SARS CoV-2 coronavirus / Covid-19 (No tin foil hat silliness please)

iammemphis said:
I know lives are being ruined but everyone on Twitter complaining they’re not getting money because they’ve been tax avoiding for the past few years via dividend payments instead of taking a wage. Hopefully they have some good savings behind them.
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Are people really on twitter, posting under their real names, admitting they've been cheating the tax system?!
 
duffer said:
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.
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F-Red said:
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.
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Fingeredmouse said:
Early detection and tracing those in contact allows for targeted control of disease spread.
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That makes a lot of sense, I was thinking about early medication for the victim and not spreading it. Cheers
 
Rado_N said:
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.
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It's actually harder to do than people think.

Sure cash in hand and all that, but as a proper business it's really not easy unless you go looking for it and have the money in the first place to be more 'creative'.


And I appreciate the offer my friend, I'll keep in in mind. I genuinely don't know where I stand right now (hence getting a little more wound up about ignorance on here than usual!), so a mortgage is out of the question until the dust settles. But I honestly do appreciate it
 
Rado_N said:
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.
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Sure, they don't start up their businesses to pay less tax. They do choose to register as a Ltd. company rather than as a sole trader to pay less tax, though. That one fundamental decision is made for that singular reason, in many cases.
 
Brwned said:
Sure, they don't start up their businesses to pay less tax. They do choose to register as a Ltd. company rather than as a sole trader to pay less tax, though. That one fundamental decision is made for that singular reason, in many cases.
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Nope. What the “ltd” stands for is a big hint as to the main reason most people do that, as well as the ability to retain reserves with the company for cashflow etc rather than everything being taxed on a “look through” basis such as with an LLP.
 
Brwned said:
Sure, they don't start up their businesses to pay less tax. They do choose to register as a Ltd. company rather than as a sole trader to pay less tax, though. That one fundamental decision is made for that singular reason, in many cases.
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I honestly wish I was a sole Trader. Not an option when I started, but that and being VAT registered (which I want to drop) is a nightmare.

People don't realise the stress of big tax bills 5 times a year is over saving a little bit. Even then, Vat doesn't actually save me feck all, I actually end up paying to be a tax collector :lol:
 
Rado_N said:
Nope. What the “ltd” stands for is a big hint as to the main reason most people do that, as well as the ability to retain reserves with the company for cashflow etc rather than everything being taxed on a “look through” basis such as with an LLP.
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Yes, being able to manage the flow is the biggest reason for me.

People who think it's saving money have never been hit with corperation tax :lol:
 
Redlambs said:
I honestly wish I was a sole Trader. Not an option when I started, but that and being VAT registered (which I want to drop) is a nightmare.

People don't realise the stress of big tax bills 5 times a year is over saving a little bit. Even then, Vat doesn't actually save me feck all, I actually end up paying to be a tax collector :lol:
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PM if you want any advice on your vat issue..
 
Rado_N said:
Nope. What the “ltd” stands for is a big hint as to the main reason most people do that, as well as the ability to retain reserves with the company for cashflow etc rather than everything being taxed on a “look through” basis such as with an LLP.
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Yeah there are business reasons to choose to be an Ltd. Loads of people also do it purely to pay less tax. I'm a freelancer and I know a lot of people in an identical position to me that chose to become an Ltd for that reason. Lots of friends and coworkers that had no other motivation but that. My uncle's a financial adviser who tried to sell me on the idea, and he has hundreds of clients who do it simply for that benefit. It's not just me buying the government line, I do have genuine - if limited - experience of it, as I imagine you do.

Neither of us have the numbers on how many people that applies to, but the idea that paying less tax isn't the sole motivation for many people is just untrue. IR35 was going to effect nearly 200k people who chose that particular path for that reason alone.
 
Brwned said:
Yeah there are business reasons to choose to be an Ltd. Loads of people also do it purely to pay less tax. I'm a freelancer and I know a lot of people in an identical position to me that chose to become an Ltd for that reason. Lots of friends and coworkers that had no other motivation but that. My uncle's a financial adviser who tried to sell me on the idea, and he has hundreds of clients who do it simply for that benefit. It's not just me buying the government line, I do have genuine - if limited - experience of it, as I imagine you do.

Neither of us have the numbers on how many people that applies to, but the idea that paying less tax isn't the sole motivation for many people is just untrue. IR35 was going to effect nearly 200k people who chose that particular path for that reason alone.
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Sure there’s always going to be a few cases as with everything but the general point which started this discussion is that people unreasonably tar all company director/shareholders with the same brush.

As for IR35 that’s just classic HMRC using an apache to swat a fly and catching enormous amounts of collateral damage.
 
Yeah, let's feck over people because a few like to dodge tax.

Oh and whilst we are at it, let's loan millions to the big boys (many of whom conveniently donate to us) who love to dodge tax and actually make a difference to the tax income.


"Oh I know someone who dodges tax! *applause*applause*
 
It's a nice sentiment from the public, but as my other half told me as she looked out into the street most NHS staff would just prefer their service to be properly funded & PPE equipment ready for them to do their job.
 
Redlambs said:
Yeah, let's feck over people because a few like to dodge tax.

Oh and whilst we are at it, let's loan millions to the big boys (many of whom conveniently donate to us) who love to dodge tax and actually make a difference to the tax income.


"Oh I know someone who dodges tax! *applause*applause*
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Look mate, you've sold Caftards to eighty different countries. You drive around in a custom Lambo quad bike and yet you only declared £15,999 on your self assessment. We're onto you.
 
F-Red said:
It's a nice sentiment from the public, but as my other half told me as she looked out into the street most NHS staff would just prefer their service to be properly funded & PPE equipment ready for them to do their job.
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That's what I would have thought.

Some of the bars around me have been lighting up with blue light to show 'solidarity' with NHS workers. What does that actually achieve? It's the real world equivalent of FB likes.
 
Kind of regret setting fire to that guys shed for making so much noise now.
 
BeforeKeanetherewasRobson said:
Just watching some of Trumps press conference and note that Pence stands really close to him.... there are people in the Amazon forest who know about the 2 metre rule?!!

Imagine if one of them caught it and gave it to the other one... the President and Vice President could both die.

Just imagine.....
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President Pelosi :nervous:
 
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