tag:blogger.com,1999:blog-1930103.post4951815389725021258..comments2024-03-18T11:43:53.754+00:00Comments on No Rock And Roll Fun: Gordon in the morning: Tax it like RupertSimon Hayes Budgenhttp://www.blogger.com/profile/07084524317888577404noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1930103.post-50362910285074909102013-05-31T07:13:29.237+00:002013-05-31T07:13:29.237+00:00If you hold half a million pounds in a business ac...If you hold half a million pounds in a business account for ten years, what tax do you pay on the interest?<br /><br />If you hold half a million pounds in a personal account for ten years, what tax do you pay on the interest?<br /><br />Clue: one will be taxed at 20% and one would be taxed at 45%.Simon Hayes Budgenhttps://www.blogger.com/profile/07084524317888577404noreply@blogger.comtag:blogger.com,1999:blog-1930103.post-52643952113401317812013-05-28T07:55:21.040+00:002013-05-28T07:55:21.040+00:00I don't see anything in the story which sugges...I don't see anything in the story which suggests she's avoiding paying her fair share of tax. If the profit stays in her company because she doesn't pay it to herself, the company pays corporation tax on the profit. When she decides to pay herself whatever reserves the company has, she pays the income tax on it. Unless she enters into a tax avoidance scheme, and there's no suggestion she is, she will end up paying the right amount of tax in the long run whether she had a company or not.Eddie Chttps://www.blogger.com/profile/11399303581010407881noreply@blogger.comtag:blogger.com,1999:blog-1930103.post-57985023078177790052013-05-27T09:54:34.725+00:002013-05-27T09:54:34.725+00:00Maybe they're just lengths, then? I suppose if...Maybe they're just lengths, then? I suppose if you can afford to pay for an accountant, and set the costs of the accountant against tax, then it's not so extraordinary. Maybe 'disappointing' was the word I was thinking of.Simon Hayes Budgenhttps://www.blogger.com/profile/07084524317888577404noreply@blogger.comtag:blogger.com,1999:blog-1930103.post-40508744109461397702013-05-27T09:24:54.067+00:002013-05-27T09:24:54.067+00:00Does setting up a company and having it pay for yo...Does setting up a company and having it pay for your bodyguard really qualify as "extraordinary lengths"? <br />Wouldn't you at least need some off-shore accounts and some dodgy investments?Anonymousnoreply@blogger.com