How To LEGALLY Beat the TAX System
Rob Moore explains why tax-avoidance schemes like non-dom relocation and offshore companies backfire, then shows the legal way: run a limited company and claim business expenses like home office, equipment, and vehicle depreciation to cut corporation tax by up to two-thirds. Use an accountant and tax-investigation insurance to stay compliant.
Chapters
How to beat the tax system. It's actually quite easy to beat the tax system and for you to pay way less tax. In fact, there are books that are hundreds of years old that teach you the fundamentals of beating the tax system. Now I'm going to share with you how to not beat the tax system first, and because there are lots of people trying dodgy, potentially illegal things, or things that cost you more to set up than you save in tax, and it's a waste of time. In reality, the system wants you, or some of you, to beat you at its own game. So I've been quite critical of the, the UK tax system and the economy, how it's run, as you know. But in its defence, it does give you some good breaks if you know how to find the tax breaks. And it does want some of you to beat the tax system. After all, look at the billionaires. It clearly wants the billionaires to beat the tax system, otherwise the billionaires would be paying 20% corporation tax instead of 4%, and they'd be paying 45% income tax instead of virtually nothing. So how to not beat the tax system? First, go non-dom and set up some overseas company, or leave the country and think that it's going to be better somewhere else. Loads of people leaving to Dubai. It's wildly hot, this ginger beard would melt in the heat, and even though you pay less tax, everything's twice as expensive. Therefore, what you save in tax you're probably going to end up spending in living. And then what a lot of the countries do, and the UK have done this to abroad, by the way, they lure you in, zero tax, and then like boiling the frog, it goes up a bit and up a bit and up a bit and up a bit, and then you're stuck there. So actually, you should think very carefully about where you go, and you should want to live there anyway before you run away. Okay, the next thing you definitely don't want to do is some kind of tax scheme. There's been loads of them over the years and decades, and what the government can do— HMRC can change the law or make the law that they want to make and go back 7 years and take all the money you think you saved back off you retrospectively. So we've seen loads of schemes which end up being scams, or they might be legitimate in the moment and then afterwards they're not, and you've got to avoid all of those. So be careful of leaving the country, the schemes and the scams. Some people say, "Oh, taxes are illegal. It's illegal. They can't make me pay tax. I'm just not going to pay tax." I think you've got to be very fucking careful because, you know, the government and HMRC have strong powers, and if they want money off you, they're going to get it. So I think legally you have to pay tax. Okay, so what can you do then? It's actually quite simple. You simply set up a company. This could be a side hustle company. You get a domain name and a company number for what, less than 50 quid, and you become self-employed or an entrepreneur. Because these books are hundreds of years old, they teach you to pay yourself first. Now, if you're employed You pay the government and HMRC first, then you get what's left. So I don't know if you've ever seen your payslip and it's got, for example, your gross pay, your tax, your National Insurance, your student loan repayments, and you're left with less than half. Do you remember those old game shows when you lost? Here's what you could have won, and there's the yacht. You could have won that and instead you got an apple. An eaten one. So this is what your payslip looks like because you're paying yourself last and you're paying tax first. Now when you're an employer or an entrepreneur, you pay yourself first. You even take in the VAT, which is a tax, first and you get to hold it for 3 months. You can earn interest on it therefore, and then you pay the VAT. And then when you take in all of your income, you can work your expenses down, reduce your corporation tax. You can choose how you draw money, not necessarily salary. You can take certain reliefs. You can run certain things through your business as an expense legitimately. You can change your lifestyle. So instead of just, you know, paying yourself and then buying a car, buy a car in an LLP company structure, one car per partner. And essentially half the cost of a car. You can run a home office through your house, and all of the hardware and software required for that can be run through the business. Your laptop, your phone, your headphones that you use for your phone calls in business— all of these things can be run and offset through the company, and you probably end up reducing your tax liability down by 2/3, up to 2/3 with this one simple thing. So even if you don't want to be an entrepreneur and it's not you, you should start a side hustle company and you should go on HMRC website and speak to an accountant and say, look, what business expenses can I offset? Look at how you spend your money personally and think, oh, could that be a business expense instead of personal? Instead of going on all these holidays, could you do work trips? Instead of buying all of these electronic items for yourself, could they be for use in a company? Any travel and subsistence and fuel and mileage and cars can all potentially be paid before tax, not after tax, and therefore you can save half. A car costs me double if I buy it after tax. And half if I buy it in an LLP and can run everything through, including depreciation, maintenance, fuel, and all of that. And I have literally saved millions in tax in that one simple way, which, which the government actually want you to do, because even though they won't admit it, they need entrepreneurs. Small business owners employ 55% of the economy, the money flowing in the economy. 55% of that is from small business owners. So I imagine the rest of it is from big business owners. And then of course that funds the entire public sector. So this is actually not difficult and they make it look really difficult and the tax code is thousands of pages and they employ dozens or even hundreds of staff to manage this really complicated tax code to scare the shit out of you to go, oh, there you go, just have all of my money. But they actually want and need you to, they just hide it. How you can save most of what you're paying in tax is hidden in plain sight. So here's a couple of things you need to do right now. When all is said and done, more is said than done. Number 1, you need to go set up a company. It's really easy. Go on Companies House, find a name, get a company number, and set up a domain name, even if it's just dormant for now. And then you start learning what you can offset. Number 2 is learn from me what you can offset, because for the first time ever, I'm actually going to do 2 tax masterclasses in Rob.team. So we're going to do a beginner's tax masterclass. So how to start saving tax and the basic things that you're spending double on that you could be spending half on, we'll be teaching you inside Rob.team. Rob.team is my digital financial freedom platform. It helps you start and scale a business, make, manage, and multiply money, and build multiple streams of recurring income. There are hundreds of hours of courses, resources, and masterclasses for less than 20 pence a day. You can cancel any time. There's no ongoing contract. And if you want to make, manage, multiply money, get your tax bill down and your income streams up, and have most of your money left on your payslip, then go join rob.team right now. We've just shared the link in the comments. To type it in, it's just r-o-b dot t-e-a-m, rob.team. Go there right now. I'll give you a minute to go there and do that now, 'cause if you wait and forget, then you won't do it. By the way, rob.team is an offsettable business expense. So it goes down from gross 20 pence a day, which is less than what I've spent on coffee today, to net, 10 pence a day, which means anyone can afford it, which means why wouldn't you do it? And for the first time ever in Rob.team now, we're going to have a beginner's tax saving masterclass. Easy ways for anyone like you to save up to half, if not more, than what you're paying in tax and put it on your bottom line, and you have it for you and your family instead of giving it to the government to waste it. Now, there will later be a more advanced tax saving masterclass if you want to save the big bucks. I've saved millions of pounds using capital allowance tax savings and other tax saving strategies which are a bit more complicated, and that's coming later inside rob.teamgold. So this is the first time we've ever done this, by the way, and by the way, I'm not going to teach it even though I've done it. I'm going to get my tax specialist to teach it because he's the guy, because I have two rules when it comes to saving tax. Number 1, can I get an accountant I trust to sign it off? And number 2, will it be signed off against my tax investigation insurance? It's really important you get tax investigation insurance because if they won't sign it off and an accountant won't sign it off, you shouldn't be doing it. And I don't do anything that wouldn't be signed off by both of those two parties because then I'm 99% confident I'm going to be fine or I've got people to defend me if I need to defend myself. So this is why I'm getting this specialist accountant to come in, because he's the man and he knows all the tricks because he is one. So if you'd like to get all of this for the first time ever, actually, just join Rob.team right now. Type in Rob.team. This is something we only just really decided recently to do. You can imagine most tax accountants don't want to give away all their secrets. They want you to pay them loads of money, but I've got a good relationship with this tax accountant and people have been asking for me this, this from me a lot because here's the problem. You might think, well, there's no point going and earning a load of money because I've got to give more than half of it away in tax. And believe you me, with what you earn and then what you spend, you are paying 70% in tax, I reckon. A billionaire reckoned, a billionaire I spoke to this month, I had meetings with 3 billionaires this month, and one of them says he reckons over 80% of what you earn and spend is tax. So yeah, you definitely need this. If you've ever seen any of my lives, you've ever heard of Rob.team, or you're on the fence about Rob.team, you need to join now to get this because most of what you're earning and spending is tax. Alcohol, 80%+ tax. There's 5 different taxes in buying and owning a car, and this is not transparent. And this is what we're going to open up for you in this new tax-saving masterclass in rob.team. So, and that's offsettable, and all the things you think aren't offsettable are offsettable, but right now you can't offset them and you need to learn how. So just type in rob.team. I'll see you there. Summary: avoid the schemes, avoid the scams, avoid leaving to another country just for tax purposes because it'll end up costing you more, or you could get retrospectively fined or worse. The main thing you can do to save tax hidden in plain sight is to be self-employed or have a business, even if it's a side hustle. So go and set up a business now, get a company name and get a domain, Go get a bank account, get a merchant provider, and be live to run your own business. Then jump on the Tax Masterclass in Rob.team when we do it. It's— you'll launch in a few weeks' time, and we will go through with you everything that you can offset against tax, most of which you're paying now after tax, which means you're paying double. So see you in Rob.team. Talk to you soon. Type rob.team. This is how to beat the tax system. Oh, and by the way, I've been critical of the tax system. I think it needs major overhaul. However, it does want you to beat it when it comes to being self-employed or being an entrepreneur, because without self-employed people, small business owners, and entrepreneurs, there would be no economy, and there would be no public sector, and there would be no tax revenue. So they actually do want you to beat it, they just make it really hard for you to beat it. And we're gonna expose that and teach you that in rob.team in the new tax masterclass that's coming soon. So just type R-O-B dot T-E-A-M, now, rob.team into any webpage, I'll see you there. And remember, if you don't risk anything, you risk everything.
