how UK rich guy survive?

[islandman1010]

tax.service.gov.uk site doesn't seem to agree with you.

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@islandman1010

Seems you didnt use it properly. We can argue all day if you want to but as you don't live here and don't know the system it will be a wasted day. So I am out.

 

[GringoMonkey]

Did you know the uk introduced income tax in 1799 to raise cash to fight napoleon. It was never supposed to be permanent and in fact is actually a temporay tax that expires each april. But the buggers keep renewing it for 219 years!

 

[jazzc]

Seems you didnt use it properly. We can argue all day if you want to but as you don't live here and don't know the system it will be a wasted day. So I am out.

Of course I used it properly. You go ahead and try it, here's the details:



Also, being physically in a location does not grant you some magical knowledge about laws that others are excluded from. And since we're on the internet era and the government has those kinds of things online and they even provide a calculator, I'd say that's a really bad excuse.

 

[jazzc]

Did you know the uk introduced income tax in 1799 to raise cash to fight napoleon. It was never supposed to be permanent and in fact is actually a temporay tax that expires each april. But the buggers keep renewing it for 219 years!

Napoleon still rules the continent, doesn't he?

 

[GringoMonkey]

Napoleon still rules the continent, doesn't he?

The leaders change from time to time but I think you will find that is angela merkel at the moment

 

[ExperimentalSEO]

Health care isn't bad at all in the United States, if you aren't a moron you will get insurance as part of your benefits package from a job.

 

[iulipwnz]

3% from sales in Romania (only for the first 3 years, and then 24%), also if u hire 2 people u only pay 1%.. (or 24% from the start if u want to)

 

[justbrowsing1]

You don't understand the idea of estonian companies - you pay only taxes after PERSONAL CONSUMPTION. So you can buy real estate, art, vine, gold and just keep it for future benfits. Also you can rent such flat to yourself as company office abroad or just brutaly tell it is company office

No you definitely can't lol, it has to be a business expense. If I have an Estonian business selling IM services and I'll start spending $1000s on some paintings then I'll be in big trouble if I ever get a tax inspection. Like I said, you can do what you like with your company expenses but when/if you get an inspection you'll soon find out your accountant is talking nonsense.
If you're paying $3000 for an apartment in London with only you 'working there' and try to claim all of it as a business expensive then the tax inspectors will laugh their heads off.
Just found this from an Estonian accountant, you can't even claim furniture for your office as an expense:

Which costs am I not allowed to claim as business expenses?

• Purchase of food and drinks for personal use
• Purchase of furniture for your office
• Purchase of clothes
• Purchase of fuel for your personal car for everyday use
• Business lunches (technically, you can add them as business expenses, but fringe benefit tax applies - approximately 70%).
• Rent of your house or apartment
• Buying, renting or maintaining a property (office etc) in a different country
• Costs of holidays
• Costs of your family/friends
• Costs of personal health care, insurance etc
• Withdrawal of cash for personal use
• Vehicles registered in a different country
• Per diems (daily allowances) to you and your staff when in a different country

 

[andyframpton]

In the UK you can stretch the wording of the law.... but only so far.
You can claim some of your rent as work premises.
You can claim money for clothes if you need special work clothes.
You can claim some money back for entertainment.
You can claim your Holiday back as work research.
Your magazine subscription as research.
Lots of things like this you can do. Just depends on how far you want to push the tax man and if it's too far and you get caught out get ready to pay.