Dan Neidle Profile picture
Jan 22, 2023 12 tweets 3 min read Read on X
#Zahawi update: his lawyers have written to me, denying that HMRC investigated him under COP 9, the procedure for investigating fraud. Since they are in such a helpful mood, I'm optimistic they'll answer some further questions. Full correspondence below:
My email:
The Osborne Clarke reply:
And my response:
I have updated my list of Zahawi questions to reflect the COP 9 answer.
Obvious addition: anyone thinking of sending abusive messages to Ashley should ask themselves some pretty fundamental questions.
I publish Ashley’s name because I believe lawyers engaging in SLAPP should be accountable, to the public and to their other clients.
A response from Zahawi's lawyer:
The last time Ashley suggested I contact Zahawi's press officer, it did not go well:
But I am hopeful this time is different, so:
You can bookmark this thread to catch the reply.

But I probably wouldn't bother.
I'm delighted to say I received a response to my questions. The response says that Mr Zahawi is not going to answer any questions:

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Dan Neidle

Dan Neidle Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @DanNeidle

Nov 22
The mystery tax avoider's name will be revealed in three weeks. A quick thread, and update on our story from May. Image
Full background, references and links here: taxpolicy.org.uk/2024/05/08/mys…Image
People bringing court/tribunal cases don't get to be anonymous. Open justice is an important principle, and so your name will be published unless there's a very good reason.
Read 15 tweets
Nov 21
The Budget employer national insurance increase will mostly end up being passed to employees in the form of lower wages and reduced employment. A thread on why I'm disappointed by the Budget, and why this chart makes me sad. Image
A longer version of this thread here: , with links to references, sources, and the spreadsheet generating the charts. taxpolicy.org.uk/2024/11/21/the…Image
Some of the worst features of the UK tax system are the product of short term political expediency:
Read 49 tweets
Nov 2
A horrible mess for some private school parents who paid fees in advance to try to avoid Labour's VAT hike. And it's entirely the fault of the private schools and their associations.

A quick thread on how to avoid VAT successfully, and how the schools didn't.. Image
We warned back in May that private schools were encouraging parents to pay in advance to avoid Labour's VAT hike, but structuring these schemes *really badly*.

We said that, under usual VAT principles, there was a high risk these schemes would fail, and parents *would* end up paying the VAT. taxpolicy.org.uk/2024/05/09/pri…Image
The problem was that most of the schemes weren't *really* paying fees in advance. They looked more like putting money on deposit, to be used to satisfy future fee demands. And that doesn't work.

An example from one school: Image
Read 11 tweets
Oct 31
The Country Land and Business Association says the new £1m cap on agricultural inheritance tax relief will "harm 70,000 farms". That's 1/3 of all farms.

What does the actual data show? Less than 500 farms/year will be pay more tax as a result of this change every year. Possibly as few as 100.Image
Why 500? Because this table shows only 500 farm estates claimed agricultural property relief (APR) of more than £1m in 2022. Image
But that overstates the issue. Married couples can easily claim the £1m cap twice. Small farmers without other assets can use their nil rate band. So for a married couple running a farm, it could be worth £2.65m before the restriction on the relief costs them a penny.
Read 6 tweets
Oct 31
Lots of over-the-top coverage right now about the £1m cap on inheritance tax agricultural property relief (APR).

Quick thread:
Background: if I'm a landlord with a portfolio of properties, or an investor with a portfolio of listed shares, when I die my estate pays 40% inheritance tax (IHT). Until now, APR meant that agricultural estates were completely exempt from IHT.
The Budget caps the exemption at £1m. Beyond that, IHT applies to agricultural property at half the usual rate - so 20%.
Read 16 tweets
Oct 27
What is tax avoidance? How's it different from tax evasion? Why can't we make tax avoidance illegal?

I have an infographic and a thread: Image
There's a *much* longer version of this thread here, with references and links to sources: taxpolicy.org.uk/2024/10/26/wha…Image
What is the legal definition of "tax avoidance"?

There isn't one. There's no single legal definition of "tax avoidance". If there was, life would be easy: we'd pass a law saying that if you do tax avoidance, you lose, pay lots of extra tax, and maybe go to jail as well.
Read 24 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(