Despite the hatred by some remainers on here, he must be doing something right.

I wonder what the tax is made up of?

Most of his money seems to be in Wetherspoons shares. He is worth about £400m they say.
 
It seems an awful lot of tax. His income seems to be about £8m from salary and dividends.
 
JonathanM said:
It seems an awful lot of tax. His income seems to be about £8m from salary and dividends.
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I don't think he paid that amount personally, it's just the amount of tax generated by his business through sales, vat, employees tax etc. It's still a big chunk which should go someway towards paying the hotel bills.
 
Ihavenojob said:
I don't think he paid that amount personally, it's just the amount of tax generated by his business through sales, vat, employees tax etc. It's still a big chunk which should go someway towards paying the hotel bills.
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So, it looks like they've said Tim Martin owns 30% of Wetherspoons and so they are attributing 30% of the tax paid by Wetherspoons, in one form or another, to him. Including VAT and employers NI, presumably. Not sure what you meant by employees tax, though.
 
Mottie said:
Tim Martin Owner of pub chain JD Wetherspoon, paid £167,000,000 in tax to the U.K. treasury last year.

Cheers, Sir Tim. (y)
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thats not gonna touch the sides in recovering the £100b that brexit cost

let alone the £10b+ a year that brexit red tape costs

in a pizzing contest brexers will always lose
 
Ihavenojob said:
All the income tax paid by the workers is probably lumped into the total tax generated by Wetherspoons.
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It looks like it is!! So a good proportion of that tax, maybe most of it, was actually paid by the employees. What a bizarre way of calculating how much tax a person has paid. On that basis, the NHS is the country's biggest tax payer :sneaky:
 
Mottie said:
Tim Martin Owner of pub chain JD Wetherspoon, paid £167,000,000 in tax to the U.K. treasury last year.

Cheers, Sir Tim. (y)
Click to expand...

Oh you stupid boy - you didnt even look at how it was worked out - time to place your flacid one back in your pants, perhaps the DM might run a story about boaties that will give you your next blood surge.
 
The question of VAT is interesting. Profit was only £25m last year, so only a small % of £176m was corporation tax. Turnover was £1.75 billion. Does that mean 20% of that was VAT paid by customers? Is most of the tax he "paid", really just VAT collected on behalf of the exchequer? This is stretching my knowledge of taxation, so I'd be happy to be corrected.
 
How much of that tax revenue has gone on sending weapons to the Zionists, i wonder?
 
Brexiteers do like scraping the beer barrel...

How's that trade deal with Canada going?
 
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