Brighton Player Arrested

Discussion in 'Bulletin Board' started by Stahlrost, Jan 24, 2018.

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  1. Plankton Pete

    Plankton Pete Well-Known Member

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    Easy to pursue an individual. A huge corporate entity will fight their corner much harder.
     
    Plankton Pete, Jan 24, 2018
    #21
  2. Jam

    Jamo Well-Known Member

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    It's almost as if companies with billions of quid can afford to employ the very best accountants who can exploit the tightest loopholes that take years and years of work from HMRC to close. It takes a little less time to recover the tax Barry the bricky didn't pay because he underdeclared his sales.
     
    Jamo, Jan 24, 2018
    #22
  3. Con

    Conan Troutman Well-Known Member

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    I owe the taxman £206. He will be making sure he gets it.
     
    Conan Troutman, Jan 24, 2018
    #23
  4. Dan

    DannyWilsonLovechild Well-Known Member

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    Its no secret that the big 4 (as they are now) sell their services to HMRC on aspects of tax that aren't watertight, often with secondments charged at a very high level. Ironically these people are often from HMRC and go from gamekeeper to poacher.

    The schemes get changed, the new private practice former hmrc person then creates new scheme and so it continues. Tax avoiders mitigate tax take, hmrc spend fortunes trying to tighten loophole, accountants make a fortune selling the scheme to private clients, corporate clients and the hmrc themselves.

    The tax avoidance merry go round.
     
    DannyWilsonLovechild, Jan 24, 2018
    #24
  5. blivy

    blivy Well-Known Member

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    The schemes aren’t big 4 schemes. They’re usually small boutique firms looking to exploit loopholes to make a quick buck.
     
    blivy, Jan 24, 2018
    #25
  6. Dan

    DannyWilsonLovechild Well-Known Member

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    Big 4 earn vast amounts from it and from fees of hiring former hmrc inspectors. True that there are smaller firms and individuals advising clients accordingly, but its the big firms where the big issue resides that keeps this odious lucrative industry turning.
     
    DannyWilsonLovechild, Jan 25, 2018
    #26
  7. Redstone

    Redstone Well-Known Member

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    Sums it up well. I enjoyed this one too from about a minute in sums up how stupid the system is.

     
    Redstone, Jan 25, 2018
    #27
  8. Sco

    Scoff Well-Known Member

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    The problem is the complexity of the tax system which IIRC is now over 1,000 pages. You could scrap 900 of those and make it much simpler and therefore harder to avoid it.
     
    Scoff, Jan 25, 2018
    #28
  9. Brush

    Brush Well-Known Member

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    Good point, but assuming they are found guilty.....
     
    Brush, Jan 25, 2018
    #29
  10. stairfoot.red

    stairfoot.red Well-Known Member

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    One simple reason GREED
     
    stairfoot.red, Jan 25, 2018
    #30
  11. John Peachy

    John Peachy Well-Known Member

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    Could be a nail in the coffin for Brighton. He's their top scorer. If so he could be putting them in the scheisse too.
     
    John Peachy, Jan 25, 2018
    #31
  12. blivy

    blivy Well-Known Member

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    S
    Except any ‘schemes’ fall under the Disclosure of Tax Avoidance Schemes rules so the big 4 don’t touch them (along with most other accountancy firms). So it’s just not true.
     
    blivy, Jan 25, 2018
    #32
  13. Dan

    DannyWilsonLovechild Well-Known Member

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    Yes, don't advise clients, or the hmrc together, clearly don't.... clearly
     
    DannyWilsonLovechild, Jan 25, 2018
    #33
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