Could be worth watching, Jimmy Carr might face select committee - HotUKDeals
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Could be worth watching, Jimmy Carr might face select committee

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Jimmy Carr has found his tax affairs under scrutiny once again after he was named among investors in a tax avoidance scheme that cost the taxpayer £52 million. The comedian, who admitted in 2012 to… Read More
davewave Avatar
7m, 6d agoPosted 7 months, 6 days ago
Jimmy Carr has found his tax affairs under scrutiny once again after he was named among investors in a tax avoidance scheme that cost the taxpayer £52 million.

The comedian, who admitted in 2012 to making a "terrible error of judgement" over his involvement in another tax avoidance scheme, will now face a demand for repayment of tax relief given to him after he put money into an enterprise zone.

The entirely legal tax incentive scheme was scrapped in 2011 after investors had committed to it.

Carr and the England striker Wayne Rooney were among 675 investors who between them were given £131 million in tax relief, even though they only invested a total of £79m in two data centres that have never been occupied.

The £52m “tax profit” - deductible from their tax bills - will now be recovered by HM Revenue & Customs and some investors have already had tax demand payments, according to the BBC.
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davewave Avatar
7m, 6d agoPosted 7 months, 6 days ago
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2 Likes #3
Jimmy's Dead, boating accident. I don't think he'll be coming on.
#4
It's bad enough that the Telegraph reports the avoidance scheme as 'entirely legal' without repeating the myth on here. If it was entirely legal then the investors would have got the tax relief they claimed and wouldn't be having to repay tax.

At best, the scheme was of dubious legality and, at worst, it was fraud. Make your own value judgements on the sort of people who do this. But, remember that for every £1 of tax they avoid, someone else ends up paying £1 more and, if you don't join the avoiders, that someone could well be you.
1 Like #5
RonChew
It's bad enough that the Telegraph reports the avoidance scheme as 'entirely legal' without repeating the myth on here. If it was entirely legal then the investors would have got the tax relief they claimed and wouldn't be having to repay tax.

At best, the scheme was of dubious legality and, at worst, it was fraud. Make your own value judgements on the sort of people who do this. But, remember that for every £1 of tax they avoid, someone else ends up paying £1 more and, if you don't join the avoiders, that someone could well be you.


could he have known that the data centre would remain empty after construction?
#6
davewave
RonChew
It's bad enough that the Telegraph reports the avoidance scheme as 'entirely legal' without repeating the myth on here. If it was entirely legal then the investors would have got the tax relief they claimed and wouldn't be having to repay tax.
At best, the scheme was of dubious legality and, at worst, it was fraud. Make your own value judgements on the sort of people who do this. But, remember that for every £1 of tax they avoid, someone else ends up paying £1 more and, if you don't join the avoiders, that someone could well be you.
could he have known that the data centre would remain empty after construction?
And did the investors think that getting tax relief in excess of what they paid in to the scheme was legal. There's a bit more to the scheme than the Torygraph is reporting though they do say
Carr and the England striker Wayne Rooney were among 675 investors who between them were given £131 million in tax relief, even though they only invested a total of £79m in two data centres that have never been occupied.
without fully explaining how this could be done other than that it involved a bank in Vienna .
#7
I agree these people should pay the money back but I was reading where they'd have to pay ten times back , that can't be right?
1 Like #8
he wont face squat, he's under no obligation to face anybody.
#9
RonChew
It's bad enough that the Telegraph reports the avoidance scheme as 'entirely legal' without repeating the myth on here. If it was entirely legal then the investors would have got the tax relief they claimed and wouldn't be having to repay tax.
At best, the scheme was of dubious legality and, at worst, it was fraud. Make your own value judgements on the sort of people who do this. But, remember that for every £1 of tax they avoid, someone else ends up paying £1 more and, if you don't join the avoiders, that someone could well be you.

If you earn under £10,000 a year that someone won't be you thats for sure.
#10
davewave
RonChew
It's bad enough that the Telegraph reports the avoidance scheme as 'entirely legal' without repeating the myth on here. If it was entirely legal then the investors would have got the tax relief they claimed and wouldn't be having to repay tax.
At best, the scheme was of dubious legality and, at worst, it was fraud. Make your own value judgements on the sort of people who do this. But, remember that for every £1 of tax they avoid, someone else ends up paying £1 more and, if you don't join the avoiders, that someone could well be you.
could he have known that the data centre would remain empty after construction?
Whether he knew it would remain empty, what it was, where it was or the colour of the bog roll is immaterial. He, and the rest knew, or their advisors knew, that the scheme was, at best, dodgy. Hope they all get walloped.
#11
airfix
I agree these people should pay the money back but I was reading where they'd have to pay ten times back , that can't be right?
Check the penalties for tax evasion.
#12
qbs
airfix
I agree these people should pay the money back but I was reading where they'd have to pay ten times back , that can't be right?
Check the penalties for tax evasion.
Its not tax evasion. It's tax avoidance.
#13
stuarthanley
qbs
airfix
I agree these people should pay the money back but I was reading where they'd have to pay ten times back , that can't be right?
Check the penalties for tax evasion.
Its not tax evasion. It's tax avoidance.

Exactly. Too many people fail to appreciate the difference
#14
aau1
stuarthanley
qbs
airfix
I agree these people should pay the money back but I was reading where they'd have to pay ten times back , that can't be right?
Check the penalties for tax evasion.
Its not tax evasion. It's tax avoidance.

Exactly. Too many people fail to appreciate the difference


particularly the people who created these vehicles who may have crossed the line.
#15
stuarthanley
qbs
airfix
I agree these people should pay the money back but I was reading where they'd have to pay ten times back , that can't be right?
Check the penalties for tax evasion.
Its not tax evasion. It's tax avoidance.
Slip of the keyboard. Either way, they've no excuse. And if the "avoidance" scheme is illegal, it becomes evasion.

Edited By: qbs on Dec 16, 2016 13:16
#16
qbs
stuarthanley
qbs
airfix
I agree these people should pay the money back but I was reading where they'd have to pay ten times back , that can't be right?
Check the penalties for tax evasion.
Its not tax evasion. It's tax avoidance.
Slip of the keyboard. Either way, they've no excuse.
Glad you agree thats incorrect they have a perfectly legal excuse if its tax avoidance and they were not aware of the intention (if it existed) to leave these data centres empty.

Edited By: davewave on Dec 16, 2016 13:46: in
#17
davewave
qbs
stuarthanley
qbs
airfix
I agree these people should pay the money back but I was reading where they'd have to pay ten times back , that can't be right?
Check the penalties for tax evasion.
Its not tax evasion. It's tax avoidance.
Slip of the keyboard. Either way, they've no excuse.
well thats incorrect they have a perfectly legal excuse if its tax avoidance and they were not aware of the intention (if it existed) to leave these data centres empty.
You've responded to an incomplete post.
#18
qbs
davewave
qbs
stuarthanley
qbs
airfix
I agree these people should pay the money back but I was reading where they'd have to pay ten times back , that can't be right?
Check the penalties for tax evasion.
Its not tax evasion. It's tax avoidance.
Slip of the keyboard. Either way, they've no excuse.
well thats incorrect they have a perfectly legal excuse if its tax avoidance and they were not aware of the intention (if it existed) to leave these data centres empty.
You've responded to an incomplete post.
you too
#19
Well if you edit posts after they've been replied to, life gets confusing. You forget, edits are time stamped.
You responded to my post #11 in your post #16 after I'd corrected my slip in post #15.
You're now saying I've responded to an incomplete post but you edited after I responded to it.
And what do you think I'm agreeing to (post #16)?
1 Like #20
qbs
Well if you edit posts after they've been replied to, life gets confusing. You forget, edits are time stamped.
You responded to my post #11 in your post #16 after I'd corrected my slip in post #15.
You're now saying I've responded to an incomplete post but you edited after I responded to it.
And what do you think I'm agreeing to (post #16)?
Sorry I thought you were joshing, my apologies, I didn't mean to deceive, I was just having what I call a joke. You are absolutely right and I agree with your post. Well said my friend.
#21
Jimmy Carr is my favourite comedian.
#22
david_wavid
Jimmy Carr is my favourite comedian.
that makes me feel so happy, did you mean to set up what appears to be a troll name btw?
#23
davewave
qbs
Well if you edit posts after they've been replied to, life gets confusing. You forget, edits are time stamped.
You responded to my post #11 in your post #16 after I'd corrected my slip in post #15.
You're now saying I've responded to an incomplete post but you edited after I responded to it.
And what do you think I'm agreeing to (post #16)?
Sorry I thought you were joshing, my apologies, I didn't mean to deceive, I was just having what I call a joke. You are absolutely right and I agree with your post. Well said my friend.
:D:D:D

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