Its cheaper tax for the director/employee but the company pays more corporation tax with a dividend compared to salary.
The overall difference to hmrc isn't that much.
SARS CoV-2 coronavirus / Covid-19 (No tin foil hat silliness please)
- Thread starter Don't Kill Bill
- Start date
The overall difference to hmrc isn't that much.
They’ll pay lower rates of tax but it’s not tax avoidance which generally refers to contrived arrangements with the sole intention of sheltering income from tax.
Company shareholders receive dividends based on the performance of the company they own. It’s a perfectly reasonable setup and implying they’re doing something wrong is unfair.
Yea hes caught badly. All he can do is universal credit, 95 per week.
At the minute anyway
This. My revenue is so lumpy that I keep ongoing costs at a minimum.
More to the point, what happens if consent isn't given? Are the public just not told about those deaths?
That's different to people with ltd companies paying dividends.
But people of course do all those things, but even with them, there's still negatives and not much difference overall. And his comment about "bringing things more into line" is more Tory shite about to shaft people, and yet those who have no clue seem to think it's actually a good thing like it will benefit them in any way!
Strange that they need consent if they've giving literally no info other than "1 more person died".
Nearly 8k tested
@Dancfc, when someone dies here in Italy (in normal times), the body rests for one night at home and then the funeral is within one or two days of the death. Everyone visits the house and pays their respects the day before the funeral. Most people are interred in niches in big walls in the cemeteries, cremation is not the most popular way of dealing with a body by any means.
Now with the virus victims, the bodies can't go home, so the funeral directors have to deal with it. The cemeteries are full, the funeral directors have to take special measures to avoid infection. There aren't refrigeration facilities in most funeral directors because bodies are normally buried very quickly. there aren't many crematoria so bodies are having to be transported out of the area where they died..
The funeral director will be geared-up to handle the number of deaths they'd normally get at any particular time of year. They're still getting those, but now they're also getting all the virus victims too. It's easy to see why they're completely overwhelmed.
Now with the virus victims, the bodies can't go home, so the funeral directors have to deal with it. The cemeteries are full, the funeral directors have to take special measures to avoid infection. There aren't refrigeration facilities in most funeral directors because bodies are normally buried very quickly. there aren't many crematoria so bodies are having to be transported out of the area where they died..
The funeral director will be geared-up to handle the number of deaths they'd normally get at any particular time of year. They're still getting those, but now they're also getting all the virus victims too. It's easy to see why they're completely overwhelmed.
I don't blame people for not knowing, but the reactions based on the ignorance...well...
(obviously not aimed at you @duffer )
Peru.
Extension of lockdown, quarantine and curfew until 12th April.
Extension of lockdown, quarantine and curfew until 12th April.
Exactly. And I get nice fat tax bills 5 times a year.
But hey, it's all rosy and now we'll get what we deserve for all these years of raking it in and hiding our cash under our mattresses!
Surreal seeing Belfast in particular so empty
I'll happily admit to being ignorant but certainly have not thrown any stones!
People think tax-dodgers are getting bitten in the arse and are gloating. I'm not much of a gloater about this sort of thing, bit too serious.
Question is: how reliable are they? I mean if a ventilator fails....
But I guess they are good enough for some countries that are in dire need.
France +24h
Cases: 29155 (3375 critical condition) +3922
Deaths:1696 +365
A 16 year old is one of those who has died.
A military hospital has been built in the past few days and I believe is operational in Mulhouse (the East) due to the overflow of patients in their hospital and a train transferred 20 patients from Strasbourg to the pays de la loire region (the region including cities such as Nantes and Angers) earlier today to reduce the workload in Strausbourg.
Cases: 29155 (3375 critical condition) +3922
Deaths:1696 +365
A 16 year old is one of those who has died.
A military hospital has been built in the past few days and I believe is operational in Mulhouse (the East) due to the overflow of patients in their hospital and a train transferred 20 patients from Strasbourg to the pays de la loire region (the region including cities such as Nantes and Angers) earlier today to reduce the workload in Strausbourg.
Yeah, those kinds of forms freak me out. I totally understand the impulse to turn them into a rather smart jacket instead.
I know you haven't, those are fair questions mate
But this is the thing though, it's not the tax dodgers who ultimately suffer. And people need to remember they are siding with a Tory government on these things right now. If you want to look at being bitten in the arse, let's wait and see the outcome here...
People seem to forget how things were done in WWII.
Many manufactures at that time changed their production to weapons of war including General Motors, IBM and Inglis, This was done quickly and effectively. It actually doesn't take a lot for them to reset and being producing something else.
Oh and if I could pay myself a better regular wage, I 100% would.
Try getting loans or mortgages as a Ltd director whilst doing doing everything above board.
Try getting loans or mortgages as a Ltd director whilst doing doing everything above board.
According to the Department of Health and Social Care, these are only the results from 9am yesterday until 5pm yesterday, not the results from today. Very bad day yesterday
I had a gut feel that yesterday's numbers were low for a reason, and given the timing of this information. I expect Boris to announce some further measures on Friday to ensure that the weekend public aren't all out & about at the same time. What we're seeing could be an impact of last weekend's lack of social distancing.
Yea they actually ignore dividends dont they?
Its a problem as an accountant. Most just want the cheapest way which is small salary and dividend top up, but that causes its own problem.
Doing nothing wrong in my eyes. They are social distancing. People walking their dogs in the countryside is not spreading the virus. It's spreading rapidly in London because thats where there is the most concentration of people especially on public transport.
I can refer you to an excellent mortgage broker if you need mate, drop me a PM.
So how are Germany managing to test so many yet we struggle to even test 10k a day?
The people who do it with the primary motivation of paying less tax - as opposed to business operations reasons like @Redlambs - should receive fewer benefits from the government. That seems fair enough, right?
vorsprung durch technik?
Contagion on ITV 2 tonight 9pm if you want cheering up.
Its not testing by choice. Struggling to imagine what the rationale would be especially by not testing healthcare staff
Them not giving a timeline for the 3.5 million tests for antibodies is bizarre too. I get that it will need to be trialled first, but they've mentioned it being a priority without mentioning the timescale. Utterly bizarre and reckless, people who are immunocompromised and who are vulnerable are being given this thing to them due to the dithering.
Fewer shitheads among the general population is more likely.
I doubt many people get into running their own businesses with tax as their sole motivation. People need to stop pretending that these things are simple and black/white.
Dumb question: why is early detection helping to keep the death rate low? Seeing as there's no vaccine yet, is there a certain medicine people with the virus are given to slow its spread in the body?
If it's detected early, those people can be isolated and not spread it to others. The fewer people who have it, the fewer people will die.
Just say: thank you, Boris
All of the figures have varying degrees of testing at different stages. Germany is testing plenty, finding mild symptoms of the disease, those people recovering and therefore lower death rate. Compare it to the UK that is testing is only happening for those which need medical assistance, which in some cases lends itself to a more serious outcome in terms of the death rate.
Early detection and tracing those in contact allows for targeted control of disease spread.
Even if thay was fair, which it is, this isn't it.
It's exactly the same as the fecking benefits system being much harder for genuine people to recieve help nowadays all so the Tories can make it that way under the banner that some screw the system so feck everyone.
Yet funny how that people can act all high and mighty about, but this is just desserts.
And through it all, as always, the real cheats who actually make a tax difference are the ones this won't affect. We never learn, ever.
Here are things to consider regarding the Oxford study I mentioned:
https://www.wired.co.uk/article/coronavirus-infections-oxford-study-immunity
Seems to be some confusion over this now - which was first reported by Newsnight.
PHE have since said this isn’t the case.