Irish Revenue and contractor allowances

[sprite1]

Link to an Irish Independent article regarding the Irish Revenue clamping down on supposed company directors employing only themselves, working for one company and out-sourced to a third-party company.

Has to be a must-read for anyone thinking of joining an airline as a self-employed pilot (purely in my uneducated opinion)

Crackdown on tax-free expenses nets ?9.3m in penalties - Independent.ie (http://www.independent.ie/business/personal-finance/crackdown-on-taxfree-expenses-nets-93m-in-penalties-30353754.html)

[Holyjoe]

If this is the case, a certain Irish Airline may not appear such an attractive prospect for contract captains!!

[sprite1]

Exactly.

You'd be treated by Revenue as a PAYE worker (but without any of the statutory protections and severance payments afforded to full-time employees)

[Holyjoe]

The local salary won't amount to much once you take the tax out and add commuting costs for many. Interesting stuff anyways.