+ Reply to Thread
Posts 1 to 3 of 3
  1. #1

    Should post faster


    Join Date
    May 2015
    Location
    Manchester
    Posts
    146
    Thanks (Given)
    0
    Thanks (Received)
    11
    Likes (Given)
    44
    Likes (Received)
    38

    Default HMRC advises of new tax avoidance scheme!

    Payment in way of redeemable loyalty points https://www.gov.uk/guidance/disguise...e-spotlight-37

  2. #2

    Double Godlike!


    Join Date
    Dec 2012
    Posts
    10,358
    Thanks (Given)
    754
    Thanks (Received)
    741
    Likes (Given)
    4919
    Likes (Received)
    2853

    Default

    Quote Originally Posted by Michael at BI Accountancy View Post
    Payment in way of redeemable loyalty points https://www.gov.uk/guidance/disguise...e-spotlight-37
    The contractor becomes an employee of an umbrella company and is then paid in two parts. The first part is a small basic wage with little or no tax and NICs deducted. The second part of the payment is used to advertise the contractor’s services on a job board.

    They immediately receive loyalty points in return for keeping their details on the job board. The loyalty points can be cashed in by the employees shortly after, with no deductions made for tax or NICs. The contractor usually has to pay a large fee to the third party running the job board.


  3. #3

    Some things in Moderation

    cojak's Avatar
    Join Date
    Jul 2005
    Location
    Look to your right...
    Posts
    17,722
    Thanks (Given)
    443
    Thanks (Received)
    926
    Likes (Given)
    3926
    Likes (Received)
    2583

    Default


+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Content Relevant URLs by vBSEO 3.6.0 ©2011, Crawlability, Inc.