eyalluvitt
Well-Known Member
£200 each from the tax free scrap metal kitty earnings and a frozen turkey with 10K in used notes wrapped up in the giblets is the proper British way of doing it.
£200 each from the tax free scrap metal kitty earnings and a frozen turkey with 10K in used notes wrapped up in the giblets is the proper British way of doing it.
Which presumably means both Pep and the employees paid tax on it? 45% in Pep's case.If its an emolument of employment its taxable. Whilst Pep isnt their employer he is still employee of CFG therefore HMRC would argue they were paid for their employment (which is true) and the payment was simply routed as a redirection of earning through Pep (not true). Its not strictly the case in this instance but i cant imagine Pep or CFG want that particular argument so much easier to just class it as earnings and pay tax.