Comments on: Arctic Systems, The Fall-Out http://sme-blog.com/comments/arctic-systems-the-fall-out?utm_source=rss&utm_medium=rss&utm_campaign=arctic-systems-the-fall-out Let's talk business, ....MICRO & SMALL BUSINESS! Sat, 12 Nov 2011 07:46:05 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Andrew Ivey http://sme-blog.com/comments/arctic-systems-the-fall-out#comment-9582 Andrew Ivey Thu, 07 Feb 2008 23:34:11 +0000 http://www.sme-blog.com/comments/arctic-systems-the-fall-out#comment-9582 Well it's not over. The Treasury has now come up with proposals to tackle any future Arctic Systems. Details are not yet clear but they will probably include a method in which a 'fair' salary can be adjudged for a company's employee directors on the share register. And once Treasury bureacrats start to determine pay scales in the private work place we might as well all pack up and go. Well it’s not over. The Treasury has now come up with proposals to tackle any future Arctic Systems. Details are not yet clear but they will probably include a method in which a ‘fair’ salary can be adjudged for a company’s employee directors on the share register. And once Treasury bureacrats start to determine pay scales in the private work place we might as well all pack up and go.

]]> By: Jeremy Jacobs http://sme-blog.com/comments/arctic-systems-the-fall-out#comment-9581 Jeremy Jacobs Wed, 17 Oct 2007 22:40:49 +0000 http://www.sme-blog.com/comments/arctic-systems-the-fall-out#comment-9581 "This story is only a small part of what I personally see as a government that really has no idea about small business needs and wants". Labour never has and never will. Besides,IMO,they're in too deep with the corporates!! Some of your listeners may enjoy listening to Geoff Burch. Geoff is a brilliant speaker and business guru. He can be heard at <a href="http://www.viewpointbusiness.com" rel="nofollow">Viewpoint Business</a> Stefan, hope you don't mind the plug but Geoff has, I'm certain, helped many small businesses in the UK. “This story is only a small part of what I personally see as a government that really has no idea about small business needs and wants”.

Labour never has and never will. Besides,IMO,they’re in too deep with the corporates!!

Some of your listeners may enjoy listening to Geoff Burch. Geoff is a brilliant speaker and business guru. He can be heard at Viewpoint Business

Stefan, hope you don’t mind the plug but Geoff has, I’m certain, helped many small businesses in the UK.

]]> By: Stefan Töpfer http://sme-blog.com/comments/arctic-systems-the-fall-out#comment-9580 Stefan Töpfer Wed, 17 Oct 2007 09:35:02 +0000 http://www.sme-blog.com/comments/arctic-systems-the-fall-out#comment-9580 I agree! ST. I agree! ST.

]]> By: Jason Holden http://sme-blog.com/comments/arctic-systems-the-fall-out#comment-9579 Jason Holden Wed, 17 Oct 2007 09:10:35 +0000 http://www.sme-blog.com/comments/arctic-systems-the-fall-out#comment-9579 Thanks for the links Stefan. This story is only a small part of what I personally see as a government that really has no idea about small business needs and wants. This is further evidenced by government departments like the Revenue, who with cases like Arctic have shown how aggressive they are towards small business and I would go as far as to say it’s a sign of contempt! The highest court in the land supported the way the owners had structured their tax affairs yet the fact that HMRC took the case that far I find worrying, where is the accountability of these departments? This government has had 10 years, and at the start they had the good fortune to ride the ‘good times wave’ that the previous government had started, since those early days they have rode the ‘prosperous wave’ of the worldwide economic climate, but now its changing, it will be interesting to see where we end up, any policy idea’s Gordon or Alistair? (hint: ask the Tories what they would do!) I personally see more legislation and regulation which will make the UK one of the hardest and least forgiving countries to operate for small business, while larger concerns will no doubt cement their relationships with government departments, further evidence of this was the press release made in August: ‘It is ridiculous to suggest that business does not pay its fair share of tax. Businesses are using the capital allowances and deductions that government has put in place. ‘These are not loopholes ¬ but are properly policed business relief’s,’ an HMRC spokesman said. And then for smaller business we have Arctic Systems, IR35 etc. need I say more. Thanks for the links Stefan. This story is only a small part of what I personally see as a government that really has no idea about small business needs and wants.

This is further evidenced by government departments like the Revenue, who with cases like Arctic have shown how aggressive they are towards small business and I would go as far as to say it’s a sign of contempt!

The highest court in the land supported the way the owners had structured their tax affairs yet the fact that HMRC took the case that far I find worrying, where is the accountability of these departments?

This government has had 10 years, and at the start they had the good fortune to ride the ‘good times wave’ that the previous government had started, since those early days they have rode the ‘prosperous wave’ of the worldwide economic climate, but now its changing, it will be interesting to see where we end up, any policy idea’s Gordon or Alistair? (hint: ask the Tories what they would do!)

I personally see more legislation and regulation which will make the UK one of the hardest and least forgiving countries to operate for small business, while larger concerns will no doubt cement their relationships with government departments, further evidence of this was the press release made in August:

‘It is ridiculous to suggest that business does not pay its fair share of tax. Businesses are using the capital allowances and deductions that government has put in place.

‘These are not loopholes ¬ but are properly policed business relief’s,’ an HMRC spokesman said.

And then for smaller business we have Arctic Systems, IR35 etc. need I say more.

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