SARS CoV-2 coronavirus / Covid-19 (No tin foil hat silliness please)

Dr. Dwayne

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Yes, designed from scratch and they aim to start production next week. A consortium led by Airbus is also waiting for permission to start manufacturing an existing design in the same time frame.

I remember everybody being insistent it would take months.
People seem to forget how things were done in WWII.

Many manufactures at that time changed their production to weapons of war including General Motors, IBM and Inglis, This was done quickly and effectively. It actually doesn't take a lot for them to reset and being producing something else.
 

F-Red

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According to the Department of Health and Social Care, these are only the results from 9am yesterday until 5pm yesterday, not the results from today. Very bad day yesterday :(
I had a gut feel that yesterday's numbers were low for a reason, and given the timing of this information. I expect Boris to announce some further measures on Friday to ensure that the weekend public aren't all out & about at the same time. What we're seeing could be an impact of last weekend's lack of social distancing.
 

arnie_ni

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Oh and if I could pay myself a better regular wage, I 100% would.

Try getting loans or mortgages as a Ltd director whilst doing doing everything above board.
Yea they actually ignore dividends dont they?

Its a problem as an accountant. Most just want the cheapest way which is small salary and dividend top up, but that causes its own problem.
 

bonothom

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I'm having a hard time getting my head around this 'not essential' malarcky. Surely the most important thing is social distancing, which is exactly what these schmucks are doing all the way up in the mountains. Them being there might even free them up from walking dogs in more crowded places.

Am I wrong here?

Edit: Assuming they have to go out and walk the dog, which I believe is covered in the T&Cs
Doing nothing wrong in my eyes. They are social distancing. People walking their dogs in the countryside is not spreading the virus. It's spreading rapidly in London because thats where there is the most concentration of people especially on public transport.
 

Rado_N

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Oh and if I could pay myself a better regular wage, I 100% would.

Try getting loans or mortgages as a Ltd director whilst doing doing everything above board.
I can refer you to an excellent mortgage broker if you need mate, drop me a PM.
 

Utdstar01

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So how are Germany managing to test so many yet we struggle to even test 10k a day?
 

Brwned

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They’ll pay lower rates of tax but it’s not tax avoidance which generally refers to contrived arrangements with the sole intention of sheltering income from tax.

Company shareholders receive dividends based on the performance of the company they own. It’s a perfectly reasonable setup and implying they’re doing something wrong is unfair.
The people who do it with the primary motivation of paying less tax - as opposed to business operations reasons like @Redlambs - should receive fewer benefits from the government. That seems fair enough, right?
 

Wolverine

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So how are Germany managing to test so many yet we struggle to even test 10k a day?
Its not testing by choice. Struggling to imagine what the rationale would be especially by not testing healthcare staff
Them not giving a timeline for the 3.5 million tests for antibodies is bizarre too. I get that it will need to be trialled first, but they've mentioned it being a priority without mentioning the timescale. Utterly bizarre and reckless, people who are immunocompromised and who are vulnerable are being given this thing to them due to the dithering.
 

Rado_N

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The people who do it with the primary motivation of paying less tax - as opposed to business operations reasons like @Redlambs - should receive fewer benefits from the government. That seems fair enough, right?
I doubt many people get into running their own businesses with tax as their sole motivation. People need to stop pretending that these things are simple and black/white.
 

duffer

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Dumb question: why is early detection helping to keep the death rate low? Seeing as there's no vaccine yet, is there a certain medicine people with the virus are given to slow its spread in the body?
If it's detected early, those people can be isolated and not spread it to others. The fewer people who have it, the fewer people will die.
 

F-Red

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Dumb question: why is early detection helping to keep the death rate low? Seeing as there's no vaccine yet, is there a certain medicine people with the virus are given to slow its spread in the body?
All of the figures have varying degrees of testing at different stages. Germany is testing plenty, finding mild symptoms of the disease, those people recovering and therefore lower death rate. Compare it to the UK that is testing is only happening for those which need medical assistance, which in some cases lends itself to a more serious outcome in terms of the death rate.
 

Fingeredmouse

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Dumb question: why is early detection helping to keep the death rate low? Seeing as there's no vaccine yet, is there a certain medicine people with the virus are given to slow its spread in the body?
Early detection and tracing those in contact allows for targeted control of disease spread.
 

Redlambs

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The people who do it with the primary motivation of paying less tax - as opposed to business operations reasons like @Redlambs - should receive fewer benefits from the government. That seems fair enough, right?
Even if thay was fair, which it is, this isn't it.

It's exactly the same as the fecking benefits system being much harder for genuine people to recieve help nowadays all so the Tories can make it that way under the banner that some screw the system so feck everyone.

Yet funny how that people can act all high and mighty about, but this is just desserts.

And through it all, as always, the real cheats who actually make a tax difference are the ones this won't affect. We never learn, ever.
 

Dve

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A study from Oxford suggests that the virus spread from China one month earlier than first assumed, and that as much as half the English population already could be infected, and that most people have very small - or no symptoms at all. The study relies on computer modelling on numbers from Italy and England.

The researches behind this study do warn, however, that this is computer modelling, and not hard evidence. We need studies on a representative selection of the population and find out how many actually are infected, and how many have been infected by the virus. This can be done by blood testing, as there will be antibodies to the virus in your blood if you had it.

https://www.ft.com/content/5ff6469a-6dd8-11ea-89df-41bea055720b

On Iceland, The Icelandic genetics company DeCode Genetics, reports to have tracked 40 mutations of the coronavirus in Iceland. They suggest that the virus is acting more like the flu, by becoming more infectious, but less harmfull with time, - which, according to them, is typical for viruses.

https://www.information.dk/indland/...ationer-coronavirus-alene-paa-island?lst_frnt

There is still so much we don´t know about this virus, but if the Oxford study can be backed up with real findings, that would be a total game changer. It would mean normal life and football soon to return.
Here are things to consider regarding the Oxford study I mentioned:
https://www.wired.co.uk/article/coronavirus-infections-oxford-study-immunity
 

Sandikan

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I know lives are being ruined but everyone on Twitter complaining they’re not getting money because they’ve been tax avoiding for the past few years via dividend payments instead of taking a wage. Hopefully they have some good savings behind them.
Are people really on twitter, posting under their real names, admitting they've been cheating the tax system?!
 

United58

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If it's detected early, those people can be isolated and not spread it to others. The fewer people who have it, the fewer people will die.
All of the figures have varying degrees of testing at different stages. Germany is testing plenty, finding mild symptoms of the disease, those people recovering and therefore lower death rate. Compare it to the UK that is testing is only happening for those which need medical assistance, which in some cases lends itself to a more serious outcome in terms of the death rate.
Early detection and tracing those in contact allows for targeted control of disease spread.
That makes a lot of sense, I was thinking about early medication for the victim and not spreading it. Cheers
 

Redlambs

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I doubt many people get into running their own businesses with tax as their sole motivation. People need to stop pretending that these things are simple and black/white.
It's actually harder to do than people think.

Sure cash in hand and all that, but as a proper business it's really not easy unless you go looking for it and have the money in the first place to be more 'creative'.


And I appreciate the offer my friend, I'll keep in in mind. I genuinely don't know where I stand right now (hence getting a little more wound up about ignorance on here than usual!), so a mortgage is out of the question until the dust settles. But I honestly do appreciate it
 

Brwned

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I doubt many people get into running their own businesses with tax as their sole motivation. People need to stop pretending that these things are simple and black/white.
Sure, they don't start up their businesses to pay less tax. They do choose to register as a Ltd. company rather than as a sole trader to pay less tax, though. That one fundamental decision is made for that singular reason, in many cases.
 

Rado_N

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Sure, they don't start up their businesses to pay less tax. They do choose to register as a Ltd. company rather than as a sole trader to pay less tax, though. That one fundamental decision is made for that singular reason, in many cases.
Nope. What the “ltd” stands for is a big hint as to the main reason most people do that, as well as the ability to retain reserves with the company for cashflow etc rather than everything being taxed on a “look through” basis such as with an LLP.
 

Redlambs

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Sure, they don't start up their businesses to pay less tax. They do choose to register as a Ltd. company rather than as a sole trader to pay less tax, though. That one fundamental decision is made for that singular reason, in many cases.
I honestly wish I was a sole Trader. Not an option when I started, but that and being VAT registered (which I want to drop) is a nightmare.

People don't realise the stress of big tax bills 5 times a year is over saving a little bit. Even then, Vat doesn't actually save me feck all, I actually end up paying to be a tax collector :lol:
 

Redlambs

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Nope. What the “ltd” stands for is a big hint as to the main reason most people do that, as well as the ability to retain reserves with the company for cashflow etc rather than everything being taxed on a “look through” basis such as with an LLP.
Yes, being able to manage the flow is the biggest reason for me.

People who think it's saving money have never been hit with corperation tax :lol:
 

arnie_ni

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I honestly wish I was a sole Trader. Not an option when I started, but that and being VAT registered (which I want to drop) is a nightmare.

People don't realise the stress of big tax bills 5 times a year is over saving a little bit. Even then, Vat doesn't actually save me feck all, I actually end up paying to be a tax collector :lol:
PM if you want any advice on your vat issue..
 

Brwned

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Nope. What the “ltd” stands for is a big hint as to the main reason most people do that, as well as the ability to retain reserves with the company for cashflow etc rather than everything being taxed on a “look through” basis such as with an LLP.
Yeah there are business reasons to choose to be an Ltd. Loads of people also do it purely to pay less tax. I'm a freelancer and I know a lot of people in an identical position to me that chose to become an Ltd for that reason. Lots of friends and coworkers that had no other motivation but that. My uncle's a financial adviser who tried to sell me on the idea, and he has hundreds of clients who do it simply for that benefit. It's not just me buying the government line, I do have genuine - if limited - experience of it, as I imagine you do.

Neither of us have the numbers on how many people that applies to, but the idea that paying less tax isn't the sole motivation for many people is just untrue. IR35 was going to effect nearly 200k people who chose that particular path for that reason alone.
 

Rado_N

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Yeah there are business reasons to choose to be an Ltd. Loads of people also do it purely to pay less tax. I'm a freelancer and I know a lot of people in an identical position to me that chose to become an Ltd for that reason. Lots of friends and coworkers that had no other motivation but that. My uncle's a financial adviser who tried to sell me on the idea, and he has hundreds of clients who do it simply for that benefit. It's not just me buying the government line, I do have genuine - if limited - experience of it, as I imagine you do.

Neither of us have the numbers on how many people that applies to, but the idea that paying less tax isn't the sole motivation for many people is just untrue. IR35 was going to effect nearly 200k people who chose that particular path for that reason alone.
Sure there’s always going to be a few cases as with everything but the general point which started this discussion is that people unreasonably tar all company director/shareholders with the same brush.

As for IR35 that’s just classic HMRC using an apache to swat a fly and catching enormous amounts of collateral damage.