Virgin take home pay

[hapzim]

Aye grab a few £'s in tax but spend ££££'s checking all those receipts. typical of the British Goverment tying the country up in red tape. Just like this new milage tax who is going to check and collect, at the moment done nicely by the fuel companies. Get rid of complications keep it simple and costs down.

[scroggs]

Allowances are taxeable in VS, and they have already been taxed when you get them. Inland revenue assume you will spend 75% of them and tax at 22% of the remaining 25% is deducted at source and paid by the company.

Dan, you're wrong. That's how it used to be. Since 1 Apr 04, the allowances paid down route are entirely tax-free. This arrangement came after extensive negotiations between the company and the Inland Revenue, who have since suggested that this may become the standard way of doing things for other UK airlines. Whether it does or not, this is now the deal for us, and it will remain so for the foreseeable future.

[Dan Winterland]

Blimey! Are the taxmen going soft? Sorry about the mis-information. A bit out tof the loop.

However, can anyone confirm the IR's tax proposals? I remember reading about them a year or two ago but have heard nothing since.

[captplaystation]

Condition 1- sounds bad ;Condition 2-it is good old Blair-ite Blighty,nuff said. . .must be true(mate)please imagine Essex accent for best effect.