• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Footballers tax avoidance....

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    Footballers tax avoidance....

    Did anyone read about this in the Sunday papers? How does that work then?

    From what I can tell they are taking director's loans with a view to repaying them then taking the money as salary when the tax rate is reduced from 50% at sometime in the future.

    What if they took the money as a director's loan then (at some later date) left the UK and eventually became non resident for tax purposes. Could they then wind up the company and write off the loan (ordinarily meaning tax would be due on it). But as a non-resident, would they still have to pay UK tax?

    Just wondering how the filthy tax avoiders get away with it, aye.
    Free advice and opinions - refunds are available if you are not 100% satisfied.

    #2
    If you do a quick search (I think it's in general) you see it's already been discussed.

    In short the story is inaccurate.

    Edit - previous discussion
    Last edited by SueEllen; 19 January 2011, 08:03.
    "You’re just a bad memory who doesn’t know when to go away" JR

    Comment

    Working...
    X