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RICHARD CURTIS weighs up an HMRC-approved method for gross payment of directors’ fees
KEY POINTS
- Interim government executives are paid gross via service companies.
- HMRC approve gross payment by ‘concession’.
- Employment status intermediaries and IR35.
- Government unravels the gross payment scheme but questions remain.
Tax is suddenly sexy again. I’ll bet your friends have been all over you like a rash for the past couple of weeks seeking your opinion on the Harry Redknapp trial – the tax equivalent of big game fishing – but this week I want to look at another fishy tale: the slightly lower profile Student Loans Company affair to see if we can lift the scales from our eyes as to what was going on there.
It’s probably no secret that the Student Loans Company (SLC) had got itself into a little difficulty a few years ago and –...
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