I can think of a biggie but this isn't the forum. 😉
On a separate note, £122m of the £3.5bn has been clawed back. Bloody boat people.
Well how much will actually get paid? The company still exists but has no operations. The money has already been paid out by the company to its shareholder who has spent it on a yacht. I suspect the company will declare bankruptcy and write off all but a small amount of what it owes the taxpayer. Whilst the shareholder when not on her yacht will be in the house of Lords. White collar crime.
Dividends tax is already practically in line with income tax. So unless you want to make it completely unviable to run a business, I wouldn’t touch it other than to possibly get rid of it.
Bringing CGT into income tax would definitely be my preference but would need to raise the tax free allowance, which probably isn’t viable.
I can think of a biggie but this isn't the forum. 😉
On a separate note, £122m of the £3.5bn has been clawed back. Bloody boat people.
Are you referring to Medipro ? Govenment won the court case today but the Company went into Administration yesterday. Handy that 🤔.
There was an application to appoint administrators yesterday for PPE Medpro Limited. Given that it’s been shown that Barrowman/Mone took £65m out, I suspect there will be plenty of goodies to be had under the POCA. Hopefully the first of many of these clawbacks.
Comments
But just you wait until the Budget. RR might crash both the Stock and Bond markets in one go !