Ought we be worried?

[ramAnag]

RA I'm always the bearer of good news, but the crickets looking a bit dodgy . Accounts go way over my head ,my business partner and our accountant does all that Ask me about the tensile strength of any metal ,machining problems associated with various metals and I could probably blind you but Accounts I can't get my head around To tell the truth I don't really want to

Lol...you could ‘blind’ me about either. Probably know more accounting, but as GP will be quick to tell you, that can only mean I know absolutely nothing about ‘tensile strength’. Tried to Google it to con you but I couldn’t get past the first two sentences.

Anyway...the cricket seems to be about to start after all. Still no idea about Derby and GP doesn’t help, I mean, ‘cum-ex fraud’...

[mistaram]

Lol...you could ‘blind’ me about either. Probably know more accounting, but as GP will be quick to tell you, that can only mean I know absolutely nothing about ‘tensile strength’. Tried to Google it to con you but I couldn’t get past the first two sentences.

Anyway...the cricket seems to be about to start after all. Still no idea about Derby and GP doesn’t help, I mean, ‘cum-ex fraud’...

Yes com-ex fraud sounds like something to do with a divorce settlement

[Geoff Parkstone]

its not exactly a clear expression! - and hardly likely to be anything you would do whilst thinking about your ex!

FYI RA (although I doubt you have the "I") cum ex schemes have been going on all over Europe in recent years costing various treasuries (not ours) billions. Its keyed off a legal loophole allowing multiple parties to claim ownership of a share, and so its dividend, and thus all of them claim a tax refund on the dividend, even though the tax was only paid to the exchequer once by the company.

Also known as dividend arbitrage

[MadAmster]

its not exactly a clear expression! - and hardly likely to be anything you would do whilst thinking about your ex!

FYI RA (although I doubt you have the "I") cum ex schemes have been going on all over Europe in recent years costing various treasuries (not ours) billions. Its keyed off a legal loophole allowing multiple parties to claim ownership of a share, and so its dividend, and thus all of them claim a tax refund on the dividend, even though the tax was only paid to the exchequer once by the company.

Also known as dividend arbitrage

If it's a "legal loophole", why is anybody, anywhere, under investigation for its use/innocent automated activation?

[Geoff Parkstone]

When it has cost European exchequers over 60 billion, more than half of it the German Exchequer, even the tax authorities may ask a few questions......

[ramAnag]

its not exactly a clear expression! - and hardly likely to be anything you would do whilst thinking about your ex!

FYI RA (although I doubt you have the "I") cum ex schemes have been going on all over Europe in recent years costing various treasuries (not ours) billions. Its keyed off a legal loophole allowing multiple parties to claim ownership of a share, and so its dividend, and thus all of them claim a tax refund on the dividend, even though the tax was only paid to the exchequer once by the company.

Also known as dividend arbitrage

I wasn’t doubting you, GP...just seemed like a, faintly rude, foreign language. Accountancy speak and dividend fraud(?) is another world to me...and frankly one we’d all be better off without perhaps.

[MadAmster]

When it has cost European exchequers over 60 billion, more than half of it the German Exchequer, even the tax authorities may ask a few questions......

All they can do is close the loophole. We don't do retrospective Law changes..... no matter what it's cost Exchequers.

[Geoff Parkstone]

Tell that to the Germans

[MadAmster]

Not one of my skills, German

[Geoff Parkstone]

now 2 weeks late - maybe there is more to it!

or maybe just not filing until the hearing is over