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Finances / Finanzen » uk.finance » Re: Revenue getting really aggressive these days
Re: Revenue getting really aggressive these days [message #396384] Di, 11 Juli 2006 07:00
Peter Saxton  
On Sat, 24 Jun 2006 09:54:03 +0100, mogga <di [at] NOSPAMPLEASEmogga.com>
wrote:

>On Fri, 23 Jun 2006 23:47:18 +0100, nobdoy [at] nowhere.com wrote:
>
>>
>>Tiddy Ogg <tiddyogg [at] madasasheep.com> wrote
>>
>>>Then it's called a charity and has its own rules. The OP was setting
>>>off the losses against a proper company, thus fiddling his tax.
>>
>>I think you are jumping to an unwarranted conclusion there, as well as
>>using the emotive term "fiddling his tax".
>>
>>A rental business can make money, like any other business, if the
>>gross margin is sufficient *and* there are enough customers i.e. the
>>asset utilisation is high enough.
>>
>>In this case the revenue are saying it isn't a real business, because
>>it failed to attract enough customers to make an overall profit. To me
>>that seems an aggressive policy, because many capital intensive
>>businesses make no money for a few years, and the revenue are making
>>the judgement retrospectively which of course is easy to do.
>>
>
>So do they jump on all these huge companies who make huge losses year
>after year?
>
They don't have to. They don't fiddle their tax.

--
Peter Saxton from London
peter [at] petersaxton.co.uk
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