Interesting one! Thanks


tax law is far too confusing for half past ten at night !

any idea what loophole these companies use that offer to pay contractors 90 % of their salary ?
they are understandably very cagey about explaining exactly what loophole they are exploiting on their websites. was wondering if anybody had any more info![]()
I think he needs to get out of radio and off of all things remotely related to comedy on the TV.
Unfortunately 9 million other license payers dont agree.
Maybe radio 2 is more your thing (whose breakfast show host is also on £500,000 a year plus)
That is why the BBC has more than 1 radio station after all..
What you think that I do not like the music played on Radio 1 but I do on Radio 2?
Perhaps I just do not like the DJ?
Perhaps?

I found one that was using some kind of discretionary trust arrangement, whereby the trustees would make loans to the employees. The effective tax on a beneficial loan is very low.
There are numerous holes in it though. For starters, while the trust may claim to be discretionary, that wouldn't stand up to any scrutiny, as the loans made to the employees are clearly not being made at the discretion of the trustees, but are determined entirely by the work done. Frankly, I don't see the point of the trust element there. Furthermore, at some point you will either have to repay the loan or the trust will have to write it off so that it becomes yours. If the trust is in the habit of writing off employment related loans then it's not much of a leap for HMRC to point out that it's clearly earnings and tax it.
Now, I could be missing something big here, as trusts are desperately complex beasts, and no doubt someone cleverer than me has devised these schemes and knows some trick... However, at the end of the day, regardless of how clever it is, all HMRC have to do is throw anti-avoidance legislation at you and you're screwed no matter how clever you are. The entire object of these schemes is clearly to avoid tax, and once HMRC come at you on that basis there is nothing you can do. They will take a look at the scheme, remove all the unnecessary steps and say "Well, he's being paid for his work carried out under employment" and they'll tax your income as employment income.

Anyone that isn't Sara Cox or Moyles.
If you like him then fair play.
you'd rather have Scott "off of hampshire" Mills doing the breakfast show ?
If anything i find his constant attempts to be seen as "street" to the chavs even more annoying than moyles low brow humour.

Where did I say I like Scott Mills?
Too many DJ's are worked up about promoting themselves rather than the music.
All BBC stations are the same and the DJ gets in the way all too often.