BBC presenter made to pay £420,000 in HMRC clampdown | Daily Mail Online
Christa Ackroyd, 60, has to pay back £419,151 after HMRC clamped down on a tax loophole used by freelancers.
Self-employed people work through their own limited companies, which allows them to pay a lower rate of tax. An individual earning £50,000-a-year through a limited company can pay just £2,000, compared to £13,000 of someone in employment.
And the comments...
Utter rubbish! double rate? More like quadruple...
Christa Ackroyd, 60, has to pay back £419,151 after HMRC clamped down on a tax loophole used by freelancers.
Self-employed people work through their own limited companies, which allows them to pay a lower rate of tax. An individual earning £50,000-a-year through a limited company can pay just £2,000, compared to £13,000 of someone in employment.
And the comments...
This happens all the time! So many contractors especially in IT are employed for years on end at the same company in the same job,earning double the rate of employed colleagues and paying less tax. HMRC are useless about enforcing ir35 and people get away with it and companies love it because they can hire and fire contractors at will.
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