Thursday 12 November 2015

Offshore Tax Structures For Everyone ! (?)


Today's 'The Times' (Thursday, 12th November) business section contains an article about a small Welsh town whose businessmen are proposing to copy various e-commerce multinational business and adopt offshore tax planning structures - so to minimise the tax they pay.

http://www.thetimes.co.uk/tto/money/tax/article4611746.ece#commentsStart

I suspect that the U.K.'s taxation authority (HMRC) may be 'surprised' as to how many times I've seen relatively small businesses proposing to structure themselves in precisely such a manner!

For example, I am aware of numerous G.P.s - whom (after having been handed responsibility for their entirely publicly funded budgets) appear to show no embarrassment in terms of seeking to remunerate themselves with minimal responsibility to pay any tax! 

The U.K. Government has really got to 'get a grip' on this issue - as it is simply not fair.

Until then, please feel free to discuss your tax saving issues with me . . .

Regards

@DanRJohnson