Assuming you can see my argument but think its a bit dodgy: Doesnt matter what it smells like, my point is that HMRC won't necessarily find anything.
If you can't see my argument: If you were a sought after artist and I wanted a painting by you, but you werent free for 2 years, I could sign a contract with you now where I agree to pay you £50k for a peice you'd do for me then. As you would be turning down other work for then you could reasonably say that if for any reason I cancelled the contract I would still have to pay you the full amount. It's then my choice whether I agree to those terms or not. If I agree, no money has changed hands now but I have a commitment to you in 2 years time for £50k. I (will) owe you £50k whether you do the work or not. You would not have to declare that work commitment anywhere with regards to your accounts this year. > -----Original Message----- > From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] > Sent: 27 June 2007 16:16 > To: [EMAIL PROTECTED]; [email protected] > Subject: RE: [LU] Leedslist Digest, Vol 9, Issue 101 > > Smells like balls to me. > _______________________________________________ the Leeds List is an unmoderated mailing list and the list administrators accept no liability for the personal views and opinions of contributors. Leedslist mailing list [email protected] http://list.zetnet.co.uk/mailman/listinfo/leedslist Join The Leeds United Supporters Trust at www.lufctrust.org
