http://www.dailymail.co.uk/news/arti...ge-50-tax.html
Many of the BBC's best-paid presenters are classing themselves as freelancers to avoid tens of thousands of pounds in tax.
Big-name stars such as Jeremy Paxman, Fiona Bruce and Emily Maitlis have set up companies to channel their earnings, which will save them from having to pay the new 50 per cent income tax rate on salaries over £150,000.
The BBC is accused of encouraging the arrangement, which saves it millions of pounds a year in employer's national insurance payments, levied at 12.8 per cent of any salary.
More than 20 BBC presenters who are classed as freelance have set up service companies for their earnings.
Service companies pay a corporation tax of as little as 21 per cent on their profits, which can then be paid to the presenter as a dividend - again taxed at a lower rate.
Presenters using a service company can also defer tax and make use of large expenses allowances.
Shame that HMR&C are too busy chasing IT contractors to take any notice of the above?
Many of the BBC's best-paid presenters are classing themselves as freelancers to avoid tens of thousands of pounds in tax.
Big-name stars such as Jeremy Paxman, Fiona Bruce and Emily Maitlis have set up companies to channel their earnings, which will save them from having to pay the new 50 per cent income tax rate on salaries over £150,000.
The BBC is accused of encouraging the arrangement, which saves it millions of pounds a year in employer's national insurance payments, levied at 12.8 per cent of any salary.
More than 20 BBC presenters who are classed as freelance have set up service companies for their earnings.
Service companies pay a corporation tax of as little as 21 per cent on their profits, which can then be paid to the presenter as a dividend - again taxed at a lower rate.
Presenters using a service company can also defer tax and make use of large expenses allowances.
Shame that HMR&C are too busy chasing IT contractors to take any notice of the above?
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