Tax rules, loopholes and spirit of the law

with No Comments

It is informative to reflect that “when I were a lad” (a trainee accountant) the letter of the law was all that seemed to matter.  If we could find “a way” of saving tax then ‘yuppie’ smiles all round.  These days context, intention and substance are more important than raw legal documentation.  And quite rightly so.  Since forming Green Accountancy in 2007 I have stuck to the principle that the correct tax should be paid, based on the intention of the law and the reality of the situation.  Neither the regulations nor the facts should be bent to fit a tax avoidance agenda.