BRFR Cake Stop 'breaking news' miscellany

[Pblakeney]

I don't think that David Frost likes the 21st century one little bit. Or foreigners. Well, I don't know what he does like really, other than rose-tinted nostalgia.

https://www.telegraph.co.uk/gift/d763c5def90a0ae5

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Is he aware that 30 years ago was 1995, not 1955?
In 1995 we were still recovering from Black Wednesday and things were so bad that Tony Blair got elected soon after.

 

[secretsqirrel]

Is he aware that 30 years ago was 1995, not 1955?
In 1995 we were still recovering from Black Wednesday and things were so bad that Tony Blair got elected soon after.

Cool Britannia seems to have passed him by.
Poor old Frosty.

 

[briantrumpet]

I started reading that but ‘Land of hope and glory’ started playing in my head and it got louder and louder until I started to feel a bit queasy.

I’m ok now.

Perhaps he pines for the days of the Black & White Minstrel Show.

 

[briantrumpet]

Apologies @PurplePenguin, but I found Dan Neidle's opinion on why most unpaid corporation tax is owed by small businesses and gets little attention interesting.

 

[Pblakeney]

Apologies @PurplePenguin, but I found Dan Neidle's opinion on why most unpaid corporation tax is owed by small businesses and gets little attention interesting.

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As someone who had a small company and did game the system back in the heyday I can say with some certainty that those days are long gone. The ways and means of gaming the system have been eroded year on year.

 

[briantrumpet]

As someone who had a small company and did game the system back in the heyday I can say with some certainty that those days are long gone. The ways and means of gaming the system have been eroded year on year.

I don't think this is so much 'gaming the system' but just not paying, with the not-unfounded guess that they won't be chased.

 

[Stevo 666]

I don't think this is so much 'gaming the system' but just not paying, with the not-unfounded guess that they won't be chased.

On what basis you say that?

 

[briantrumpet]

On what basis you say that?

Or maybe they need a tax expert to get their processes functional.

https://www.ft.com/content/52abc545-338c-4519-bb4b-c29ab2dd6910

Although the overall “tax gap” between the amounts due and collected reduced in the year, the amount of corporation tax owed but not paid by smaller companies rose from £12.3bn to £14.7bn, figures published by HMRC on Thursday showed.

 

[Pblakeney]

I don't think this is so much 'gaming the system' but just not paying, with the not-unfounded guess that they won't be chased.

Ah! Therein lies the difference between avoidance and evasion.

 

[briantrumpet]

Ah! Therein lies the difference between avoidance and evasion.

I think you mean "minimising the tax burden". Apparently there are people who do that for a living.

 

[briantrumpet]

Incidentally, Happy 100-page Birthday to this thread.

 

[Pblakeney]

I think you mean "minimising the tax burden". Apparently there are people who do that for a living.

Same thing, just better PR speak.
Accountants are generally lazy in my experience. I found cycling related exclusions on the HMRC website that my accountant/s were unaware of.

 

[icowden]

Accountants are generally lazy in my experience. I found cycling related exclusions on the HMRC website that my accountant/s were unaware of.

I always thought that the media were a little unfair on Jimmy Carr. He's a prime example of how these things work. If you have a lot of money you employ a good accountant with the expectation that they minimise the amount of your money you have to pay in tax. Most people in that position don't ask *what* the accountant is doing, or have any interest, knowledge or skill to know whether what they are doing is a little dodgy. Then the media blame the person employing the accountant to do accountancy.

 

[Stevo 666]

Or maybe they need a tax expert to get their processes functional.

https://www.ft.com/content/52abc545-338c-4519-bb4b-c29ab2dd6910

The fact that small businesses are the largest source of the tax gap is correct - I look at the annual figures. Which doesn't really fit the leftie narrative about big bad multinationals and the evil rich.

However simply 'not paying' is over simplistic. The largest single reason is failure to take reasonable care, followed by errors.

 

[bobzmyunkle]

Which doesn't really fit the leftie narrative about big bad multinationals and the evil rich.

Maybe the narrative is a bit more complex and nuanced than the one playing in your head.