How the wealthy avoid paying tax | Money | guardian.co.uk
"This type of arrangement is only really worthwhile if you are earning in excess of £120,000 a year," says Frank Nash of accountancy firm Blick Rothenberg – and some accountants warn that HMRC is unlikely to let you get away with it if you are an employee or only doing freelance or contract work for one company. "There is anti-avoidance legislation to cover that, known as IR35," says Alex Henderson of PricewaterhouseCoopers. "It is really only available if you are a freelance worker working for a number of outlets."
Alex Henderson is a
Posted in general so maximum abuse can be heaped.
"This type of arrangement is only really worthwhile if you are earning in excess of £120,000 a year," says Frank Nash of accountancy firm Blick Rothenberg – and some accountants warn that HMRC is unlikely to let you get away with it if you are an employee or only doing freelance or contract work for one company. "There is anti-avoidance legislation to cover that, known as IR35," says Alex Henderson of PricewaterhouseCoopers. "It is really only available if you are a freelance worker working for a number of outlets."
Alex Henderson is a
Posted in general so maximum abuse can be heaped.
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