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Reply to: Baby as a shareholder
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Previously on "Baby as a shareholder"
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Originally posted by convict View Postisn't he likely to get shafted under settlements legislation?
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Originally posted by anonymouse View Post
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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
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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.
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Sounds like a plan. Don't forget to put Harry Redknapp's dog on the payroll too.
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Baby as a shareholder
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 ?Tags: None
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