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VinceUlike

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1VinceUlike Empty VinceUlike Sat Oct 29 2022, 14:50

Ten Bobsworth


Frank Worthington
Frank Worthington

Our special friend's been following events even more closely of late.

He's probably miffed that Kwazy Kwarty isn't Chancellor of the Exchequer any longer. He could do with a few more tax breaks. That barsteward Sunak shut the door on one of his favourite dodges. Sadly Vinny had already maxed out on the £10million 'entrepreneurs relief' before Rishi decided that £10 million was £9million too generous.

2VinceUlike Empty Re: VinceUlike Sun Oct 30 2022, 10:39

Ten Bobsworth


Frank Worthington
Frank Worthington

Just in case you hadn’t figured it out, the shy, self-effacing, public spirited Vince got away with 10% tax on the £10million he took out of Egotricity in interest-free loans. Or at least he tried to. It is possible that HMRC challenged it all.



Last edited by Ten Bobsworth on Sat Feb 04 2023, 12:09; edited 1 time in total

3VinceUlike Empty Re: VinceUlike Tue Nov 01 2022, 13:17

Ten Bobsworth


Frank Worthington
Frank Worthington

It still says the same on the Egotricity website:

'What makes us different is that we have no shareholders. So, instead of paying dividends we invest your bills in building new forms of green energy.'

Its bullshit, of course, but what would you expect?

They don't have 'no shareholders'. They have just one.

And they don't pay dividends because folk who receive dividends have to pay income tax and, if the amounts are big so is the tax (45%). Vince pays income tax but only on a fraction of the money he takes out of Egotricity.

He prefers capital gains taxed at only 20%. Until that stingy barsteward Sunak stepped in, you could get away with 10% on the first £10million. Guess who did (or at least tried to)?

So what about The Electric Highway and this £74million? How many shareholders did that company have? Only one at first until 49% of the shares owned by Egotricity were switched into the name of Vince.

Isn't that going to leave a load of lucre in Vinny's hands? You bet. I wonder where it will all go.

4VinceUlike Empty Re: VinceUlike Mon Nov 14 2022, 13:06

Ten Bobsworth


Frank Worthington
Frank Worthington

I watched a bit of Cousin Vinny on Youtube this morning.

He was appearing before some parliamentary select committee and seemed to have had his hair done specially for the occasion. I expect he must have thought he looked nice in front of the mirror.

Anyway he was telling them that all they needed to do to solve our energy crisis was spend £50billion on his grass clippings idea.

Unfortunately I seem to have missed the bit where the MPs asked him how much taxpayers' money he'd had already.

Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes

5VinceUlike Empty Re: VinceUlike Fri Dec 09 2022, 10:16

Ten Bobsworth


Frank Worthington
Frank Worthington

I wonder if Auntie Sharon's still pally with her photo-fetish friend at FGR who seems to have taken BWFC for £500K after selling Christian Doidge to Hibs for £350K. Was he even worth that?

Vince has been busy on Twitter this week. When isn't he, but apparently the man who has no interest in money or possessions but lives in a £3m fortified mansion, has been drawing a million quid a year in interest-free loans from Ecotricity and could give lessons on tax dodging to TaxdodgersRus reckons that 'the government are world class hypocrites'.

Discuss.

6VinceUlike Empty Re: VinceUlike Fri Dec 09 2022, 11:00

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse

Ten Bobsworth wrote:

Discuss.

7VinceUlike Empty Re: VinceUlike Fri Dec 09 2022, 12:06

Ten Bobsworth


Frank Worthington
Frank Worthington

WS63 is right in one thing. Nuts is pretty boring but it does help keep a compact caucus of commies in a cocoon of incognizance.

8VinceUlike Empty Re: VinceUlike Fri Dec 09 2022, 12:14

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse

Ten Bobsworth wrote:WS63 is right in one thing. Nuts is pretty boring but it does help keep a compact caucus of commies in a cocoon of incognizance.
Smoke me a kipper, I'll be back for breakfast.

9VinceUlike Empty Re: VinceUlike Mon Dec 12 2022, 15:09

Ten Bobsworth


Frank Worthington
Frank Worthington

boltonbonce wrote:
Smoke me a kipper, I'll be back for breakfast.

Kippers? Slippers? Is their no end to your self-interested indulgencies, Boncey?

Meanwhile the robinsnestforum's proving more fertile ground. Over 12,000 views now on its VinceUlike equivalent.

https://www.robinsnestforum.co.uk/viewtopic.php?t=30491&start=175

10VinceUlike Empty Re: VinceUlike Mon Dec 12 2022, 15:22

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse

11VinceUlike Empty Re: VinceUlike Mon Dec 26 2022, 09:49

Ten Bobsworth


Frank Worthington
Frank Worthington

boltonbonce wrote:
Smoke me a kipper, I'll be back for breakfast.

Rodborough Fort used to be a garrison for 250 men with 32 canons keeping law and order in the countryside and protecting taxpayers from highwaymen like Rishi Sunak.

Built in 1760, there had originally been a Roman fort on the site but about 12 years ago it was taken over by Vincius I as the seat and stronghold of his vegan empire.

I expect that as a committed vegan yourself, Boncey, you will know this already but not everyone does and this thread is devoted to those who want to learn more about Vincius and how, for years, he seems to have thwarted the efforts of the Treasurymen.

Vincius is due to visit the Reebok next month, a stronghold that Vincius threatened to obliterate less than four years ago. What kind of reception will he get from Auntie Sharon this time round?

12VinceUlike Empty Re: VinceUlike Mon Dec 26 2022, 11:09

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse

Ten Bobsworth wrote:

Rodborough Fort used to be a garrison for 250 men with 32 canons keeping law and order in the countryside and protecting taxpayers from highwaymen like Rishi Sunak.

Built in 1760, there had originally been a Roman fort on the site but about 12 years ago it was taken over by Vincius I as the seat and stronghold of his vegan empire.

I expect that as a committed vegan yourself, Boncey, you will know this already but not everyone does and this thread is devoted to those who want to learn more about Vincius and how, for years, he seems to have thwarted the efforts of the Treasurymen.

Vincius is due to visit the Reebok next month, a stronghold that Vincius threatened to obliterate less than four years ago. What kind of reception will he get from Auntie Sharon this time round?
Didn't he play for Real Madrid? Or was that Charlie Chester?

13VinceUlike Empty Re: VinceUlike Mon Dec 26 2022, 11:28

Ten Bobsworth


Frank Worthington
Frank Worthington

boltonbonce wrote:
Didn't he play for Real Madrid? Or was that Charlie Chester?
Close Boncey but you seem to be thinking of Vinicius Junior sometimes known as Vini Junior.

 Emperor Vincius is sometimes known as Cousin Vinny and is a close friend of Auntie Sharon.

14VinceUlike Empty Re: VinceUlike Mon Dec 26 2022, 11:57

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse

Ten Bobsworth wrote:
Close Boncey but you seem to be thinking of Vinicius Junior sometimes known as Vini Junior.

 Emperor Vincius is sometimes known as Cousin Vinny and is a close friend of Auntie Sharon.
You must mean the bloke who dresses in bin liners.

15VinceUlike Empty Re: VinceUlike Mon Dec 26 2022, 12:50

Ten Bobsworth


Frank Worthington
Frank Worthington

boltonbonce wrote:
You must mean the bloke who dresses in bin liners.

Heavy duty. He gets 'em at ASDA

https://en-gb.facebook.com/ukcomedyfans/videos/phoenix-nights-black-bin-bags/2144740472513210/

16VinceUlike Empty Re: VinceUlike Tue Dec 27 2022, 10:15

Ten Bobsworth


Frank Worthington
Frank Worthington

boltonbonce wrote:
You must mean the bloke who dresses in bin liners.
Jokin' aside, Boncey, Cousin Vinny is nowt if not a dedicated follower of fashion. 

I understand our trendy sexagenarian was at some fashion event t'other week and chose for the occasion a natty black and white camouflage jump suit. It was sure to make 'im stand out from the tuxedo troopers but must have cost 'im an arm and a leg at Dobber Clobber.

17VinceUlike Empty Re: VinceUlike Wed Dec 28 2022, 09:36

Ten Bobsworth


Frank Worthington
Frank Worthington

I've sometimes wondered what persuaded Boncey that Eddie Davies wasn't the ruthless businessman described by Sam Allardyce or the usurious moneylender and Scrooge-type character as portrayed respectively by Conn of the Guardian and Iles of the Beeno.

None of these people have ever really come close to explaining themselves but it was the events leading up to Eddies death that seemed to get some folk thinking a bit more than they had previously and that brought Dale Vince onto the Bolton radar.

Some may remember that it was on the very last day of the two and a half-year extended period for repayment of the Blumarble loan that Ken Anderson did a deal with Dale Vince over Christian Doidge whilst asking Eddie to stump up another £5million to pay off Blumarble. Imagine how well that went down with Eddie and Sue Davies whilst they were on holiday in Portugal.

But after a few days deliberating Eddie did stump up another £5million before sadly dying two or three days later. There was no Ken Anderson, Dean Holdsworth or Sam Allardyce at the memorial service but Iles was there, lurking in the background as I remember.

It was about 18 months earlier that the Daily Telegraph first took a look into the affairs of Dale Vince. Guardian readers would hate it but the Telegraph did a decent enough job though there were things they didn't know and couldn't have known.

Unfortunately, there's been no follow up by the Telegraph or anyone else but lets take a look at what the Telegraph reported, with apologies to those who have seen this before.

14 February 2015

“Dale Vince has done all right for a former hippy. Reckoned to be Britain’s wealthiest green energy tycoon, he lives in a castle, drives a £750,000 electric sports car and sits on a fortune worth more than £100 million. Not content with saving the planet, last week he rode to Ed Miliband’s rescue too. Just as the Labour leader was reeling from accusations he had deserted British business, Mr Vince intervened.

Through his green energy company Ecotricity, Mr Vince donated £250,000 to Labour’s election campaign. In so doing he became the most prominent entrepreneur to back Mr Miliband’s Labour Party.

A Telegraph investigation into Mr Vince’s financial dealings suggests he has reason to be grateful to the Labour Party – and in particular Mr Miliband, who ran the Department of Energy and Climate Change for two years during Gordon Brown’s premiership.

An examination of official government data shows Ecotricity presently receives in the region of £6 million a year through a generous subsidy introduced by Labour to encourage renewable energy projects. In total, Ecotricity, which Mr Vince wholly owns, has been paid £36m in subsidies since 2002, when the scheme began, and which Mr Miliband oversaw as Climate Change Secretary from 2008.

The subsidy is added to household electricity bills and paid by consumers, pushing up bills for all households. It is probably fair to say Mr Vince has earned more from the Labour-introduced subsidy than any other individual in the UK. Ecotricity’s accounts show a huge empire being built by Mr Vince. The business owns 19 wind farms, mainly in England, two solar parks, and an online retailer selling eco-products. The company supplies electricity to more than 150,000 customers and, according to the last available accounts for the 12 months to April 2014, enjoyed a turnover of £70 million. Ecotricity also owns a football club, which has banned the sale of meat pies and burgers at half time, and even its own “eco car” business, including the manufacture of an electric sports car, called Nemesis, which Mr Vince has used as his runabout.

The car cost £750,000 to make, more than half of it paid for by the UK taxpayer through a technology grant made under the last Labour government. A new wind farm being planned by Ecotricity in Lincolnshire will be the fourth largest in England and is expected, in the future, to earn Mr Vince a further estimated £4.75 million a year in consumer subsidy. An analysis of Ecotricity’s wind farms and solar parks shows just how much Mr Vince has benefited from Labour’s generous subsidies.

The Renewable Energy Foundation (REF), a think tank that is critical of the scale of subsidies, examined data on electricity output produced by Ecotricity over the past 13 years since the Renewables Obligation scheme was set up to encourage the subsequent growth in wind farms. The scheme effectively allows onshore wind turbine owners to charge double for the electricity they produce. Data available to the think tank shows the subsidy for Ecotricity’s wind farms and solar parks has cost consumers almost £50 million in 13 years, of which £40 million has been paid out since 2008, when Mr Miliband was put in charge of energy and climate change policies.

The faster growth in recent years is reflected in additional wind turbines built by Ecotricity in that period. Dr John Constable, REF’s director, said: “We estimate that Ecotricity’s wind turbines have cost consumers about £48 million pounds in subsidy since 2002 when the Labour government introduced the Renewables Obligation scheme. "They are currently costing consumers about £6 million a year in subsidy, but this will rise to over £10 million a year when work is completed on the consented Heckington Fen wind farm, which will be one of the largest wind farms in England.” Accounts posted by Ecotricity show its six directors – including Mr Vince and his second wife Kate – earned more than £800,000 between them.

But Mr Vince has also received more than £3.1 million from his company in the form of an interest-free loan. One City accountant who studied the Ecotricity accounts said Mr Vince would be taxed on the interest-free loan as a benefit in kind of about £60,000 – far less than if he had received such a sum as a salary and been charged the top rate of income tax on it. The accounts do not state what the loan to Mr Vince was for – nor offer an explanation as to why no interest was charged on it. A tax barrister said one explanation for the loan was it allowed Mr Vince to “delay” paying tax on what is effectively his income.

Mr Vince must repay the loan at some point or else face an income tax demand at the top rate of 45 per cent while his company will be charged corporation tax if he does not repay the loan within a certain period.

Jolyon Maugham QC said: “Loans to directors are relatively commonplace. Sometimes they’re used as a soft alternative to third-party borrowing. But they can also be used to delay a tax liability on what is essentially income. If the loan isn’t repaid within nine months, there’s usually a corporation tax of 25 per cent on the lender.”

The money may be needed to fund a potentially expensive court case in which Mr Vince, 53, is being sued by his first wife over their divorce settlement 22 years ago. Kathleen Wyatt, 56, claims she is owed maintenance payments and compensation despite being divorced in 1992 when they were both poverty-stricken.

The case is to go before the Supreme Court in what would be a groundbreaking ruling. An Ecotricity spokesman said the money was being used for “family stuff”. The Ecotricity accounts for 2009 show Mr Vince sold to Ecotricity, which he completely owns, the rights to use the name Ecotricity. The transaction earned Mr Vince a further £3 million. A year later, Mr Vince bought an 18th-century castle in Gloucestershire, close to the company headquarters in Stroud, for £2.8 million.

Mr Vince, the son of a road haulier, left school at 15. He joined a hippy convoy and lived in a truck until realising the possibilities of making electricity – and a living – out of wind turbines. His business began in the Nineties with the deregulation of the electricity supply industry but boomed under the Labour government. In announcing the £250,000 donation to Labour, Mr Vince said: “We’re putting our money where our heart is – we’ve watched the Coalition Government systematically undermine not just the renewable energy industry in Britain but the whole green economy. We feel compelled to act.”

Under pressure from Conservative backbenchers, the Coalition has cut back on subsidies to wind farms in the past two years while applications to build new wind farms have been regularly refused under a change in planning rules. Wind farm developers can expect a much more favourable environment should Mr Miliband be elected Prime Minister. In 2009, when secretary of state, he said opposing wind farms should be as “socially unacceptable” as “not wearing your seatbelt or driving past a zebra crossing”. Opponents of wind farms have argue they are expensive, unreliable and unsightly. Owen Paterson, the former environment secretary, questioned Ecotricity’s donation to Labour and said he feared policies to slow down the growth of wind farms would be reversed under a Labour government. He said that would lead to increased electricity bills for the poorest households, forced to pay extra for higher green energy subsidies. “It is odd that Mr Miliband is involved in this expensive redistribution,” he added. Martin Hill, Conservative leader of Lincolnshire County Council, who opposed Ecotricity’s plans for 22 turbines, each 410ft tall, at Heckington Fen, also questioned the Ecotricity donation. “Are they trying to buy policy through the Labour Party?” he asked. Ecotricity was granted planning permission in 2013 for Heckington Fen but construction on the site has yet to begin.

The company said last year it was trying to overcome a problem with installing a technology to ensure the turbines do not affect aircraft radar in the area. The turbines cannot be built unless the technology is in place, jeopardising a wind farm that would be by far the largest in Ecotricity’s portfolio.

A spokesman for Mr Vince said: “We can confirm that £3.2 million has been loaned to Dale Vince by Ecotricity Group Ltd in the form of director’s loans. Company tax was paid on this amount at 25 per cent by Ecotricity to HMRC, and Mr Vince personally paid income tax on the benefit-in-kind. The loan is expected to be repaid in the next 12 months.” The spokesman said Ecotricity had received £36 million in subsidy payments since 2002 but that had helped to fund the £100 million-plus cost of building 55 “windmills”. The spokesman said the subsidy for onshore wind represented excellent value to consumers.

“Onshore wind adds less than £10 to the average UK energy bill, which compares well to the £85 paid by each household each year to support the decommissioning of existing nuclear power stations,” he said.



Last edited by Ten Bobsworth on Wed Jan 24 2024, 10:20; edited 1 time in total

18VinceUlike Empty Re: VinceUlike Wed Dec 28 2022, 23:37

Ten Bobsworth


Frank Worthington
Frank Worthington

Conn of the Guardian was on University Challenge tonight. Fashionably unshaven Rolling Eyes , he wasn't much use and his York University alumni team lost to Hull.

Just thought I'd mention it.

Come on Boncey, tell us when you stopped believing Allardyce, Conn and Iles.

19VinceUlike Empty Re: VinceUlike Thu Dec 29 2022, 08:31

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse

Ten Bobsworth wrote:Conn of the Guardian was on University Challenge tonight. Fashionably unshaven  Rolling Eyes , he wasn't much use and his York University alumni team lost to Hull.

Just thought I'd mention it.

Come on Boncey, tell us when you stopped believing Allardyce, Conn and Iles.
I won't go into details, but it started with a visit to see our boss  on the IoM. You didn't say no to a summons.During our visit, there was an issue with the big man's hotel.
It caught fire, doing millions of pounds worth of damage. Nothing to do with me mush.
During our two day spell we met quite a few notable people, of which there are many on the island, and one of them in particular, impressed me no end. It wasn't the boss.
I'll leave it at that.

20VinceUlike Empty Re: VinceUlike Thu Dec 29 2022, 09:24

Ten Bobsworth


Frank Worthington
Frank Worthington

boltonbonce wrote:
I won't go into details, but it started with a visit to see our boss  on the IoM. You didn't say no to a summons.During our visit, there was an issue with the big man's hotel.
It caught fire, doing millions of pounds worth of damage. Nothing to do with me mush.
During our two day spell we met quite a few notable people, of which there are many on the island, and one of them in particular, impressed me no end. It wasn't the boss.
I'll leave it at that.

Thanks Boncey. I know the hotel well. One day I was sitting in its lobby waiting for Lady Bobsworth to join me when who should walk through the front door but Phil Gartside. I recognised him instantly and he me but I think he was trying to place the face.

It was only the year before that that he'd invited me to pre-match lunch with him in what is now called the Eddie Davies Suite in recognition of the near £200m Eddie spent on the club.

We had a long chat. I'll leave it at that.

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