HMRC says it is taking 'firm action' on tax avoidance

[dipsydoodle]

HM Revenue and Customs has said it is taking "firm action to protect the Exchequer from unacceptable tax loss".

The promise came after reports that comedian Jimmy Carr and members of the band Take That were among wealthy individuals using legal but aggressive tax avoidance schemes.

One scheme, K2, is said to be shielding £168 million a year from the taxman.

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More than 1,000 people, including Carr, are thought to be using the Jersey-based K2 scheme.

http://www.bbc.co.uk/news/uk-politics-18521468

[fedsron2us]

1. Surely describing Jimmy Carr as a 'comedian' must be an offence under the Trades Description Act

BTW a interest free loan is at the very least a taxable benefit in kind even when Kosher.

[dipsydoodle]

2. The interest free loan scam

with Channel Islands a/cs was running back in the '70s. Seemingly takes a long time to close loopholes regardless of who's in power.

[T_i_B]

3. +1

Last edited Thu Jun 21, 2012, 07:03 AM - Edit history (1)

Jimmy Carr is vastly over-rated as a comedian.

I do however wonder why all the focus is on Jimmy Carr rather then the likes of Gary Barlow or Sir Phillip Green.

[dipsydoodle]

4. Comedian Jimmy Carr: I've made terrible error over tax

Comedian Jimmy Carr says he has "made a terrible error of judgement" over using a tax avoidance scheme.

In a statement on his Twitter account, Mr Carr said he was no longer involved in the K2 tax shelter.

Prime Minister David Cameron on Wednesday called Mr Carr's use of the scheme "morally wrong".

http://www.bbc.co.uk/news/uk-politics-18531008

[loli phabay]

5. reply

rangers now liquidated probuably said the same thing about an error of judgement. Didnt help them in the long run