stevieb Posted March 31, 2020 Share Posted March 31, 2020 1 hour ago, Traf said: What's £640 a month? Probably 80pc of directors salary... And his over heads. Quote Link to comment Share on other sites More sharing options...
Smiley Posted March 31, 2020 Share Posted March 31, 2020 1 hour ago, stevieb said: Probably 80pc of directors salary... And his over heads. In one. £800 salary @80% = £640. Quote Link to comment Share on other sites More sharing options...
Escobarp Posted March 31, 2020 Share Posted March 31, 2020 22 minutes ago, Smiley said: In one. £800 salary @80% = £640. Not being picky but should your salary not be 1k a month to use your personal allowance so 800 furloughed? Quote Link to comment Share on other sites More sharing options...
Traf Posted March 31, 2020 Share Posted March 31, 2020 1 hour ago, stevieb said: Probably 80pc of directors salary. Thank you. I just do standard self assessment, income minus expenditure = profit & pay tax on that , so I don't understand all this other dividend stuff. Quote Link to comment Share on other sites More sharing options...
Moderators Zico Posted March 31, 2020 Moderators Share Posted March 31, 2020 31 minutes ago, Traf said: Thank you. I just do standard self assessment, income minus expenditure = profit & pay tax on that , so I don't understand all this other dividend stuff. I don't understand it either, I just do what @Biggish Dave tells me to Quote Link to comment Share on other sites More sharing options...
Smiley Posted April 1, 2020 Share Posted April 1, 2020 16 hours ago, Escobarp said: Not being picky but should your salary not be 1k a month to use your personal allowance so 800 furloughed? No idea. Accountant sorts for us. Alternating furlough at 3 week intervals should be legit. So probably the route we will take. Quote Link to comment Share on other sites More sharing options...
Smiley Posted April 1, 2020 Share Posted April 1, 2020 16 hours ago, Traf said: Thank you. I just do standard self assessment, income minus expenditure = profit & pay tax on that , so I don't understand all this other dividend stuff. If you are a limited company it’s the way to pay less tax and national insurance. Quote Link to comment Share on other sites More sharing options...
Traf Posted April 1, 2020 Share Posted April 1, 2020 So tax avoidance rather than evasion? Quote Link to comment Share on other sites More sharing options...
Moderators Zico Posted April 1, 2020 Moderators Share Posted April 1, 2020 10 minutes ago, Traf said: So tax avoidance rather than evasion? Tax EFFICIENCY Quote Link to comment Share on other sites More sharing options...
Escobarp Posted April 1, 2020 Share Posted April 1, 2020 8 minutes ago, ZicoKelly said: Tax EFFICIENCY Technically by the letter of the law traf is spot on. It is classed as tax avoidance. Have to do this as mandatory training each year at work. Quote Link to comment Share on other sites More sharing options...
Moderators Zico Posted April 1, 2020 Moderators Share Posted April 1, 2020 3 minutes ago, Escobarp said: Technically by the letter of the law traf is spot on. It is classed as tax avoidance. Have to do this as mandatory training each year at work. aye, it's definitely not evasion, or illegal I take the view of it being a pay off from now not getting sick pay, paid leave or pension contributions to be perfectly honest, I assumed i'd be doing it the way traf does it had I not been advised otherwise and no one would turn round and say "no, lets do it the other way where I pay more tax please" risk and reward - go for it on your own, or sit comfortably in a 9-5 where you get paid even if you still fuck around half the time Quote Link to comment Share on other sites More sharing options...
Escobarp Posted April 1, 2020 Share Posted April 1, 2020 (edited) 2 minutes ago, ZicoKelly said: aye, it's definitely not evasion, or illegal I take the view of it being a pay off from now not getting sick pay, paid leave or pension contributions to be perfectly honest, I assumed i'd be doing it the way traf does it had I not been advised otherwise and no one would turn round and say "no, lets do it the other way where I pay more tax please" risk and reward - go for it on your own, or sit comfortably in a 9-5 where you get paid even if you still fuck around half the time Absolutely mate. And I take the Easy option nowadays by staying in employment. Limited risk but less reward potentially Edited April 1, 2020 by Escobarp Quote Link to comment Share on other sites More sharing options...
Guest Posted April 1, 2020 Share Posted April 1, 2020 Is F5 furloughed? Quote Link to comment Share on other sites More sharing options...
radcliffe white Posted April 1, 2020 Share Posted April 1, 2020 Course I’m not suggesting anyone off here is like Harry redknapp but all this self employed stuff sounds dodgy as fuck Quote Link to comment Share on other sites More sharing options...
Escobarp Posted April 1, 2020 Share Posted April 1, 2020 19 minutes ago, boltondiver said: Is F5 furloughed? No he’s doing the briefings is he not on bbc one? Unless he volunteering of course and spreading his immense knowledge around. WHO today World bank tomorrow worlds his oyster Quote Link to comment Share on other sites More sharing options...
Guest Posted April 1, 2020 Share Posted April 1, 2020 3 minutes ago, Escobarp said: No he’s doing the briefings is he not on bbc one? Unless he volunteering of course and spreading his immense knowledge around. WHO today World bank tomorrow worlds his oyster I was concerned, as a human being, that his talents might be sidelined at this time of greatest need. Thanks for the reassurance. Quote Link to comment Share on other sites More sharing options...
Escobarp Posted April 1, 2020 Share Posted April 1, 2020 1 minute ago, boltondiver said: I was concerned, as a human being, that his talents might be sidelined at this time of greatest need. Thanks for the reassurance. Word on the street is that he is in higher demand than covid-19 test kits. And bog rolls read into that what you will Quote Link to comment Share on other sites More sharing options...
Moderators Zico Posted April 1, 2020 Moderators Share Posted April 1, 2020 PL clubs furloughing non playing staff and expecting the government to pay 20%, to safeguard the future of the club, whilst the players pick up full wages There's at least 5 of them doing it including Newcastle and Spurs That's a piss take Quote Link to comment Share on other sites More sharing options...
radcliffe white Posted April 1, 2020 Share Posted April 1, 2020 Utter piss take with all that money sloshing about Quote Link to comment Share on other sites More sharing options...
Members Rudy Posted April 1, 2020 Members Share Posted April 1, 2020 13 minutes ago, ZicoKelly said: PL clubs furloughing non playing staff and expecting the government to pay 20%, to safeguard the future of the club, whilst the players pick up full wages There's at least 5 of them doing it including Newcastle and Spurs That's a piss take I can’t speak for others clubs, but a few I know of are either carrying on as normal and continuing to pay, reduce to 80% now, whatever they lose out on to be clocked up and paid back over a few months down the line. Some staff are employed by the club like myself not the management regime so I’m not affected even though I can’t work I’m lucky. But there are also a lot of agency staff at some clubs and are hired by external companies. Security, kiosk staff, waiting on staff, so they’ve been asking them to furlough through their companies and asking the government to foot the bill. It’s not directly the club. Spurs are fucked because they need to be taking gate sales to fund running that stadium. Newcastle are owned by Mike Ashley so go figure. Cant think why some of the other clubs would need to, maybe teams like Bournemouth and Burnley who run very tight financial ships. Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted April 1, 2020 Moderators Share Posted April 1, 2020 Spurs gate money wont be that high, in the scheme of things Quote Link to comment Share on other sites More sharing options...
Jol_BWFC Posted April 1, 2020 Share Posted April 1, 2020 (edited) 10 minutes ago, Casino said: Spurs gate money wont be that high, in the scheme of things According to the Sun (I know...) its £800k per match for hospitality. More than I thought. https://www.thesun.co.uk/sport/football/8941225/spurs-restaurants-tottenham-hotspur-stadium/ Edit: That doesn’t include any match ticket prices or merchandise BTW. Edited April 1, 2020 by Jol_BWFC Quote Link to comment Share on other sites More sharing options...
Members Rudy Posted April 1, 2020 Members Share Posted April 1, 2020 7 minutes ago, Casino said: Spurs gate money wont be that high, in the scheme of things Exactly. Throw in the NFL and the baseball and potential boxing matches they were gambling on bringing in and hoping the champions league would follow and they still needed to be having big gate receipts. Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted April 1, 2020 Moderators Share Posted April 1, 2020 10 games, 8 million on a turnover of over 300 million Theres no justification None at all Quote Link to comment Share on other sites More sharing options...
Members Rudy Posted April 1, 2020 Members Share Posted April 1, 2020 1 minute ago, Casino said: 10 games, 8 million on a turnover of over 300 million Theres no justification None at all Stadium cost £1b. And it’s Levy. I agree with you government shouldn’t be funding any of these huge profit making companies but that’s how they’ll spin it. Last season there was a paper published about all teams that they could play games behind close doors all season and still make a profit. What is there left 9/10 games? Quote Link to comment Share on other sites More sharing options...
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