Reply to post: Re: Let's see..

Attention dunderheads: Taxpayers are NOT giving businesses £93bn

Greg 16

Re: Let's see..

"What if the family were treated as guests of the company or were perpetually loaned the use of facilities etc or even paid a loan they never had to pay back?"

There was a similar tax loophole that has recently been closed:

http://www.accaglobal.com/za/en/technical-activities/technical-resources-search/2014/october/offshore-loan-schemes.html

Basically a 'business' could set up an offshore 'employee loan scheme' - which gave 'loans' that were never intended to be paid back.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon