1st Labour Tory blow up

[motorbiking]

No it isn't.

But I don't believe you are, with your wheeling and dealing and 6 figure vat savings.

You do understand it has nothing to do with being an employee? Would you like me to show you ?

 

[carmanmemoranda]

Yes. I was correct you.

I was not confessing to be one “catching myself out”.

So you are a standard employee ?

Yes, or no

 

[denso13]

Would you like me to show you ?

Not really, I don't believe you either way.

 

[ajohn]

A newer one but on different aspects such as

• The self-employed in the top 1% work disproportionately in professional services partnerships, including large legal and accountancy practices. Mean fiscal income of a self-employed person in the top 1% is £423,000, more than 30 times the UK median. In comparison, company owner-managers in the top 1% have a lower income on average (£294,000), but are much more evenly spread across a range of industries.

Top income inequality and tax policy | Institute for Fiscal Studies

Concerns about how much income ‘the rich’ have, the activities from which it is derived, and how much tax is paid on it are central to debates about inequality.

ifs.org.uk

 

[JohnD]

Placing him in the top 1% of income tax payers.

unless he took the normal and sensible step of contributing to a pension

 

[ajohn]

They don’t understand.

LOL A CEO of any business is likely to be on PAYE if the company use that system.

VAT and boats. Somehow I doubt if that is your business but wouldn't matter if it was.

 

[denso13]

LOL A CEO of any business is likely to be on PAYE if the company use that system at all.

Yes, my boss is. So what?

 

[motorbiking]

So you are a standard employee ?

Yes, or no

Yes. For my main income.

 

[motorbiking]

LOL A CEO of any business is likely to be on PAYE if the company use that system.

VAT and boats. Somehow I doubt if that is your business but wouldn't matter if it was.

Boats are my hobby. Doesn’t mean I can’t make money doing it.

Exporting a boat VAT free is not about the fact that it’s being exported for business. It more along the lines of “duty free”.

And of course last time I bought some gin at the airport tax free nobody needed to know if I was employed or self employed.

 

[carmanmemoranda]

Yes. For my main income.

A yes and a no then?

I can understand that, just clarifying

 

[ajohn]

Yes, my boss is. So what?

More so what to some of your posts. Any person working in some sort of business can be on PAYE. End of.

 

[denso13]

Any person working in some sort of business can be on PAYE

I know, no one is saying they can't.

 

[motorbiking]

A yes and a no then?

I can understand that, just clarifying

If you made money from stocks and shares on the side would that change your employment status ? No

Me neither. But it would mean that for some of your income it was not from your main employment. Like I said.

 

[motorbiking]

I know, no one is saying they can't.

Well you are saying I can’t.

 

[carmanmemoranda]

If you made money from stocks and shares on the side would that change your employment status ? No

Me neither. But it would mean that for some of your income it was not from your main employment. Like I said.

So you receive a wage slip/statement, with all your deductions made for you, on your employment income ?