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Farage Ltd and Similar Watch

Avoidance is using legally allowed measures to pay less tax. Evasion is not paying tax that you owe, often by hiding income or suchlike.

Theres a grey area where you use legally allowed measures in a way they werent intended. Still legal, but generally frowned upon.
 
What turns something from avoidance to evasion?

Is the Tice example avoidance or evasion?

And agreed on point 2.

Tice has done a Farage and used all the tools and advice available and stayed legal hence avoidance. Attempts at morality shaming have no legs as people on that side tend not to give a shit and in fact there’s a certain amount of admiration for playing quite cute. Rayner on the other hand fucked up and broke the law hence evasion. Whether she did that through deliberate intent or stupidity only she knows, but for someone in her position to make such a basic error couldn’t be brushed aside as naive and her credibility was shot and had to go - and that’s before you even factor in what she supposedly stood for in terms of trust and morality etc.

I do think there’s a double standard in morality expectations when it comes to the Left and Right, however, the tipping points between avoidance and evasion are quite clear despite appearing at times to be quite grey - the greyness is only a debate for yourself and your own conscience and morality imv.

To that end, I think it’s why when we’re all trying to max out on avoidance the primary concern is yourself and not the taxman. No one stops to think or gives a shit about loss or revenue to the exchequer at the point of buying your tax efficient EV or calculating when to tax efficiently take your pension, or getting advice on inheritance tax for example, and the reality is most people, even the critical ones (or even Angela who evidently tried and failed) would end up doing exactly the same sort of thing as Tice in the same circumstances.

Edit: Also agree on point 2.
 
Tice has done a Farage and used all the tools and advice available and stayed legal hence avoidance. Attempts at morality shaming have no legs as people on that side tend not to give a shit and in fact there’s a certain amount of admiration for playing quite cute. Rayner on the other hand fucked up and broke the law hence evasion. Whether she did that through deliberate intent or stupidity only she knows, but for someone in her position to make such a basic error couldn’t be brushed aside as naive and her credibility was shot and had to go - and that’s before you even factor in what she supposedly stood for in terms of trust and morality etc.

I do think there’s a double standard in morality expectations when it comes to the Left and Right, however, the tipping points between avoidance and evasion are quite clear despite appearing at times to be quite grey - the greyness is only a debate for yourself and your own conscience and morality imv.

To that end, I think it’s why when we’re all trying to max out on avoidance the primary concern is yourself and not the taxman. No one stops to think or gives a shit about loss or revenue to the exchequer at the point of buying your tax efficient EV or calculating when to tax efficiently take your pension, or getting advice on inheritance tax for example, and the reality is most people, even the critical ones (or even Angela who evidently tried and failed) would end up doing exactly the same sort of thing as Tice in the same circumstances.

Edit: Also agree on point 2.
How do you buy a tax efficient EV? Asking because I would like to do so.
 
How do you buy a tax efficient EV? Asking because I would like to do so.
With the goalposts moving on that one you’d be better off asking an accountant than me, however, the fact you’d like to do so to advantage yourself rather than the Chancellor rather proves the fundamental point.
 
How do you buy a tax efficient EV? Asking because I would like to do so.
Well to my knowledge the purchase price reduces corporation tax more than ICE. Then you pay considerably less BIK with the EV. If you were purchasing it with your own taxed money obviously there’ll be no benefit. But you’d be better off doing the salary sacrifice and getting low BIK that way employer benefits from lower corporation tax and NI.

But yeah, purchasing it yourself, no benefit to my knowledge
 
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With the goalposts moving on that one you’d be better off asking an accountant than me, however, the fact you’d like to do so to advantage yourself rather than the Chancellor rather proves the fundamental point.
I don’t think anyone would argue the self-interest point. However the extent to which the tax avoidance strays away from the intent of the law should be under more scrutiny, imo.

In my view, someone as wealthy as Tice or Farage (or Clarkson with his farm) seeking to avoid tax in artificial ways is morally reprehensible and should be condemned, not respected. Legal or not. They can live without that bit extra, while it would make the world of difference to others.
 
With the goalposts moving on that one you’d be better off asking an accountant than me, however, the fact you’d like to do so to advantage yourself rather than the Chancellor rather proves the fundamental point.
So you can't then. Thanks.
 
Totally agree....but mainly as I manage a scheme and need people to think this way so I can pay my bills.
I just binned our off scheme at work as they were essentially defrauding the government, their net salary figures were almost exactly what the net personal lease would be. I figured, unlike Epsom and his friends, I would be patriotic and pay the tax.
 
I just binned our off scheme at work as they were essentially defrauding the government, their net salary figures were almost exactly what the net personal lease would be. I figured, unlike Epsom and his friends, I would be patriotic and pay the tax.
Who runs that scheme?

Not doing a Jinky and touting for business btw...
 
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