The Freelance Thread (Contractor, IR35)

You are reading a single comment by @mcvw and its replies. Click here to read the full conversation.

•

aggi in reply to @mcvw

Do consider adding your wife/partner as an employee/secretary i.e. if you currently transfer money to them for rent/bills/groceries etc this can be covered by the company meaning you don't have to take money out of the company and pay yourself (and be taxed on it)

I'm assuming this is the tax dodging

•

mcvw in reply to @aggi

But is it dodging? As they would pay tax via their annual tax return. And given that an additional employee would result in the requirements for a workplace pension, there would be additional NIC's to pay also.

One other thing to consider, with the partner as an employee, they would be eligible for the company bike scheme too! Bike n+2! Happy days!

•

aggi in reply to @mcvw

Generally the fraud is that the salary is equivalent to their unused personal allowance (or possibly up to the lower rate threshold) so no tax is paid.

About

Avatar for mcvw @mcvw started