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Thread: V.A.T. Petition
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Old 3rd April 2001 | 13:04
  #18 (permalink)  
ickle black box
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Cool

Put my name down for supporting this, definitly.

I wonder if there is any way to get around the vat, the way IT contracters do (or used to, until the govt clamped down on it). They would set up a company, and get the company they work for, to pay their company. They could then charge all their expenses to their company, and hence reduce the taxable earnings. They can still do this, but are now not allowed to work for the same employer in this manner, for more than a certain length of time.

i.e. For the ATPL, Would it be possible to setup a VAT registered flying company, which you own, and are the only employee. You could train (directly relevant to your company) pay vat to the flying school, and reclaim it. When you started work commercially, the airline could pay your salary + vat to your company, the airline could reclaim the vat. Can one then disolve the company soon after, and work as a normal employee???

Can anyone who knows about this sort of thing, update us as to wether anything like this can be legally and easily done.

ickle