Tuesday, 13 March 2018

Tax turkey

On hearing that Ken Dodd is no longer with us, I remembered that the Inland Revenue had hauled him into court. But what I’d forgotten was the detail, namely that he was in the habit of keeping his earnings in cash around the house, and the taxpersons wanted tax which they would have had if he had invested the money. And it cost Doddy a small fortune to get a court to agree that if there is no investment income, no tax is due.

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