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Old 5th December 2013, 17:55   #1 (permalink)
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Nail the tax dodgers.

BBC News - Autumn Statement: Bid to recoup £9bn in unpaid tax



If the Government follow this policy up,(and I certainly hope that they do) then hopefully they can catch all those who have been dodging tax payments, whether through avoidance or evasion. Most of us have the tax taken from us before we even see our money. So there is no chance to avoid or evade. The big problem is, this is a lucrative business for crafty accountants.

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Old 5th December 2013, 18:30   #2 (permalink)
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Re: Nail the tax dodgers.

Quote:
then hopefully they can catch all those who have been dodging tax payments, whether through avoidance or evasion. Most of us have the tax taken from us before we even see our money. So there is no chance to avoid or evade.
Indeed, and all those that have a Turkish bank account, sell or rent a property in Turkey are most likely to be guilty of tax evasion and not difficult to prove.
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Old 5th December 2013, 19:04   #3 (permalink)
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Re: Nail the tax dodgers.

Quote:
Originally Posted by juco View Post
Indeed, and all those that have a Turkish bank account, sell or rent a property in Turkey are most likely to be guilty of tax evasion and not difficult to prove.
But don`t you pay tax in Turkey ?
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Old 5th December 2013, 19:17   #4 (permalink)
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Re: Nail the tax dodgers.

Bank interest is taxed at source in Turkey same as in UK.
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Old 5th December 2013, 19:31   #5 (permalink)
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Re: Nail the tax dodgers.

It is taxed at source but should be declared in the UK. My understanding is that if the tax taken in Turkey is less than would have been paid in the Uk, then the UK will take the remaining bit for themselves. They will not tax twice on the same bit of money because of the double tax agreement with Turkey. Unless someone knows different?
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Old 5th December 2013, 19:44   #6 (permalink)
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Re: Nail the tax dodgers.

Quote:
But don`t you pay tax in Turkey ?
Yes indeed but you are a UK tax payer and as such you are legally bound to declare this to the UK tax authorities, they will decide if you still owe based on the difference as Teresa has pointed out.

To not do this is classed as tax evasion and ignorance is no defence.
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Old 5th December 2013, 19:49   #7 (permalink)
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Re: Nail the tax dodgers.

It's a bit late to chase the tax thief Thatcher unless they do it retrospectively which I believe they should.

Has Gideon given up his off shore trust in the BVI where his dividends from Daddies business were paid I wonder.

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Old 5th December 2013, 20:22   #8 (permalink)
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Re: Nail the tax dodgers.

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Originally Posted by juco View Post
Yes indeed but you are a UK tax payer and as such you are legally bound to declare this to the UK tax authorities, they will decide if you still owe based on the difference as Teresa has pointed out.

To not do this is classed as tax evasion and ignorance is no defence.
What, if you live in Turkey ?
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Old 5th December 2013, 20:52   #9 (permalink)
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Re: Nail the tax dodgers.

You could still be classed as UK domiciled.
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Old 5th December 2013, 20:56   #10 (permalink)
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Re: Nail the tax dodgers.

Quote:
Originally Posted by yalimart View Post
It's a bit late to chase the tax thief Thatcher unless they do it retrospectively which I believe they should.

Has Gideon given up his off shore trust in the BVI where his dividends from Daddies busines were paid I wonder.

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