Cos I’m the Taxman…..
by Philip
Remember the Beatles and Taxman
(if you drive a car, car;) - I’ll tax the street;
(if you try to sit, sit;) - I’ll tax your seat;
(if you get too cold, cold;) - I’ll tax the heat;
(if you take a walk, walk;) - I’ll tax your feet.
Well following a long legal case ending up in the House of Lords, we do not need to add an extra line to the song,
(if your spouse draws dividends from a Limited Company)-I’ll tax that as your income
Yes I know it’s not quite up there as a lyric with John and Paul’s but thankfully the extra line in the lyric will not be necessary as the House of Lords has ruled that wives who draw dividends from a Limited Company should have those dividends taxed as their own income rather than their husband’s, where both spouses own the share capital of the limited company. Quite right too! Read about it here.
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George Harrison wrote Taxman, not John and Paul.
Tom said at April 23rd, 2008 at 5:45 pm