Does anyone in the accountancy or legal proffession know wtf they are talking about?

So to summarise, 'tax is fine until I have to pay for it, how do I avoid it?'

Bloody charming of you to ask those of us that pay and are willing to pay.

Sounds like you need to sue your professional advisors. Apart from that, looks like the company will have to pay some tax. Up to you if you want to spend years keeping ahead of the taxman. You might wake up one morning and find legal action being taken against you where you are to recover the debt.

Martin <

I don't understand the question, in particular "pay for it" ?

Let's not get into that one.

Nah, the taxman will have ben made redundant by then, or be claiming benefits in place of his failed SERPS.

That's why I hate people like Phil Collins so much. Urged everbody to vote conservative so he wouldn't have to pay so much tax then f**ked off anyway.

Kevin

Or Sean Connery being invited open the Scottish Parliament building when he doesn't pay UK tax!

So the idea that he is a famous Scottish man was all wrong? Perhaps they should have got Rab Nesbitt to do it. Or Mr C Jackson from Glasgow to do it.

Look at who opens what in various countries. Usually being liable to pay tax in that country isn't the criteria used. Being famous, or associated with the place in some way - thats often used.

Martin <

ask on alt.2600.fake-id there used to be some good discussions on there about people doing stuff like this. Half of them got arrested though so i dont no if they newsgroup is any good anymore(a group was seling fake documents)

You asked "Does anyone in the accountancy or legal proffession know wtf they are talking about?".

999 times out of a thousand the answer is yes. The problem is that in a lot of situations the advice is only as good as the information the client gave them. In this case you have not said whether or not your advisers were fully aware of the situation.

If they were fully aware the correct way forward is to sue them for incorrect advice (if it was incorrect at the time it was given - there is always an issue in cases like this about things that changed after the advice was given). Leaving the country is unlikely to insulate you from the tax authorities. You are likely to have assets in the UK, such as a pension fund, that would be very difficult to remove and against which a judgment could be enforced, especially if you were made bankrupt.

jb

Of course they were, they had (and have) all relevant information to hand.

This is obviously correct.

Interesting, then how come I have just been advised that I could have left the country in this tax year, dispose of the property in the next one, and avoid all liability providing I do not return within five years?

1.) This is perfectly legal. 2.) This is what I wanted to do in any case; only now, on 21st March, I only have 'til April 5th to sod off abroad.

They can have it, for what it's worth.