24th September 2011, 01:33 PM
Unitof1 Wrote:Kevin at what point is the tax fraud?
I didn't say it was a tax fraud. I said that such persons were defrauding the tax authority (HMRC)..... who are also responsible for collection of National Insurance contributions. An employed person should be paying their own contributon (deducted from income) and in addition there is the employers contribution. The SE only pay the individual Class 4 NIC and not the employers part. HMRC estimate that such defrauding is costing in excess of ?350 millions per annum....That's a lot of cash that could be available for all sorts of worthy causes (not least heritage and museums and pension payments!!)....
With peace and consolation hath dismist, And calm of mind all passion spent...