The Mudcat Café TM
Thread #130345   Message #2934442
Posted By: Bonzo3legs
25-Jun-10 - 05:19 AM
Thread Name: BS: A well balanced fair budget! (UK)
Subject: RE: BS: A well balanced fair budget!
Richard Bridge is spitting hate now - just listen to yourself - I laugh, I laugh!!!

Do you remember the old saying "I'm alright Jack"? Of course to many now it would be [Oim awigh'].

Now, If I had decided to set up a company, I would have drawn a salary up to the National Insurance Threshold - and therefore tax free, and paid myself a dividend such that my total income falls below the amount at which Higher Rate Tax starts - and therefore also tax free.

That is not tax avoidance, it is merely applying the tax legislation which your beloved labour government saw fit not to repeal. And that is used by some of the poorest oiks we have as clients - and believe me it is one hell of a balancing act when considering child tax sodding credits as well!!!!!