Reply to post: Re: Curious reaction

It's happening, tech contractors: UK.gov is pushing IR35 off-payroll rules to private sector in Finance Bill

ovation1357

Re: Curious reaction

Only this evening they were saying on the radio that Facebook is getting away with paying about 1% tax on its UK sales. Not exactly comparable to a small company like a PSC which has to pay 19% corporation tax on all profits.

Of course then the director of said company takes a salary which will attract income tax + NI and/or dividends which attract dividend tax.

There are certainly tax advantages to this situation over being an employee but the annual tax bill is still going to be way more than the meagre few percent (tops) that the big tech companies get away with.

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