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Cautionary tale!

Cautionary tale!

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Old Jul 16th 2010, 1:05 pm
  #16  
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Default Re: Cautionary tale!

Originally Posted by John & Kath
Why is it tax free I thought you had to declare the income as a resident and it was aggregated with other earnings and taxed?
Yeah, right.
Are you saying that you don't know any fellow brits working cash-in-hand?

Makes me angry every year when I have to stump up several thousand euros in tax every June.
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Old Jul 16th 2010, 2:17 pm
  #17  
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Default Re: Cautionary tale!

Why is it tax free I thought you had to declare the income as a resident and it was aggregated with other earnings and taxed?
:r ofl:

No, you're serious, aren't you?

Spain's deficit could be halvedd in a year if they taxed the thieving b*stards who don't pay their tax.
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Old Jul 16th 2010, 2:34 pm
  #18  
 
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Default Re: Cautionary tale!

Originally Posted by frigilianafreddy
Spain's deficit could be halvedd in a year if they taxed the thieving b*stards who don't pay their tax.
Absolutely - and I think they are beginning to realise that.

I am hearing more and more examples of people being caught for not paying tax and they are now proposing to increase the period that they can go back from 4 years to 10.

The government departments in Spain do appear to have pretty good computer systems and they definitely talk to to each other.

I recently heard of a case where a tax rebate due from Hacienda was automatically reduced by an outstanding IBI bill from the local town hall.
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Old Jul 16th 2010, 3:22 pm
  #19  
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Default Re: Cautionary tale!

Originally Posted by Fred James
Absolutely - and I think they are beginning to realise that.

I am hearing more and more examples of people being caught for not paying tax and they are now proposing to increase the period that they can go back from 4 years to 10.

The government departments in Spain do appear to have pretty good computer systems and they definitely talk to to each other.

I recently heard of a case where a tax rebate due from Hacienda was automatically reduced by an outstanding IBI bill from the local town hall.
I wonder what the time period is in the UK??
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Old Jul 16th 2010, 3:27 pm
  #20  
 
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Default Re: Cautionary tale!

If I remember correctly (and it's a long time ago) you can make a claim up to 6 years back but they can nail you as far back as they like!
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Old Jul 16th 2010, 3:32 pm
  #21  
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Default Re: Cautionary tale!

No, it definitely used to be only four years they could get you for. Obligated to keep tax and income records for 4 years as well.
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Old Jul 16th 2010, 3:37 pm
  #22  
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Smile Re: Cautionary tale!

Originally Posted by Dave n Dee
I wonder what the time period is in the UK??
6 years unless they decide they want to take a criminal prosecution then I think it is unlimited.
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Old Jul 16th 2010, 3:59 pm
  #23  
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Default Re: Cautionary tale!

Sorry, I was talking Spain.
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Old Jul 16th 2010, 4:01 pm
  #24  
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Default Re: Cautionary tale!

Due to some unfortunate circumstances when the then chancellor, John Major, put the interest rates up to 15%, and taking my accountant's advice, I went to work abroad for a few years. After some time I heard that the inland revenue were opening confidential advice offices, and I went to the one in Finsbury Square.

The young man checked my particulars and confirmed that I had no matters outstanding with them. I went to a nearby pub and had a pint to celebrate, but then remembered something and went back to the inland revenue office. I asked them to check on a company name.

When the young man looked at the computer screen he had the decency to blush and I didn't wait around. That was a good ten years after the event. I think it's different for companies rather than individuals.
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Old Jul 16th 2010, 4:57 pm
  #25  
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Default Re: Cautionary tale!

Many thanks for the info-
Cheers.
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Old Jul 16th 2010, 5:55 pm
  #26  
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Default Re: Cautionary tale!

Originally Posted by Fred James
If I remember correctly (and it's a long time ago) you can make a claim up to 6 years back but they can nail you as far back as they like!
I got done for an unaccountable invoice in a tax investigation, he said what they find wrong they can multiply for 7 years, you have to prove that it didn`t happen for the previous six years.
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