Baby as a shareholder

[convict]

yes. I missed that thread. found it now, thanks.

[TheCyclingProgrammer]

isn't he likely to get shafted under settlements legislation?

Did you completely miss the other thread on this? The short answer is...maybe not, depends on how good the advice he was given was.

[convict]

BBC's Jeremy Vine made daughter Martha a company shareholder to lower tax bill | Daily Mail Online

isn't he likely to get shafted under settlements legislation?

[anonymouse]

It can be done with a 10 year old, not sure about a baby.

BBC's Jeremy Vine made daughter Martha a company shareholder to lower tax bill | Daily Mail Online

[convict]

1. you don't "employ" someone to become a shareholder. Employment and shareholding are two different things. E.g. Do you think that everyone with shares in BT works for them?
2. you don't employ babies, unless you don't care about child labour laws.
3. yes it would raise a red flag
4/5/6. how would you do RTI/PAYE, NI number, don't be so stupid.

[Alan @ BroomeAffinity]

Sounds like a plan. Don't forget to put Harry Redknapp's dog on the payroll too.

[tarbera]

Can I employ a baby as a shareholder and pay her £50 a week

Her job would to be to rip up any letters from HMRC

Would this raise red flags at HMRC or would I even notice since it's the baby's job to rip up any letters ?