Thursday, February 16, 2012

What a clever move!!

Some top drawer Civil Servants have now formed limited companies and are then contracted to the Government to do the same work! The Government saves in not having to pay the social security payments on the employee's income or work out the tax due and deduct it. The contracted in people will, no doubt, be essential and needed in their job, thus ensuring a job for life.
Where the person gains is that if the Company is registered in England, Wales or Northern Ireland, there have to be two directors, normally a wife or partner. In Scotland, only one director is required.
 I would assume that they were high earners and about to start paying 50% in income tax. Whereas as a company they will only pay Corporation Taxes which can be brought down to about 10% or even less!!! They may claim company cars and all sorts of expenses, just as any limited company can do. Indeed they can register off shore, if they wish, merely spending a long weekend out of the country every now and again.!  Then they would pay no tax.

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(1) Walmart Employees EXPOSED For Falsely Accusing Shoppers Of Theft - YouTube

(1) Walmart Employees EXPOSED For Falsely Accusing Shoppers Of Theft - YouTube