Social Forums > The Hinckley Arms > Oil
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Deadloud Ubi draconi vivant, United Kingdom Site Moderator Premier Member Posts: 33,714 Sprint ST (05->) 21 Mar 2012 10:07
http://www.bbc.co.uk/news/business-17454... "Oil is up 15% in 2012 and while current prices are well off the record high of $147 seen in 2008 " Which proves how much the government is ripping us off seeing as how fuel prices are now MUCH higher than they were when oil was at it's peak in 2008
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Chris S Effingham, United Kingdom Premier Member Posts: 6,505 Sprint ST (05->) 21 Mar 2012 10:18
Or the refiners are putting a bigger margin on...
<TRIP> Suvern., United Kingdom Premier Member Posts: 11,602 Daytona 955i (02CE, 03) 21 Mar 2012 13:16
thought it might be about baby oil.
Exuptoy Maesteg, Mid Glam, United Kingdom Premier Member Posts: 11,059 Speed Triple 955i (02-04) 21 Mar 2012 15:49
<TRIP>: thought it might be about baby oil.
What........made out of real babies, thats just cruel.
Chris S Effingham, United Kingdom Premier Member Posts: 6,505 Sprint ST (05->) 21 Mar 2012 15:50
I think the oil companies pay their workers too much. Have you seen the type of cars they drive...?
Exuptoy Maesteg, Mid Glam, United Kingdom Premier Member Posts: 11,059 Speed Triple 955i (02-04) 21 Mar 2012 16:04
Chris S: I think the oil companies pay their workers too much. Have you seen the type of cars they drive...?
I work for my own company brother and the oil companies pay an agency more money for me to pay myself an extortionate divdend whilst keeping my tax down. The government designed the system, I'm just screwing it.
It's not extortionate BTW, I pay 20% corporation tax, a flat rate of 12.5% VAT and myself a wage then a dividend with the leftovers once bills and expenses are paid. Only started working like this last year and it's working out ok.
Chris S Effingham, United Kingdom Premier Member Posts: 6,505 Sprint ST (05->) 21 Mar 2012 16:23
Nivram London, United Kingdom Premier Member Daytona 955i (04-06) 21 Mar 2012 16:26
EXUP..hope you are not paying yourself a divi every month...bit of a red flag to HMRC that one is
Exuptoy Maesteg, Mid Glam, United Kingdom Premier Member Posts: 11,059 Speed Triple 955i (02-04) 21 Mar 2012 16:35
Yeah, I know but my I have asked my accountant and he didn't seem phased.
I was concerned about that so we'll see.
Nivram London, United Kingdom Premier Member Daytona 955i (04-06) 21 Mar 2012 16:37
well bear in mind it would be yerself not the accountant that will get screwed...HMRC has declared that paying Divi's by the month is disguised salary...not worth the hassle. I been doing this contracting lark since 1988, always best to be honest with the tax men
Exuptoy Maesteg, Mid Glam, United Kingdom Premier Member Posts: 11,059 Speed Triple 955i (02-04) 21 Mar 2012 16:40
Cheers Niv. Only been earning since July so if they make an issue then I'll have 9 more months to top up the tax pot before I settle the bill with them. So we'll see.
I never pay myself the same amount anyway as I know that flags up as a wage.
Nivram London, United Kingdom Premier Member Daytona 955i (04-06) 21 Mar 2012 16:41
nice lark contracting isn't it.....started at client in 2005 for a 6 week stint.....still there
Exuptoy Maesteg, Mid Glam, United Kingdom Premier Member Posts: 11,059 Speed Triple 955i (02-04) 21 Mar 2012 16:44
If i could do something in my time off (2 weeks on/2 weeks off) then I could have a buffer and let the company money accrue until I have a nice pot there for a quarterly divvy then it would be a little easier to sort out. The problem is, I never had any coin behind me when I started so you're always on the back foot. I don't suppose I help myself buying big motors tho do I.
Nivram London, United Kingdom Premier Member Daytona 955i (04-06) 21 Mar 2012 16:46
lol nope. what exactly do you do? I know its O&G
Fozz beyond the sea......, United Kingdom Site Moderator Premier Member Posts: 25,681 Daytona 955i (02CE, 03) 21 Mar 2012 17:29
Mainly G .........
Talcy Malcy North West, United Kingdom Premier Member Posts: 35,059 Daytona 955i (02) 21 Mar 2012 17:52
Better than O I've seen that film .....
Exuptoy Maesteg, Mid Glam, United Kingdom Premier Member Posts: 11,059 Speed Triple 955i (02-04) 21 Mar 2012 18:50
Electrical construction or maintenance usually.
mike tamworth, United Kingdom Premier Member Posts: 1,595 Sprint ST (05->) 21 Mar 2012 19:30
Deadloud: http://www.bbc.co.uk/news/business-17454... "Oil is up 15% in 2012 and while current prices are well off the record high of $147 seen in 2008 " Which proves how much the government is ripping us off seeing as how fuel prices are now MUCH higher than they were when oil was at it's peak in 2008
Its not just the government . we buy oil in dollars . the pound buys around 25% less dollars now than in 2008, therefore the oil will cost us 25% more
Deadloud Ubi draconi vivant, United Kingdom Site Moderator Premier Member Posts: 33,714 Sprint ST (05->) 21 Mar 2012 20:40
Bugger .. and there was me on a rant
Flappytabs Derbeeeshire, United Kingdom Premier Member Posts: 16,833 Speed Triple 1050 21 Mar 2012 20:43
Deadloud: http://www.bbc.co.uk/news/business-17454... "Oil is up 15% in 2012 and while current prices are well off the record high of $147 seen in 2008 " Which proves how much the government is ripping us off seeing as how fuel prices are now MUCH higher than they were when oil was at it's peak in 2008
it is because of the dollar pound exchange rate............how many times do i have to tell you
Deadloud Ubi draconi vivant, United Kingdom Site Moderator Premier Member Posts: 33,714 Sprint ST (05->) 21 Mar 2012 20:50
Now they're picking on me Bastids
Flappytabs Derbeeeshire, United Kingdom Premier Member Posts: 16,833 Speed Triple 1050 21 Mar 2012 20:53
mike: Deadloud: http://www.bbc.co.uk/news/business-17454... "Oil is up 15% in 2012 and while current prices are well off the record high of $147 seen in 2008 " Which proves how much the government is ripping us off seeing as how fuel prices are now MUCH higher than they were when oil was at it's peak in 2008
Its not just the government . we buy oil in dollars . the pound buys around 25% less dollars now than in 2008, therefore the oil will cost us 25% more
Sorry Mike didnt see you there........speak up a bit next time
Deadloud Ubi draconi vivant, United Kingdom Site Moderator Premier Member Posts: 33,714 Sprint ST (05->) 21 Mar 2012 20:56
Yeah speak up ... all buddies together deflating Deadloud
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