1st Labour Tory blow up

carmanmemoranda said:
It's all that's been asked. No figures, no details.

I don't need lectures from him (or you) about how much tax he pays.

I just don't believe he is in the top 1 % of earners as a standard paye employee (with no control over his wage deductions).

He wants to dream aloud he should expect to be challenged.

On a DIY forum too
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It’s fairly obvious that because you don’t have the capacity you assume it’s impossible.

Imagine if Bob the car seller sold 1000 cars for 50k. Now he’s in the top 1% and his employment status is exactly the same.

Obviously I don’t sell cars for a living.

What you have revealed is you are yet another “happy to chip in more to rebuild the country” who probably pays f**all to start with.

Such generous behaviour from those who can optimise the tax on their income form work.
 
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In motorbikings case a lot depends on the set up and what he does with it. There is no reason at all why some one on PAYE shouldn't be in the top 1% of payers, None at all. Notice PAYE payer. Other things he may get up to pass. I have no idea what is possible in that area in this situation.
 
It’s the normal set up for the vast majority of people who sell things. Basic wage + commissions.

In the example I gave fictional Bob only has to sell 300 cars to hit the 1% threshold.

Dumb and dumber’s mate are just revealing their naive understanding of the world.
 
denso13 said:
Not necessarily if he's PAYE, he gets paid a wage, could be £50k, for selling the cars. The example you give isn't the normal PAYE set up.
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Doh
The bonus you've paid counts as earnings, so: add it to your employee's other earnings. deduct and pay Pay As You Earn ( PAYE ) tax and Class 1 National Insurance through payroll.

Some get yearly ones.
 
motorbiking said:
What you have revealed is you are yet another “happy to chip in more to rebuild the country” who probably pays f**all to start with.

Such generous behaviour from those who can optimise the tax on their income form work.
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No

I am firmly in the camp of being happy to pay more for better services.

Just not to line the pockets of the Tory friends

So you're wrong. Again
 
denso13 said:
Not necessarily if he's PAYE, he gets paid a wage, could be £50k, for selling the cars. The example you give isn't the normal PAYE set up.
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He must think he's clever.

The more holes he digs the further he falls in.

And some believe what he says too
 
ajohn said:
The bonus you've paid counts as earnings, so: add it to your employee's other earnings. deduct and pay Pay As You Earn ( PAYE ) tax and Class 1 National Insurance through payroll.

Some get yearly ones.
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So what?
 
motorbiking said:
In the example I gave fictional Bob only has to sell 300 cars to hit the 1% threshold
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300 cars at £50k each, yea someone selling £15m pounds worth of goods, or £50m for 1000, is just your average PAYE earner.
 
so the calculation is 300 cars at £50k each and 1% commission

300x£50000x0.01 = £150,000

Plus basic

Minus pension contributions (possibly limited in his case to £60,000) which would greatly reduce his tax due, and possibly his NI.
 
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