Brookfield working practices, conditions, and Contracts
Join Date: Jan 2005
Location: One hump; two if you're pretty.
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Through the Looking Glass.
Reamer. What a wholly unpleasant moniker. If Lewis Carol can do it with
I thought I'd whip it out for a test drive, but you're quite correct, and I apologise for offending the door-bitches of the written word.
Speaking of bitches;
As distinct from self opinionated, green-as-grass cadet first officers, with what, 250 hours total flight time?
I can almost hear the personnel departments at BA and Virgin all aquiver with excitement at that prospect. Real job security, you think? Tell that to the 100 pilots just dumped from Virgin, and the untold squillions still languishing in the BA hold pool. You really are a clueless, gobshyte twerp, but we were all young once.
Or were we? For those inclined to take you at your word, Cadet Twerp, good luck to them. I'm sure you're getting no end of thrill at the attention. I rather think you're somewhat more slippery than might be immediately apparent. It is known that the always devious and deliciously twisted apparatchiks of BLAPA and IALPA have already opened Pandora's Box, to use Slim's characterisation, with the relevant Revenue authorities in Erin and points east. This, apparently, was a part of their cunning plan to win favour with Ryanair pilots and encourage them to join their turgid, pointless autoerotic extravaganzas.
Imagine the queues forming. By constant reference to your friend's dad, or the neighbour's dog, or whomsoever you claim as your Oracle, you're conducting yourself in a manner entirely consistent with BLAPA/IALPA's current agenda of attempting to use the tax authorities as a stick to beat Ryanair with. They either don't know, or as is vastly more likely, don't care how many pilots they disenfranchise in the process. Typical.
If I'm wrong and you are who you say you are, then as you place your head on feculent B&B pillows in the weeks of your line training ahead, anticipate, if you will, the sheer thrill that we all hold in store at the prospect of meeting you.
“Curiouser and curiouser!” Cried Alice
Speaking of bitches;
I just hope that there aren't too many self opinionated Captains in Ryanair as that is a real safety issue.
I am only doing this to get my first 1000 hours and then I'm going to look for a proper job with real job security.
Or were we? For those inclined to take you at your word, Cadet Twerp, good luck to them. I'm sure you're getting no end of thrill at the attention. I rather think you're somewhat more slippery than might be immediately apparent. It is known that the always devious and deliciously twisted apparatchiks of BLAPA and IALPA have already opened Pandora's Box, to use Slim's characterisation, with the relevant Revenue authorities in Erin and points east. This, apparently, was a part of their cunning plan to win favour with Ryanair pilots and encourage them to join their turgid, pointless autoerotic extravaganzas.
Imagine the queues forming. By constant reference to your friend's dad, or the neighbour's dog, or whomsoever you claim as your Oracle, you're conducting yourself in a manner entirely consistent with BLAPA/IALPA's current agenda of attempting to use the tax authorities as a stick to beat Ryanair with. They either don't know, or as is vastly more likely, don't care how many pilots they disenfranchise in the process. Typical.
If I'm wrong and you are who you say you are, then as you place your head on feculent B&B pillows in the weeks of your line training ahead, anticipate, if you will, the sheer thrill that we all hold in store at the prospect of meeting you.
Join Date: May 2004
Location: Los Angeles
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Cadet
Wind your neck in as your making yourself look like a real t$&t!!! You will find most people at RYR helpful and friendly....................contary to what you read on this website much of the time.
I was a contractor with another company before i joined RYR and had a good accountant. After he worked his magic - all legitimate - by the time i had offset my expenses against income, being a contractor is very tax efficient. I presume you are in the UK, why would you want to give your HARD EARNED cash to "Gordon is a Moron" who lets face it is completely out of touch and would waste your tax £ and re-distribute your money to some chip eating single parent in Hull! I have spoken to many cadets and have recommended my accountant to them. They are reaping the benefits$$$$$$$$$$$$$$$$$. After paying VAT on your flight training, dont you feel the need to minimise your tax obligation. Lets face it those at Uni dont pay VAT.
I am a full time RYR employee. What I pay in Tax and NI and RYR in NI = frightening amounts. Am I happy = yes, but one has to question the amount we pay into the system and our returns = -$00000000000000000000000
Wind your neck in as your making yourself look like a real t$&t!!! You will find most people at RYR helpful and friendly....................contary to what you read on this website much of the time.
I was a contractor with another company before i joined RYR and had a good accountant. After he worked his magic - all legitimate - by the time i had offset my expenses against income, being a contractor is very tax efficient. I presume you are in the UK, why would you want to give your HARD EARNED cash to "Gordon is a Moron" who lets face it is completely out of touch and would waste your tax £ and re-distribute your money to some chip eating single parent in Hull! I have spoken to many cadets and have recommended my accountant to them. They are reaping the benefits$$$$$$$$$$$$$$$$$. After paying VAT on your flight training, dont you feel the need to minimise your tax obligation. Lets face it those at Uni dont pay VAT.
I am a full time RYR employee. What I pay in Tax and NI and RYR in NI = frightening amounts. Am I happy = yes, but one has to question the amount we pay into the system and our returns = -$00000000000000000000000
Last edited by LAX; 11th May 2009 at 00:20.
Join Date: May 2009
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I'm a retired pilot and spent the last few years of my working days as a contractor. I did it to earn as much cash as possible. With the help of a good accountant I managed to use tax residency laws to avoid paying tax for a number of years which allowed me to build up a pension pot.
I know that residency rules have changed a lot in recent years and in particular in Ireland. Having said that there are still opportunities around to put tax abatement schemes in place. Regardless of whether Brookfield are forcing you to use one accountant or another I would advise each guy to get an hour's consultation with an accountant who knows what he is talking about. It will be money well spent.
I know about the Brookfield thing because a young guy in my flying club is caught up in it. He spoke to me about it and I brought him to my old accountant to see if he could help him out.
He was aware of this three or four director company thing as other industries have used it. He said it is far form ideal and there are significant risks attached to it particularly if you or your fellow directors have additonal income that they earn outside of a BRK contract.
He did say that the four man company system could be OK given that he should save a considerable amount in accountancy fees.
He expected that the accountancy fee for a company should be around €2,000 a year. There would not be much more work involved in a one man company or a four man. He didn't see a massive issue for my friend using the four man company providing he wasn't paying more than €500 a year and that he got a profile of the other directors from the accountancy firm operating it.
The advice therefore was to go ahead with the four man comapny if the fees were small but if the fee was anything over around €1,200 then set up his own compamy with his brother as the other director.
In additon and he felt there was an increased risk of a revenue audit. If the comapny or any of the three other people are selected for a revenue audit you can be pretty sure that the inspector will take a look into the affiars of the company and the other directors.
I asked the accountant what he would do and he said set up his own comapny even if it cost a little bit extra a year. he reckoned the extra fees could be made back with good tax planning.
Incidentally my old accountant is not interested in the business. He is as old as me and charges a dam site more than €2,000 a year for his advice. He has been worth every penny for me.
Best of luck with it but take some advice from an old timer. Don't assume that you know more about the sytem than you do. I flew with guys who were using a DIY tax evasion method and are stuck in the Middle East now and can't move back home for a few years becuase of the liabilities waiting for them if they move back to soon.
I know that residency rules have changed a lot in recent years and in particular in Ireland. Having said that there are still opportunities around to put tax abatement schemes in place. Regardless of whether Brookfield are forcing you to use one accountant or another I would advise each guy to get an hour's consultation with an accountant who knows what he is talking about. It will be money well spent.
I know about the Brookfield thing because a young guy in my flying club is caught up in it. He spoke to me about it and I brought him to my old accountant to see if he could help him out.
He was aware of this three or four director company thing as other industries have used it. He said it is far form ideal and there are significant risks attached to it particularly if you or your fellow directors have additonal income that they earn outside of a BRK contract.
He did say that the four man company system could be OK given that he should save a considerable amount in accountancy fees.
He expected that the accountancy fee for a company should be around €2,000 a year. There would not be much more work involved in a one man company or a four man. He didn't see a massive issue for my friend using the four man company providing he wasn't paying more than €500 a year and that he got a profile of the other directors from the accountancy firm operating it.
The advice therefore was to go ahead with the four man comapny if the fees were small but if the fee was anything over around €1,200 then set up his own compamy with his brother as the other director.
In additon and he felt there was an increased risk of a revenue audit. If the comapny or any of the three other people are selected for a revenue audit you can be pretty sure that the inspector will take a look into the affiars of the company and the other directors.
I asked the accountant what he would do and he said set up his own comapny even if it cost a little bit extra a year. he reckoned the extra fees could be made back with good tax planning.
Incidentally my old accountant is not interested in the business. He is as old as me and charges a dam site more than €2,000 a year for his advice. He has been worth every penny for me.
Best of luck with it but take some advice from an old timer. Don't assume that you know more about the sytem than you do. I flew with guys who were using a DIY tax evasion method and are stuck in the Middle East now and can't move back home for a few years becuase of the liabilities waiting for them if they move back to soon.
Join Date: May 2005
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Quick question, I read some but not ALL of the thread so hope this has not been asked before:
I was working for an airline and was made redundant this year, IF I were to set myself up as a sole trader, which I was for 15years BEFORE I became a commercial pilot, and applied to FR for the TR, would I as a previously working pilot also be forced into this company arrangement? The idea would be that I am a commercial pilot, I decide to advance my career and pay for another TR ( ugghh that will be 2 in a row) then it should be fully tax deductable and make me tax compliant without having to go the company route? OR is this no longer an option and everyone must form these companies? I am loathed to pay for another TR but....FR is the only show in town and I haven't flow in 4 months and my head is f****.
Can I set up my own company and employ my own accountant? Does the 4th partner have to be Brookfield and do we have to pay money to a selected accountant? ...if so why?
Apologies if this has been covered, read the thread quickly and may have missed it! thanks
I was working for an airline and was made redundant this year, IF I were to set myself up as a sole trader, which I was for 15years BEFORE I became a commercial pilot, and applied to FR for the TR, would I as a previously working pilot also be forced into this company arrangement? The idea would be that I am a commercial pilot, I decide to advance my career and pay for another TR ( ugghh that will be 2 in a row) then it should be fully tax deductable and make me tax compliant without having to go the company route? OR is this no longer an option and everyone must form these companies? I am loathed to pay for another TR but....FR is the only show in town and I haven't flow in 4 months and my head is f****.
Can I set up my own company and employ my own accountant? Does the 4th partner have to be Brookfield and do we have to pay money to a selected accountant? ...if so why?
Apologies if this has been covered, read the thread quickly and may have missed it! thanks
