Benefits Scroungers ?

This post might not be quite what you thought the title suggested.
Two of the country’s biggest private contractors ATOS and G4S paid no corporation tax in Britain last year, despite carrying out billions of pounds of taxpayer funded work for the Government, an official audit has revealed.
A report by the National Audit Office, published this month, disclosed for the first time how much Government work is now outsourced to the private sector. It found that the four biggest suppliers - Atos, Capita, G4S and Serco - carried out £6.6billion-worth of work for the public sector and central Government last year.
Yet two of them – Atos and G4S which carried out £2billion-worth for work for the Government and public sector – paid no corporation tax at all in the UK in 2012. Capita paid between £50million and £56million, while Serco paid £25million in tax.
Serco holds public sector contracts worth £1.8 billion - including £611 million with the Ministry of Defence and £382m with local government. Capita has deals totalling £1.08bn, while the figures for G4S and Atos are £718m and £683m respectively.
A G4S source said that the company did not pay any corporation tax last year because it had carried one-off losses over from the previous year. Overall it said it paid around £400million in PAYE-related taxes.
A spokesman for Atos, which is carrying out fit for work tests on sick and disabled benefits claimants, said: “… due to significant investment in the UK to maintain our business here as well as pension contributions, we did not make enough profit last year to qualify for Corporation Tax.”

Does this not make you think who the real "Benefits" Scroungers are ?

Yet I feel all the backhanders/perks and help with political campaigns from these large corporations is what stops our so called government plugging these loop holes in a hurry... they talked about it then it went all quiet !!!

Hmm, options not available on PAYE. Now, assume you own a hole digging company and charge £100 for a 'Type A' hole, you pay the man that digs the hole £20 so your profit is £80 (80%) right? Wrong, you're a Director and pay yourself £40 so your profit is £40 (40%) right? Wrong.

You have to have a hole 'inspector' whom you pay £7.50 but you have to pay the 'hole certification' people £2.50 to certify the hole inspectors certificate. Your profit is now £30 (30%) right? Wrong, you have to provide tools and clothing so that's £5 so your profit is down to £25 (25%) right?

Wrong again, legitimate business expenses such as accountants fees take another £5 followed by £5 for depreciation of assets taking profit down to £15 (15%) right?

Could be, but maybe if you paid the accountant another £5 your profit would go down to 10% and any decent accountant could soon lose the embarrassing 10%

Him Her said:

.....Could be, but maybe if you paid the accountant another £5 your profit would go down to 10% and any decent accountant could soon lose the embarrassing 10%

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He would probably charge you another 5% to lose the other 5%

Him Her said:

Hmm, options not available on PAYE. Now, assume you own a hole digging company and charge £100 for a 'Type A' hole, you pay the man that digs the hole £20 so your profit is £80 (80%) right? Wrong, you're a Director and pay yourself £40 so your profit is £40 (40%) right? Wrong.

You have to have a hole 'inspector' whom you pay £7.50 but you have to pay the 'hole certification' people £2.50 to certify the hole inspectors certificate. Your profit is now £30 (30%) right? Wrong, you have to provide tools and clothing so that's £5 so your profit is down to £25 (25%) right?

Wrong again, legitimate business expenses such as accountants fees take another £5 followed by £5 for depreciation of assets taking profit down to £15 (15%) right?

Could be, but maybe if you paid the accountant another £5 your profit would go down to 10% and any decent accountant could soon lose the embarrassing 10%

Click to expand...

Sorry for correcting you on this matter H, but surely the only holes we are talking about here are the arse holes that employ G4S and ATOS.