Top talent at the BBC are classing themselves as freelancers to avoid being
hit with the 50% rate of tax being aimed at the UK’s highest earners.
Household names such as Jeremy Paxman, Fiona Bruce and Emily Maitlis have set
up companies to channel their earnings, saving them from paying the levy on
salaries over £150,000, according to
The arrangement saves the BBC millions of pounds a year in employer’s
national insurance payments, charged at 12.8% of any salary.
Service companies pay a corporation tax of as little as 21% on their profits,
which can then be paid to the presenter as a dividend, which, in turn can be
taxed at a lower rate.
Individuals using a service company can also defer tax and make use of large
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy