It's all above board
just leave it
( Light In Chains maker of the ikea sofa, Thu 21 Jun 2012, 8:18, 1 reply, 12 years ago)

Is it, the guy gets paid as a loan from his company.
At what point does that feel like paying income tax?
( Bartleby A dead man on vacation, Thu 21 Jun 2012, 8:21, Reply)

That's what I don't understand.
The company claim it is all legal and that HMRC are aware of it, but surely it must require investigating. How can a loan that you are never required to pay back be legally considered a loan?

If it is legal, then frankly the villain here is the government not shutting it down, rather than Jimmy Carr for taking advantage. That said, it's still morally repugnant, just legally morally repugnant.

(Yes, my view have moved on since this was discussed on Tuesday, when I read some more and realised both the extent and workings of it).
( scarpe We Stole Bikes, Thu 21 Jun 2012, 8:27, Reply)

Have you any idea of the complexity of the UK tax rules? Which have doubled since Brown was at the Treasury.
The 'loan' can be recalled at any point, and is therefore a 'loan' as far as the current tax rules are concerned.
( Light In Chains maker of the ikea sofa, Thu 21 Jun 2012, 8:32, Reply)

No, I don't.
I'm going on what the company itself said in it's defence. And if that's the best they can come up with, it's pretty shoddy.

That said,I did say it needs investigating, I didn't say it was true. And I did say it's the goverment's fault for allowing it. If it was caused by Brown's changing of the tax rules in the first place then it's just another thing that is his fault too. But he can't change it now, the current treasury can.

And regardless of complexity, it's morally disgusting to earn £3 million in a year and pay 1% tax. No matter who is at fault.

Still wuvs ya, Roarster.
( scarpe We Stole Bikes, Thu 21 Jun 2012, 8:42, Reply)

I'm going to pretend to be disgusted too
I read the Guardian earlier. I must be coming over all queer
( Light In Chains maker of the ikea sofa, Thu 21 Jun 2012, 8:47, Reply)

Ha.
I am disgusted. Not pretending. I'm just not disgusted enough to do anything about it other than moan on a retarded internet board.

I'll probably boycott his next DVD and Live Tour. But I've boycotted all his DVDs and Live Tours up to this point anyway on the basis that even when some of his jokes are funny when you see them written down, when I see them coming out of that smarmy, smug, self satisfied piggy eyed serial killer looking face, I want to put hard objects through my TV screen.
( scarpe We Stole Bikes, Thu 21 Jun 2012, 8:50, Reply)

And now, thanks to starting my day thinking about Jimmy Carr
I appear to have the tune to 'Pretty Little Angel Eyes' stuck in my head, but with the words 'Piggy Little Rapist' instead.
( scarpe We Stole Bikes, Thu 21 Jun 2012, 8:53, Reply)

I can't wait till all Cameron's cronies are outed at tax dodging cunts.

( girlinthehole, Thu 21 Jun 2012, 8:28, Reply)

I hope this too.

( Bartleby A dead man on vacation, Thu 21 Jun 2012, 8:33, Reply)

At the point he uses up his income tax allowances and banding having been notionally 'paid' the nmw
chillax, he paid vat on that 150k bentley of his AND provided employment to hard working brits at the assembly plant
( Light In Chains maker of the ikea sofa, Thu 21 Jun 2012, 8:29, Reply)

tax dodges are the fault of lawmakers.
Nobody volunteers to pay tax, we are legally obliged to do so. It wouldn't actually cost that much for HMRC to find all the loopholes, report to the Government and have them legislate to close them.

It's like putting in place a sensible drugs policy though- politically unpalatable and won't happen.
(dozers, do fuck off ur a nob m8, Thu 21 Jun 2012, 8:34, Reply)

Where there are rules, there are always loopholes to exploit
the UK has one of the most sophisticated taxation systems in the world, the code book alone runs to eleven and a half thousand pages
( Light In Chains maker of the ikea sofa, Thu 21 Jun 2012, 8:37, Reply)

I know this.
But Srsly, the Gov could do more about these legal scams.
(dozers, do fuck off ur a nob m8, Thu 21 Jun 2012, 8:39, Reply)

I'm not that bothered IIH
But, I doubt if Jimmy Carr as a private individual paid for the car, Jimmy Carr Ltd, probably did.

This is how I bought a car when I had a company.
( Bartleby A dead man on vacation, Thu 21 Jun 2012, 8:35, Reply)

and yet he derives the sole benefit of it, and does really 'own' it by holding 100% of the shareholding in JC Ltd
it's a nice Jolly wheeze that he get 100% writedown on it after four years
( Light In Chains maker of the ikea sofa, Thu 21 Jun 2012, 8:39, Reply)