With the K2 scheme coming under scrutiny I wondered if anyone had any other good wheezes to legally avoid paying taxes.
I get around paying income tax by earning bugger all.
I once had the brief misfortune of working for a small subsiduary of the Cordwell (Phones4U) Group before resigning. John Cordwell became one of the richest men in the UK very quickly . Apparently all his potential income was paid into a trust off-shore rather than to him. He would then take out a loan secured against that trust and claim the interest against tax. I think he managed to have a negative tax return despite being worth £70,000,000. Mind you he is a f*cking crook. (I still know where some of the bodies are buried)