based on - but it less than 10k PA) on which you pay NIC and income tax. The rest of your wages are paid as 'profit sharing' from the umbrella company after they have paid corporation tax.
I think the minumum amount might be the threshold amount you can earn before income tax (in which case you don't pay any income tax - just corporation tax). My memory's a bit fuzzy though
Sounds like a scam to me.
Funny how people are prepared to not ask questions when it comes to deductions from their own earnings.
Optimistic as ever
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| npn Crowborough 05 Nov 12 4.42pm |
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Quote Stuk at 05 Nov 2012 4.34pm
Quote Superfly at 05 Nov 2012 3.03pm
Quote Stuk at 05 Nov 2012 2.47pm
Quote nickgusset at 04 Nov 2012 11.17pm
Interesting link. When I did agency work, I was paid by an umbrella company. Had no idea whether NIC was paid, the agency told me everything was above board.
Still at least I'll get 3 square meals in the scrubs...and a playstation (apparently)
What? You never had a payslip, no?
You don't really get one for this type of method I think Stu. If I remember correctly, you're paid a minumum amount (can't remember what this is based on - but it less than 10k PA) on which you pay NIC and income tax. The rest of your wages are paid as 'profit sharing' from the umbrella company after they have paid corporation tax.
I think the minumum amount might be the threshold amount you can earn before income tax (in which case you don't pay any income tax - just corporation tax). My memory's a bit fuzzy though
Sounds like a scam to me.
Funny how people are prepared to not ask questions when it comes to deductions from their own earnings.
Yeah, it is. I used an umbrella while contracting for a while (but then I'm a filthy capitalist).
You 'work' for them, and earn a small wage thus avoiding large amounts of NI, and staying outside IR35 by not directly contracting.
All legal avoidance techniques, but precisely the sort of thing that tends to draw disgusted tuts when done by others. Although I did receive a payslip (which I think they are legally obliged to produce).
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| Superfly The sun always shines in Catford 05 Nov 12 4.49pm |
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Quote Stuk at 05 Nov 2012 4.34pm
Quote Superfly at 05 Nov 2012 3.03pm
Quote Stuk at 05 Nov 2012 2.47pm
Quote nickgusset at 04 Nov 2012 11.17pm
Interesting link. When I did agency work, I was paid by an umbrella company. Had no idea whether NIC was paid, the agency told me everything was above board.
Still at least I'll get 3 square meals in the scrubs...and a playstation (apparently)
What? You never had a payslip, no?
You don't really get one for this type of method I think Stu. If I remember correctly, you're paid a minumum amount (can't remember what this is based on - but it less than 10k PA) on which you pay NIC and income tax. The rest of your wages are paid as 'profit sharing' from the umbrella company after they have paid corporation tax.
I think the minumum amount might be the threshold amount you can earn before income tax (in which case you don't pay any income tax - just corporation tax). My memory's a bit fuzzy though
Sounds like a scam to me.
Funny how people are prepared to not ask questions when it comes to deductions from their own earnings.
Nail on the head
I did it myself when I was temping. In a nutshell it's a way of paying corp tax instead of income tax, which I think saves you about 6 or 7% You can also deduct expenses from your gross to cut down the tax bill
Edited by Superfly (05 Nov 2012 4.50pm)
Lend me a Tenor
31 May to 3 June 2017
John McIntosh Arts Centre
London Oratory School
SW6 1RX
with Superfly in the chorus
[Link]
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| jamiemartin721 Reading 05 Nov 12 5.22pm |
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Quote nickgusset at 04 Nov 2012 11.17pm
Interesting link. When I did agency work, I was paid by an umbrella company. Had no idea whether NIC was paid, the agency told me everything was above board.
Still at least I'll get 3 square meals in the scrubs...and a playstation (apparently)
Umbrella companys are a very questionable in terms of their tax contributions. That said, mine works out at around 20-25% of my income goes out as tax (dependent on expenses). Its just worked out differently than PAYE.
But if you consider sick pay, holdiay pay, tax incentives and pension contributions, that you have to make yourself, it probably works out as close to PAYE.
"One Nation Under God, has turned into One Nation Under the Influence of One Drug"
[Link]
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| jamiemartin721 Reading 05 Nov 12 5.30pm |
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Quote npn at 05 Nov 2012 4.42pm
Quote Stuk at 05 Nov 2012 4.34pm
Quote Superfly at 05 Nov 2012 3.03pm
Quote Stuk at 05 Nov 2012 2.47pm
Quote nickgusset at 04 Nov 2012 11.17pm
Interesting link. When I did agency work, I was paid by an umbrella company. Had no idea whether NIC was paid, the agency told me everything was above board.
Still at least I'll get 3 square meals in the scrubs...and a playstation (apparently)
What? You never had a payslip, no?
You don't really get one for this type of method I think Stu. If I remember correctly, you're paid a minumum amount (can't remember what this is based on - but it less than 10k PA) on which you pay NIC and income tax. The rest of your wages are paid as 'profit sharing' from the umbrella company after they have paid corporation tax.
I think the minumum amount might be the threshold amount you can earn before income tax (in which case you don't pay any income tax - just corporation tax). My memory's a bit fuzzy though
Sounds like a scam to me.
Funny how people are prepared to not ask questions when it comes to deductions from their own earnings.
Yeah, it is. I used an umbrella while contracting for a while (but then I'm a filthy capitalist).
You 'work' for them, and earn a small wage thus avoiding large amounts of NI, and staying outside IR35 by not directly contracting.
All legal avoidance techniques, but precisely the sort of thing that tends to draw disgusted tuts when done by others. Although I did receive a payslip (which I think they are legally obliged to produce).
Just because you're a hypocrite doesn't mean you're not right. Its a capitalist society, its only a fool who tries to live by marxist principles. At the end of the day, you have to exist and make the most of life.
Personally, I'm about 800 a month better off self employed than when I was permanent. My deductions work out at around 25% from Gross to take home.
Which is a lot different to paying nothing, or next to nothing.
As I said before, its not people who 'make it work a bit better in their favour' that are the problem, its the ones who take the p*ss.
"One Nation Under God, has turned into One Nation Under the Influence of One Drug"
[Link]
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| PassDribbleShoot London 05 Nov 12 5.33pm |
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I know a little bit about tax through my studies to know that there exist many loopholes and schemes which allow higher rate individuals and companies to save on tax.
I think they should scrap certain tax avoidance schemes unless they benefit the economy. e.g apprentice schemes, Research & Development, etc.
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| dynamicdick Dormansland 06 Nov 12 5.05pm |
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Companies employ accountants to save them money i.e. TAX there is nothing wrong whatsoever with firms like Apple paying very little tax, don't shoot the messenger change the Law!!
Bring back Brolin
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| jamiemartin721 Reading 06 Nov 12 5.14pm |
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Quote dynamicdick at 06 Nov 2012 5.05pm
Companies employ accountants to save them money i.e. TAX there is nothing wrong whatsoever with firms like Apple paying very little tax, don't shoot the messenger change the Law!!
Well, there is, in an ethical sense, when you consider that as a consequence of them not paying tax, everyone else has to pay a greater share in order to sustain public and national services.
So if Apple don't pay, say 16m in tax, thats 16m that everyone ends up paying.
Its a bit like shoplifters. Its seems victimless, until you realise that the aggrevied party simply adjust prices of goods to compensate for the stolen goods.
"One Nation Under God, has turned into One Nation Under the Influence of One Drug"
[Link]
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| jamiemartin721 Reading 06 Nov 12 5.17pm |
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Quote PassDribbleShoot at 05 Nov 2012 5.33pm
I know a little bit about tax through my studies to know that there exist many loopholes and schemes which allow higher rate individuals and companies to save on tax.
I think they should scrap certain tax avoidance schemes unless they benefit the economy. e.g apprentice schemes, Research & Development, etc.
Actually the later tends to be how most avoidance schemes come to occur, exploitation of taxation relief schemes aimed at something totally different.
I'm an IT contractor, in no way shape or form were the rules regarding self employed like us (they were more designed for self employed craftsman such as builders, plumbers, small business owners etc).
"One Nation Under God, has turned into One Nation Under the Influence of One Drug"
[Link]
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| Baldfella Wigan 06 Nov 12 5.30pm |
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Quote jamiemartin721 at 06 Nov 2012 5.14pm
Quote dynamicdick at 06 Nov 2012 5.05pm
Companies employ accountants to save them money i.e. TAX there is nothing wrong whatsoever with firms like Apple paying very little tax, don't shoot the messenger change the Law!!
Well, there is, in an ethical sense, when you consider that as a consequence of them not paying tax, everyone else has to pay a greater share in order to sustain public and national services.
So if Apple don't pay, say 16m in tax, thats 16m that everyone ends up paying.
Its a bit like shoplifters. Its seems victimless, until you realise that the aggrevied party simply adjust prices of goods to compensate for the stolen goods.
Ethics my arse is there anyone in the world that would phone HMRC and say "I didn't pay enough tax last month I'll pay a bit more next month !" Is there ?
Ok maybe SW2 but apart from that ?
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