Revise ZERO:10 Income Tax avoidance by certain individuals

The zero:10 tax arrangement for companies is being used by ceratin astute individuals to avoid paying personal income tax.  They place their investment portfolio as a loan into an investment company they have set up and live of the repayment of the loan which is a capital receipt and is not subject to income tax.

Why the contribution is important

A revised fairer system which would not scare off the entrepeneurs would lead to many tens of millions of pounds going into the public exchequer annually.

by Chris on April 07, 2017 at 01:53PM

Current Rating

Average score : 5.0
Based on : 2 votes