As loyal readers know, HMRC and the government continue to press ahead with changes to IR35 (relating to loan charges) which amount to a retrospective tax grab going back twenty years.
Mel Stride (Financial Secretary to The Treasury) is quite gung-ho in his support for the retrospective tax grab.
Given Stride's support for this measure, indeed he has opined that tax avoidance is wrong (note it is not illegal), I would have thought that he would be squeaky clean himself.
"if some time ago, you entered into one of these disguised remuneration schemes, where you're basically avoiding tax, there is no reason why we shouldn't collect that money."
However, he isn't squeaky clean at all!
So @MelJStride you are Financial Secretary to the Treasury? You deal with Tax (and more importantly avoidance). Your company has links to Amazon which paid £4.5M in corporation tax on £1.5B (yes.....billion) on record profits on its most recent quarter🤔 we’re coming pal👊👊— BlueDazza (@blue_dazza) September 30, 2018
My advice to politicians is as follows, if you intend to start lecturing us on the morality or otherwise of tax matters you need to have clean hands and be seen to have clean hands yourselves!
Tax does have to be taxing.
Professional Cover Against the Threat of Costly TAX and VAT Investigations
Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.
Ken Frost has negotiated a 10% discount on any polices that may suit your needs.
However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.
What is Solar Tax Investigation Insurance?
Solar Tax Investigation Insurance is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.
To find out more, please use this link Solar Tax Investigation Insurance
HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"