A while ago I suggested two groups of tax evaders that HMRC should pay attention to. They were private tutors and users of e-bay.
People laughed at me.
Now they're the subject to HMRC official action.
Take note.
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Football clubs are another. HMRC are at the bottom of their list of creditors to be paid.
But the HMRC will not dare pursue any ebayers or private tutors providing they resort to the expedient of constructing tax avoidance vehicles on the Isle of Man (Jersey and Guernsey).
Once someone does this they become exempt from HMRC investigation.
People selling their rubbish at car-boot-sales hide their measly “profits” “offshore” in complex investment trusts that are impossible to trace.
Surely everyone knows this?
Really! Tutors and eBayer’s using tax havens?
Elucidate please
e-bay traders and private tutors can have a “nice little(tax free) earner” going I know – but enough to set up a secret trust offshore?! Maybe this type of fraud is bigger than I think! But “measly profits” would seem to make it hardly worth while!
I think there was some exaggeration there -but such sums do undoubtedly on occasion go offshore
It’s easy from some internet trading
Oh dear; the PSG attempt at the lowest form of wit seems to have rather failed!
Zaccheus: The intention was to illustrate that providing a person transferred his/her wealth (no matter how small) to a “financial vehicle” based in an offshore secrecy jurisdiction then it would be free from investigation by the HMRC.
These jurisdictions are used by large companies, government fat-cats (and their friends) and any investigation into the devices and artifices developed by smart lawyers, accountants and bankers to evade/avoid tax due would not be welcome. This is not a joke.
But suggesting that a person would use the Isle of Man, Jersey or Guernsey to fiddle £10 a year from HMRC is!
Will stick to irony in future.
Some of those running a trading business on e-bay are worth investigating but private tutors? Some of them don’t even charge their friends’ kids.
Of course EVERYONE should pay every penny they owe in tax.
Without this our (and every other) country would disintegrate.
This concept has never been questioned on this blog.
What is questioned is why large companies and wealthy/individuals get away with avoiding/evading tax via complicated investment “innovations” constructed by the banking, legal and accounting professions in offshore jurisdictions such as Jersey, the Isle of Man and Guernsey.
And yes accumulatively the thousands of girls who serve behind the bar at the (metaphorical) Red Lion and the (metaphorical) chaps who sell CDs on eBay all without filing a tax return do cost the Exchequer a considerable sum every year and should be prosecuted.
But the real money is “processed” offshore by a relative few companies and individuals hiding behind complicated tax structures. This is all done with the tacit support of the UK government, simply because it involves their “mates”.