Tax avoidance
Wally,
There are many dubious aspects to this new contract.
The main one which affects you, me and any other UK based, domiciled pilot is this:
1. We are not IR35 compliant, check out the criteria.
2. It is illegal to class oneself as self employed if you live in the UK, work for a UK registered company (Brookfield) and have only one "employer".
3. You are being forced to pay your taxes outside the UK as a means of avoiding IR35 criteria and therefore UK taxes.
The tax authorities are investigating this at a very high level and this practise will be stopped sometime soon. What will happen to us after that is uncertain, but at least we'll be legal.