Brown\’s 0% small co. corporation tax was an avoidance nightmare –
Yes, yes, it was wasn\’t it?
What with Norfolk based accountants setting up limited companies which took the £10,000 tax free profits as dividends, paid themselves minimal salaries as directors so as to gain NI benefits but pay only a minimal amount for them.
Those who actually wanted to pay for the vital services we all receive from government would not have done this. They would have paid the money out as income to the directors, thus incurring both employers\’ and employees\’ national insurance.
But then there are those that talk the talk and those that walk the walk.
There are even those that repent of earlier error. True repentance involving a cheque sent to The Accountant, HM Treasury, 1 Horse Guards Road, London SW1A 2HQ, I would have thought.