Reform Deputy Leader says all British tax payers should do their best to find ways to pay the minimum amount of tax possible

Don’t we all pay only what we legally have to regards tax?

Oreo

Don’t we all pay only what we legally have to regards tax?

No, I always offer extra to help fill that £20 billion black hole! 😁

We all should be paying the amount of tax legally required.

However if every tax payer as Tice suggests actively looks for ways to avoid paying the usual amount of tax and to mimosa tax payable as he has possible ie none that would have consequences. If every company in the UK invests in a REIT scheme to avoid paying corporation tax- to the extent of paying NO corporation tax whatsoever that would also seriously deplete tax coffers and have an impact on those on PAYE schemes.

Interesting to see whether HMRC investigates and if so what is the outcome.

mimosa= minimise

Allira

Oreo

Don’t we all pay only what we legally have to regards tax?

No, I always offer extra to help fill that £20 billion black hole! 😁

You’re one in a million 😂

I intend to set up a Crowdfunding page for people who support this grifter to contribute their own funds, so he doesn't have to pay any tax at all.

You won’t get any takers.
Everyone does what they can legally to avoid paying too much tax.
There’s legal tax avoidance and then there’s illegal tax evasion.
Wealthy people and firms have accountants to find the legal ways to do it.

Oreo

Don’t we all pay only what we legally have to regards tax?

There are some people that arrange their finances by moving their income abroad so they minimise their tax in this country. They then have the benefit of living in this country without having to pay for it.

The Times investigation however claims that TICE did not qualify under the REIT rules and therefore was not acting legally.

Other Newspapers and the BBC are starting to pick this up and reporters are asking TICE questions which is annoying him. E.g. TICE was challenged by one reporter that last year he attacked Angela Rayner for underpaying £40k in stamp duty on a second property scale despite himself not paying £580k+ tax that the Times claims is due as he broke the REIT rules and what is the difference. AR of course said she had received the wrong advice and duly resigned.

Oreo

You won’t get any takers.
Everyone does what they can legally to avoid paying too much tax.
There’s legal tax avoidance and then there’s illegal tax evasion.
Wealthy people and firms have accountants to find the legal ways to do it.

Yes.

Tax avoidance and tax evasion are two different things, one legal and one not.

Of course, the wealthy set up trust funds for their children to avoid tax. We should all have taken lessons from that good left-wing Socialist Tony Benn on how to do it.
(I did like him, despite that btw!).

It's the tax evaders and avoiders who contribute to the deficit that everyone gets so worried about...

And all the 'legal' loopholes have been engineered over the years to benefit the wealthy.

I would remind you, of course, that taxation doesn't fund spending, spending happens before taxation, but I won't bore you with it this time...

Oreo

Don’t we all pay only what we legally have to regards tax?

Of course.

If `Richard Tice, was given wrong advice and this amount of tax is due, then of course he should resign any shadow position

Angela Rayner has remained an MP so in all fairness so should RT.

ISA’s promoted by this and previous governments are a way to not pay tax on interest/profit on one’s savings.

I would remind you, of course, that taxation doesn't fund spending

So offering more to Rachel won't make much difference then?
Phew! I can relax.

GrannyGravy13

ISA’s promoted by this and previous governments are a way to not pay tax on interest/profit on one’s savings.

I did think they might increase ISA limits but no, they have reduced them for under 65s.

I find it disgusting that there are so many legal "creative" ways for wealthy individuals and corporations to avoid paying the taxes that they should. Governments always find a way to increase taxes for middle and low earners while simultaneously cutting benefits for the vulnerable. But Heaven forbid Tice and the likes pay the same percentage of tax that a doctor or a warehouse worker has to!

GrannyGravy13

ISA’s promoted by this and previous governments are a way to not pay tax on interest/profit on one’s savings.

ISA accounts are an easy way for people not wanting to pay taxes on savings to accomplish tax advantaged asset building. REITs can be invested in within an ISA. I'm confused and assume no problem exists.

Allira

GrannyGravy13

ISA’s promoted by this and previous governments are a way to not pay tax on interest/profit on one’s savings.

I did think they might increase ISA limits but no, they have reduced them for under 65s.

I thought they had only decreased cash ISA’s for the under 65’s in order to encourage investment in stocks and shares ISA’s which remains at £20,000.

GrannyGravy13

Allira

GrannyGravy13

ISA’s promoted by this and previous governments are a way to not pay tax on interest/profit on one’s savings.

I did think they might increase ISA limits but no, they have reduced them for under 65s.

I thought they had only decreased cash ISA’s for the under 65’s in order to encourage investment in stocks and shares ISA’s which remains at £20,000.

I believe you're correct.

Why it was deemed necessary is unclear.

Most of us boring old PAYE average income only peeps have little choice than to pay our correct and legal taxes.

I’m beside my self with rage as to why ANYONE would think it’s ok not to pay ALL our correct and legal taxes.

How can you expect any public services, education, NHS etc etc without contributing.

These Reform MPs and members are nothing but a bunch of absolute grifters and con artists, why would anyone listen to them!

keepingquiet

I intend to set up a Crowdfunding page for people who support this grifter to contribute their own funds, so he doesn't have to pay any tax at all.

😜😜 Please do, I’m sure many will pay into it, but not me, no thank you

Apple3pie

I find it disgusting that there are so many legal "creative" ways for wealthy individuals and corporations to avoid paying the taxes that they should. Governments always find a way to increase taxes for middle and low earners while simultaneously cutting benefits for the vulnerable. But Heaven forbid Tice and the likes pay the same percentage of tax that a doctor or a warehouse worker has to!

👏👏👏👏👏

Apple3pie- 👏👏👏- to pay none over a period of several years takes the biscuit. Morally wrong even if yet to be found proved illegal by HMRC.