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B B C 2 Labour Conference......p M Key Note Speech Coming Up....who's Watching?

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ToraToraTora | 12:55 Tue 24th Sep 2024 | News
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Use this for your observations......

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It's obvious really hymie and corbeyloon. Rather than take a high earning role at say £80k pa and pay a whopping  rate of tax some settle for an easier life and settle for £50000 pa.  But if a favourable tax arrangement makes it more worthwhile to put in the extra effort/ hours/ risks/ stress for £80k he'd do it. He earns more and overall tax paid is more...just at a...
05:41 Wed 25th Sep 2024
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00:30 "Maybe TTT was more altruistic in those days and wanted to pay more tax." - no, the point may be missed by the urge to nitpick. When a contractor I was getting paid a lot more and kept a lot more of it, that is the idea of course but the total tax pounds paid was still more than the equivalent salaried position would have paid. I also collected vast amounts of VAT for the treasury.

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apologies NMA, I should have read your answer before responding to Hymie's ignoramery.

I saw him call for the release of the 'sausages' in Gaza.  😂

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he acyually does say sausages and corrects himself, I thought it was one of those "sounds like" things:

https://news.sky.com/video/prime-minister-mistakenly-calls-for-return-of-the-sausages-in-gaza-during-labour-conference-in-liverpool-13221283

 

Yes he did.  I wonder if he actually says that when talking privately - to his children perhaps?  It was a very odd slip up to make.

Perhaps he had just decided what to have for his evening meal?

"Judge Jennifer Dean ruled that the relationship that Kelly had with ITV "was a contract for services and not that of employer and employee".

So that, essentially, is that. Any government will find it extremely difficult to legislate against that practice (unless they simply outlaw the idea of conractors entirely and make everybody employees - which would be equally difficult).

TTT is the only person I know of, who has gone to the trouble and expense of setting himself up as a limited company, in order to pay more tax.

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hymie: "TTT is the only person I know of, who has gone to the trouble and expense of setting himself up as a limited company, in order to pay more tax." - you cannot be this thick. read the BA or the other half dozen posts explaining it.

The Best Answer does not explain why you went to the trouble and expense of setting up a limited company, which resulted in you paying more tax.

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yes it does explain it.

Hymie seems determined to pretend he/she doesn't understand.

TTT earned more gross through this arrangement and paid more tax (albeit at a lower rate). Although he paid more tax his net pay was still higher. So it was a win for TTT and for the taxpayer.

"So it was a win for TTT and for the taxpayer."

Ah, there's the problem, you see, nma. Can't have that. 

So TTT set himself up as a limited company to pay less tax.

 

In my post @ 20:32 – I posted exactly that reason for people doing so.

 

@ 20:39 - newmodarmy was asking how this worked.

 

@ 21:41 TTT posted //once again hymie demonstrates his total ignorance//

 

Later, TTT claimed he knows everything about this - whereas Hymies total ignorance proved to be correct once again.

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