Sector pay - TAX
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Join Date: May 2001
Location: tax haven
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Sector pay - TAX
Hi all,
I read on on of the forums a few weeks ago (with reference to Ryanair) that sector pay tends to attract little or no tax - something about not being in the UK (obviously non-dom sectors).
Does anyone know anything about this? Any one care to share an example break-down of how they are taxed if this is the case.
OR have I COMPLETELY misunderstood?
Thanks.
I read on on of the forums a few weeks ago (with reference to Ryanair) that sector pay tends to attract little or no tax - something about not being in the UK (obviously non-dom sectors).
Does anyone know anything about this? Any one care to share an example break-down of how they are taxed if this is the case.
OR have I COMPLETELY misunderstood?
Thanks.
Join Date: Feb 2001
Location: South East
Posts: 199
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The sector pay is taxed but the amount your recieve is fixed. IE Ryanair state that for a specific day we will get £130 STG that is after tax, the tax is paid by the company behind the scenes. The tax paid dependent on your tax bracket
