I'm in.

Who else?

1 hour ago, stevieb said:

Probably 80pc of directors salary... And his over heads. 

In one. 
£800 salary @80% = £640. 

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?

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.

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

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. 

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. 

So tax avoidance rather than evasion?

10 minutes ago, Traf said:

So tax avoidance rather than evasion?

Tax EFFICIENCY

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. 

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

 

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, 20206 yr by Escobarp

Is F5 furloughed?

Course I’m not suggesting anyone off here is like Harry redknapp

but all this self employed stuff sounds dodgy as fuck

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 

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.

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 

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

Utter piss take with all that money sloshing about 

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. 

Spurs gate money wont be that high, in the scheme of things

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, 20206 yr by Jol_BWFC

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. 

10 games, 8 million on a turnover of over 300 million

Theres no justification

None at all

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?

10 hours 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

The Government has closed businesses down, so it is right that the government sorts it out.