threebedsemi
Registered User
- Messages
- 253
I'm the director of a ltd company who offer professional services. We have recently made contact with an individual who is in a position to put some work our way.
We would like to 'look after' this person in the most tax efficient way for both of us. He is currently in paye employment.
if we simply pay him a lump sum 'finders commission' for example, he will have to declare this as income and will be hit for 40% income tax + levy + whatever else-is-on-the-cards on it.
anyone have any experience or ideas in this regard?
thanks
We would like to 'look after' this person in the most tax efficient way for both of us. He is currently in paye employment.
if we simply pay him a lump sum 'finders commission' for example, he will have to declare this as income and will be hit for 40% income tax + levy + whatever else-is-on-the-cards on it.
anyone have any experience or ideas in this regard?
thanks