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Post by thomas on Jan 29, 2023 13:51:30 GMT
Sunak sacking zahawi is clearly a damage limitation excercise. Reports coming out sunak was warned about appointing zahawi to any role in government with his dodgy reputation .
Wonder how many more this affair is going to take out?
Really does look like the end days of rome , the city is burning while the senators party on . Im begininning to wonder if the tory government can make it thorugh the next 16 months or so till the general election.
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Post by oracle75 on Jan 29, 2023 16:52:03 GMT
To be FINED 5 million begs the question, just how creative can one ex chancellor be? Apparently that was the highest fine that can be imposed. He has not been fined When HMRC assess a tax underpayment for whatever reason ,disagree with a submission or the submission is late the taxpayer: 1)Pays the underpayment 2)Pays interest on the underpayment at predetermined rates 3) Pays a penalty to HMRC at predetermined rates There is no fine and no loss to the Treasury He paid a penalty/fine. But what he also did was lie 7 times to Parliament when asked about the issue and threatened a media company when they told the truth. I hope his constituency sacks him too and I never have to see his Gila monster face again or hear him desperately apologising for Boris. |
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Post by zanygame on Jan 29, 2023 17:08:35 GMT
He was not fined £5 million , HMRC when investigating his company finances registered in Gibraltar and found that there was an error in his accounts, which as the end of the day they considered him to be careless with his accounts no intent to evade taxation not paying the full amount of taxes due, therefore he had to pay back taxes, plus a financial penalty. He has been sacked quite rightly for breaking the Ministerial Code As has been said on the news several times, HMRC does not fine you for honest mistakes. But from my point of view the real issue is how a guy who didn't realise he had to declare the receipt of 27m quid to the tax office could be considered intelligent enough to be chancellor. |
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Post by ratcliff on Jan 29, 2023 17:09:31 GMT
He has not been fined When HMRC assess a tax underpayment for whatever reason ,disagree with a submission or the submission is late the taxpayer: 1)Pays the underpayment 2)Pays interest on the underpayment at predetermined rates 3) Pays a penalty to HMRC at predetermined rates There is no fine and no loss to the Treasury He paid a penalty/fine. But what he also did was lie 7 times to Parliament when asked about the issue and threatened a media company when they told the truth. I hope his constituency sacks him too and I never have to see his Gila monster face again or hear him desperately apologising for Boris. He was not fined He paid a penalty ( as will thousands of others who are due to submit their tax returns by Tuesday) |
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Post by zanygame on Jan 29, 2023 17:16:39 GMT
I don't think Zahawi sat at his PC and filled in a self-assessment form. Like all people who are very rich he almost certainly handed all his documents to his accountant and told him/her to make sure he paid the minimum amount of tax - without breaking the law. And the accountant probably did that. But the HMRC disagreed and asked for more. That may have been because the HMRC got it wrong or because the law has changed on whatever "vehicle" he was using to minimise tax - or because the accountant got wrong. We don't know. In my experience the HMRC get every tax calculation wrong but I don't bother to argue any more because they're impossible to deal with. It takes months and you never get anywhere. Nonsense. If you have that sort of tax burden you accountants come to see you and explain exactly what they're doing and why. Partly to justify their existence but mostly because you have to sign off the accounts. Seriously how can anyone defend forgetting to declare 27m and having to pay 5m in tax and penalties. That's one crap accountants. |
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Post by Deleted on Jan 29, 2023 17:46:12 GMT
He was not fined He paid a penalty ( as will thousands of others who are due to submit their tax returns by Tuesday) Is that the same as Boris and Rishi were not fined but paid a penalty over partygate? |
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Post by borchester on Jan 29, 2023 18:34:27 GMT
Pretty low Tommy, although with Starmer trying to match the Tories' every move I doubt that it will make much odds. We will have a Conservative government come 2024 regardless of whatever party gets in.
The only problem is all the dreary bastards on here wanking themselves to death in an orgy pompous righteousness because Zahawi was a little creative with his accounting.
It appears to be the case that you do not understand the objectivity levels that motivates Centre-left and Centre-right politics. "because Zahawi was a little creative with his accounting". That cheered me up no end, thanks. I know what motivates the left and those who can't get paid in cash. It is low calorie spite, which is why I said that they are dreary bastards. |
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Post by zanygame on Jan 29, 2023 18:54:57 GMT
It appears to be the case that you do not understand the objectivity levels that motivates Centre-left and Centre-right politics. "because Zahawi was a little creative with his accounting". That cheered me up no end, thanks. I know what motivates the left and those who can't get paid in cash. It is low calorie spite, which is why I said that they are dreary bastards. Its the same with non rapists, they are just spiteful against rapists coz they can't do it. Jeez. I never thought even the most right wing sock puppets would defend a minister lying about tax avoidance |
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Post by Deleted on Jan 29, 2023 20:32:18 GMT
Borchester is no sock puppet, he's just a comedian with an odd sense of humour. Stick with it, he can be hilarious.
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Post by zanygame on Jan 29, 2023 20:51:32 GMT
Borchester is no sock puppet, he's just a comedian with an odd sense of humour. Stick with it, he can be hilarious. Apologies Borchester, I'll assume your comment was comedic |
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Post by nonnie2 on Jan 29, 2023 21:23:18 GMT
Did you know, there's a thing in law called, "Innocent until proven guilty"
But have you noticed in British and American politics, it's mainly the Left that wish to flaunt this law, to break it. Whoever is accused of what, it doesn't matter if a department, employer, prime minister etc.. wants to investigate before making a decision, social justice wants that person fined, sacked, fined again, stripped of peerages etc.. within 5 seconds of an accusation.
And there's Starmer, telling the PM to ignore presumption of innocence whilst the PM insisted an investigation.
So it doesn't matter what party the accused is in, it's pretty bad when some people disregard presumption of innocence. The media and TV bosses are good at ignoring it too.
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Post by borchester on Jan 29, 2023 21:28:00 GMT
Borchester is no sock puppet, he's just a comedian with an odd sense of humour. Stick with it, he can be hilarious. Apologies Borchester, I'll assume your comment was comedic Well, I laughed 
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Post by see2 on Jan 29, 2023 22:22:56 GMT
It appears to be the case that you do not understand the objectivity levels that motivates Centre-left and Centre-right politics. "because Zahawi was a little creative with his accounting". That cheered me up no end, thanks. I know what motivates the left and those who can't get paid in cash. It is low calorie spite, which is why I said that they are dreary bastards. Your posts suggests you are posting about your own mindful spite. |
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Post by steppenwolf on Jan 30, 2023 7:14:38 GMT
I don't think Zahawi sat at his PC and filled in a self-assessment form. Like all people who are very rich he almost certainly handed all his documents to his accountant and told him/her to make sure he paid the minimum amount of tax - without breaking the law. And the accountant probably did that. But the HMRC disagreed and asked for more. That may have been because the HMRC got it wrong or because the law has changed on whatever "vehicle" he was using to minimise tax - or because the accountant got wrong. We don't know. In my experience the HMRC get every tax calculation wrong but I don't bother to argue any more because they're impossible to deal with. It takes months and you never get anywhere. Nonsense. If you have that sort of tax burden you accountants come to see you and explain exactly what they're doing and why. Partly to justify their existence but mostly because you have to sign off the accounts. Seriously how can anyone defend forgetting to declare 27m and having to pay 5m in tax and penalties. That's one crap accountants. We don't know the details of why there was a disagreement of the accuracy of his tax declaration. As I say, if you've got as much money as Zahawi you don't do your own tax return - unless you're also an accountant. And Zahawi would have to be very stupid to make a false declaration. It's possible of course but very unlikely. I'd guess what happened was that HMRC took a different view from Zahawi's accountant on how much his tax liability should be and they were arguing about it. And, as I said, in my experience it's by no means impossible that the HMRC was wrong. Then what happened is that the press got on to it and Zahawi just decided to pay it for a quiet life - and HMRC hit him with a fine. And that of course made it even worse. I don't think we've heard the last of this because Zahawi thinks he's been hard done by. |
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Post by jonksy on Jan 30, 2023 7:19:43 GMT
Nonsense. If you have that sort of tax burden you accountants come to see you and explain exactly what they're doing and why. Partly to justify their existence but mostly because you have to sign off the accounts. Seriously how can anyone defend forgetting to declare 27m and having to pay 5m in tax and penalties. That's one crap accountants. We don't know the details of why there was a disagreement of the accuracy of his tax declaration. As I say, if you've got as much money as Zahawi you don't do your own tax return - unless you're also an accountant. And Zahawi would have to be very stupid to make a false declaration. It's possible of course but very unlikely. I'd guess what happened was that HMRC took a different view from Zahawi's accountant on how much his tax liability should be and they were arguing about it. And, as I said, in my experience it's by no means impossible that the HMRC was wrong. Then what happened is that the press got on to it and Zahawi just decided to pay it for a quiet life - and HMRC hit him with a fine. And that of course made it even worse. I don't think we've heard the last of this because Zahawi thinks he's been hard done by. The usual lefty arseholes hypocritical will make sure we haven't heard the last of of it mate....... |
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