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, 2 replies, latest was 12 years ago)

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)