Why do papers not ask accountants
According to the Guardian this morning, talking about the BBC: "Staff on company payrolls pay up to 50% tax on their salaries and must contribute national insurance. Those paid via personal service companies set up for the recipient's benefit pay tax at 21% and are exempt from national insurance."
So they completely ignore any higher rates of taxes on dividends taken. Is this a simple mistake, which is just bad journalism, or are they lying to make some kind of political point ?
Other papers used the same example to scupper Ken Livingstone. Surely there should be some responsibility for the press to tell the truth with regards to tax, or do they just hope that 99% of people will believe what they say ?
- Annual to At Least Quarterly 421 20
- trading losses allowable? 741 14
- Tax Fines - HMRC 754 12
- Post AAT? 643 3
- Small amount of untaxed royalties for someone outside SA 76 1
- VAT - Check on clients business 867 36
- Entrepreneurs Relief, and then new company 50 1
- Probate services 348 6
- Treatment of valuation fee for IHT. 189 2
- Bookkeeping Rate of Pay 2,614 37
- Private doctors - Ltd company vs partnership 269 7
- What's the Barmiest Reason A Client gave you for going? 2,492 24
- Opening Balance in Sage 50 Accounts 117 3
- Sage accounts help 99 1
- Community Faux Pas 817 25
- AAT before CIMA? 126 1
- Digital tax accounts - what do we expect? 454 9
- Shared Network Drive on the Cloud 100 3
- Portuguese Resident having a UK Limited Company 175 6
- Here we go.... 872 25