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On Mon, Aug 05, 2013 at 08:53:21AM +0100, Neil Winchurst wrote:
Many years ago when I was self employed my accountant chappy said to me that tax evasion was illegal, don't do it, but tax avoidance on the other hand was sensible.I hope all members of this list have ISA's, and pensions. Both reduce your tax.By this he meant don't forget to claim everything that you are entitled to, so don't pay tax if you don't need to.Nowadays the whole attitude seems to have changed, and tax avoidance is now frowned upon. I'm pleased to be retired now.
Its when you push the boundaries you can get problems It is worthwhile repeating HMRC words http://www.hmrc.gov.uk/avoidance/vision-strategy.htm http://www.hmrc.gov.uk/avoidance/aag-risk-assessing.htm http://www.hmrc.gov.uk/avoidance/spotlights.htm Followed up by the newly introduced General Anti Avoidance rule http://www.hmrc.gov.uk/avoidance/gaar.htmIf you have questions: please speak to your accountant / solicitors financial adviser
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