Where do people think money comes from?

[MrsBlobbyOnLockdown]

Everyday we are hearing pay the NHS an extra 30% pay them £26 per day extra is the latest one.

I’m not disputing they deserve it of course they do & if we had an endless supply of money it’s the first place it should go.

But seriously, where do people think all this money is coming from?

What are your thoughts

A multinational company is operating throughout Europe. It sets up a ‘head office’ in a low tax country (Ireland, Luxembourg). It makes lots of money in the UK, but before corporation tax is paid it has to pay virtually all of this profit over to the head office in the low tax country in charges for admin / HR / intellectual property etc etc. Result, profits arise in the low tax country, minimal profit in the UK.

HMRC already have powers to challenge abusive use of such schemes. They choose not to. In fact, don't forget those "sweetheart" deals under Labour where the head of HMRC dined with leaders of the likes of Vodafone etc to do deals behind closed doors.

Tax avoidance via use of offshore schemes, loan schemes etc rocketed under Gordon Brown. He could have called a halt to them and could have properly dealt with the small company dividend issue, but he chose not to.

And people where I live don’t need to go to London for private healthcare @RunningAwaywiththeCircus because there’s an ample supply on the doorstep. My cataract surgery was done in my local hospital by one of the most respected ophthalmologists in the country.

The money I paid the seller was 99% profit to him due to house price inflation and was in no way taxed. It might have been a more efficient means of tax for him to be taxed on his profit rather than me being taxed for choosing to move house. We need to look at taxing wealth more

Haha, yes a real vote winner there

Also NHS workers are taxed ridiculously and it has to stop. My paramedic fiancé did some overtime and as a result was taxed over £2000 in just one month. He investigated where this money was going and it turned out most of it went towards 'government admin' so not even something vital. He's such a hard worker and it's just not right. £2k is our entire wedding budget.

NHS workers are taxed exactly the same as everyone else including overtime and /or second jobs
your personal allowance ( for ease of maths lets call it 12K) is averaged over 12 months so basically you can earn 1k per month without paying tax the next £3125 is taxed at 20% and anything over that at 40%
so if you have a second job unless your first job pays less than 12K you will be taxed at 20% on all you earn ( same as if overtime takes you over 1k a month you pay 20% on all your overtime)
so if you do overtime and your overtime takes you above £4125 a month before tax you will pay 40% tax on all of your overtime if a second job means you earn more than 4125 a month you pay 40% tax on all of your second job income
obviously you also pay NI on top of that to,o
so if your basic salary is 50K any overtime will take you in 40% tax bracket so all overtime will be taxed at 40%, if job A pays 50K and you take a second job all income from job B will be taxed at 40%
as your DP is a paramedic he will not be on less than 12k per year so yes of course his overtime will all be taxed at 20% if he is on a high band and overtime takes him into higher rate tax of course he will pay higher rate tax just like all those consultants currently treating covid patients they will be paying 40% tax on all their overtime etc etc

NHS staff are taxed just the same way as teachers, social workers council workers etc or any other employee anywhere

Some NHS workers like GP's and high street dentists and opticians are self employed and taxed as such

Also NHS workers are taxed ridiculously and it has to stop.

There aren't different tax/nic rates for NHS workers!

If HMRC had the means to get around transfer pricing schemes but chose not to use them, why are they introducing a digital services tax In an attempt to tax google, Facebook etc, massively pissing off Trump at the same time as trying to negotiate a trade deal with him?

www.google.co.uk/amp/s/amp.theguardian.com/media/2020/mar/11/uk-to-impose-digital-sales-tax-despite-risk-of-souring-us-trade-talks

You can think that HMRC are sitting on their hands doing nothing but they really are not. There are no easy solutions. There is no magic money tree.

Money is credited power. Money is a measure of how much people believe you can do things.

That's all.

You can think that HMRC are sitting on their hands doing nothing but they really are not. There are no easy solutions.
There are certain very very easy solutions
that would only impact the top 0.1%
and massively benefit the rest.

John Whiting tried it
but Tory MPs want to join the 0.1% so the process was killed

@user1497207191

All very well criticising Labour (rightly) but despite 10 years of Austerity, the Tories have still not deemed to close down these loopholes either.

What big business wants big business gets!

HMRC staff are taxed the same as anyone else. However very high paid doctors (and lawyers nad IT professionals) have ended up on such high pay they reach a pension cap and if they still expect employer contributions into their huge pensions they do face huge extra tax bills. Other than that aspect which only affects the rich I can think of no tax issuing being confused here.

I still stand by what I said @RunningAwaywiththeCircus, which was just about the only form of medicine unavailable privately is A&E. You choose to use NHS services. This is factually true for non emergency treatment, for which patients can travel. You’re just arguing for the sake of it.

When is reform being considered? It’s shouted down every time. “Our” NHS won’t get changed any time soon. I think there might be some legs on changing social care provision. But it means insurance and look what happened to Teresa May when she suggested it! People called it the granny tax. The point would be to pay it before you get to be a granny!

When is reform being considered? It’s shouted down every time. “Our” NHS won’t get changed any time soon. I think there might be some legs on changing social care provision. But it means insurance and look what happened to Teresa May when she suggested it! People called it the granny tax. The point would be to pay it before you get to be a granny!

I blame the papers and social media. I thought the 37,000 'granny' tax we all had to pay a great idea and would have paid it tomorrow to take the decicion making away from DCs.
Reform of the NHS is a stick used by the left to beat the Tories which stops any proper discussion. But the media claim we will adopt the US version which is ridiculous as it is the most unfair and expensive in the world. No one would copy the US
But who coined the name Dementia tax- it wasn't the gov, would have been the DMail etc.
But the gov had not done it's research. There had been a Radio 4 prog, can't rmeember which one, where people were asked about making plans for care in old age and no one believes it is going to happen to them. (or didn't - people are perhaps more accepting of it now).
But we are sooooo influenced by headlines - hence the gov concentrating on Brexit and missing C19, Brexit nad rollled on for 3 years, Boris promised to GET IT DONE in a short time frame which imv is partly why he dropped the ball over C19.

Norman Tebbitt a hero of mine?! I’m one of the most left wing posters to this forum @RunningAwaywiththeCircus! I paid for my cataract treatment purely because I’d have gone blind by the time I reached the top of the list. I had to put my principles in my pocket.

When has reform ever been considered? I don’t recall any political party ever even suggesting it.

All very well criticising Labour (rightly) but despite 10 years of Austerity, the Tories have still not deemed to close down these loopholes either.

Actually, they've done loads to deal with loopholes etc. There's the new personal tax on dividends. Closure of the trust/loan tax avoidance schemes. Tax on high value properties owned by overseas companies. IR35 enforced to the public sector 2 years ago and next year to the private sector. They are also engaged internationally with many other countries working towards ending the abuse of cross-border profit transfer into low tax regimes. Gordon Brown just watched idly by as tax avoidance grew under his watch.

I know loads of people who have had cataract ops in a timely manner via the NHS. The one friend who wanted a different lens paid a fortune and it went wrong. My up coming eye op will also result in blindness in one eye if it’s not done but I am not using my insurance. However I might need to because my sight cannot be improved and if it gets worse I’m stuck with that. So mine is to halt decline. Not curing it.

I’m in two minds about taking pressure off the NHS. However it would probably be the same surgeon!

Well, good for you and them @BubblesBuddy. The criteria vary dependent on locality. Here you’re not even put on the list until you can’t see well enough to drive and then they’ll only do one eye. I reached the point of being bad enough to go on the list and decided life’s too short.

Both eyes were done a fortnight apart by the surgeon I chose - known as God for Cataracts. I chose to be shortsighted with glasses for driving, I could have chosen the reverse, obviously you don’t get that choice with the NHS. I paid £5k which is the best money I’ve ever spent.

Everyone I know has had both eyes done on the NHS. My condition only affects one eye and should stay like that. There is no limit to one eye for anyone I’ve ever known. However they don’t do them 2 weeks apart. You wait for the first one to settle down first. So several months apart is normal. I think it would be fairer to have the same availability for some ops to be standard across all health providers.

Again, good for them. Shame I don’t live where you do, isn’t it? I’m sure if there was a good reason for not doing both eyes in two weeks, God wouldn’t have performed the surgery in that timescale. Or perhaps he was in a hurry for his other £2.5k? Who knows?

Actually, they've done loads to deal with loopholes etc

Not the ones i was referring to, still deals being done with HMRC and IR35 has hit some not so well paid contractors extremely hard.
Off shore still booming and i believe the Cons opposed tooth and nail any EU cross border co-op on tax.

However, IF Sunak cracks down on self employed avoiding tax with cash in hand jobs (as he hinted) that would be a plus but i guess the SUN will oppose that, so he wont.

Brown focused on Corp tax loopholes, Osbourne more on personal ones but Labour raised more from their tenure in office that the tories have...

So Alsohuman... in what area do you live? I’m interested because I have known people from Newcastle to Cornwall get both eyes done. Where should we avoid regarding eye healthcare? Good for you that you had £5000 going spare. I guess in your area everyone without money goes blind then. I doubt it though.

My next door neighbour had one eye done first and has not had the second done yet as the first seems to have gone a bit wrong (I don't know if hers was NHS or private).