VAT threshold

[Brigadier]

 

[motorbiking]

keep paying the membership fees. The Union bosses need the money:

Key findings

• The average total remuneration of the 30 union bosses on more than £100,000 was £150,755 in 2020.
  
  
• The highest-paid public sector trade union boss was Tim Roache, former general secretary of GMB. He received £288,000 in total remuneration.
  
  
• In 2020, Frances O’Grady, general secretary of the Trades Union Congress, received £167,229 in total remuneration. Her gross salary alone puts her in the top three per cent of earners across the UK. This was an increase on her 2019 total remuneration. Her gross salary was equivalent to 22 times the average amount for a recipient of universal credit.
  
  
• The public sector trade union with the most senior staff on total remuneration more than £100,000 was the Fire Brigades Union with four. These four officers all received pension contributions equivalent to between 51 and 78 per cent of their gross salaries.
  
  
• The British Medical Association, the National Education Union, the National Union of Rail, Maritime and Transport Workers, and the Prison Officers’ Association (POA) all had two each.
  
  
• Dr. Chaand Nagpaul, chair and general secretary of the British Medical Association,received £203,633 in total remuneration, an increase of 5 per cent on the previous year. His salary alone (£180,000) was over 6 times what a foundation (FY1) doctor working in the NHS receives in 2021 (£28,808).
  
  
• Eight senior staff at the education unions shared £1,252,709 between them.

https://www.taxpayersalliance.com/public_sector_trade_union_rich_list_2021

 

[carmanmemoranda]

keep paying the membership fees. The Union bosses need the money:

Key findings

• The average total remuneration of the 30 union bosses on more than £100,000 was £150,755 in 2020.
  
  
• The highest-paid public sector trade union boss was Tim Roache, former general secretary of GMB. He received £288,000 in total remuneration.
  
  
• In 2020, Frances O’Grady, general secretary of the Trades Union Congress, received £167,229 in total remuneration. Her gross salary alone puts her in the top three per cent of earners across the UK. This was an increase on her 2019 total remuneration. Her gross salary was equivalent to 22 times the average amount for a recipient of universal credit.
  
  
• The public sector trade union with the most senior staff on total remuneration more than £100,000 was the Fire Brigades Union with four. These four officers all received pension contributions equivalent to between 51 and 78 per cent of their gross salaries.
  
  
• The British Medical Association, the National Education Union, the National Union of Rail, Maritime and Transport Workers, and the Prison Officers’ Association (POA) all had two each.
  
  
• Dr. Chaand Nagpaul, chair and general secretary of the British Medical Association,received £203,633 in total remuneration, an increase of 5 per cent on the previous year. His salary alone (£180,000) was over 6 times what a foundation (FY1) doctor working in the NHS receives in 2021 (£28,808).
  
  
• Eight senior staff at the education unions shared £1,252,709 between them.

https://www.taxpayersalliance.com/public_sector_trade_union_rich_list_2021

Sounds like any big business.

Although some of the payments are a bit low in comparison.

Look at any council, let alone big business

 

[Brigadier]

keep paying the membership fees. The Union bosses need the money:

Key findings

• The average total remuneration of the 30 union bosses on more than £100,000 was £150,755 in 2020.
  
  
• The highest-paid public sector trade union boss was Tim Roache, former general secretary of GMB. He received £288,000 in total remuneration.
  
  
• In 2020, Frances O’Grady, general secretary of the Trades Union Congress, received £167,229 in total remuneration. Her gross salary alone puts her in the top three per cent of earners across the UK. This was an increase on her 2019 total remuneration. Her gross salary was equivalent to 22 times the average amount for a recipient of universal credit.
  
  
• The public sector trade union with the most senior staff on total remuneration more than £100,000 was the Fire Brigades Union with four. These four officers all received pension contributions equivalent to between 51 and 78 per cent of their gross salaries.
  
  
• The British Medical Association, the National Education Union, the National Union of Rail, Maritime and Transport Workers, and the Prison Officers’ Association (POA) all had two each.
  
  
• Dr. Chaand Nagpaul, chair and general secretary of the British Medical Association,received £203,633 in total remuneration, an increase of 5 per cent on the previous year. His salary alone (£180,000) was over 6 times what a foundation (FY1) doctor working in the NHS receives in 2021 (£28,808).
  
  
• Eight senior staff at the education unions shared £1,252,709 between them.

https://www.taxpayersalliance.com/public_sector_trade_union_rich_list_2021

Thanks for making the point .

Unless that wasn't your point, in which case

have you seen any squirrels.

 

[pete01]

I just charge vat but dont pay it Delboy taught me that

 

[motorbiking]

Sounds like any big business.

Although some of the payments are a bit low in comparison.

Look at any council, let alone big business

A pension based on 78% of your gross salary? Good luck getting that.

 

[Murdochcat]

You need to look at it from a sole traders point of view too.

His prices for materials include the vat he has paid, but can't claim back.

The downsides are the paperwork and the cashflow.

90k is only around £350 day turnover (not income)

MTD only adds cost for the SE and small businesses

£350 per day assumes no holidays, bank holidays or sickness

220 working days is what I used to use so about £410 per day

And lots of people are only taking cash …….

I quit working so I could avoid all this nonsense

 

[noseall]

You do understand that a person in business is supposed to have higher revenue than costs?

Trump may beg to differ. Guess how many times has Trump paid zero income tax?

You do understand that a person in business choses how they file their tax return?

 

[motorbiking]

Trump may beg to differ. Guess how many times has Trump paid zero income tax?

Long term capital gains are mostly zero rated. Do you think its a coincidence that most of the worlds trillion $ companies are HQ'd and pay taxes in the US?

You do understand that a person in business choses how they file their tax return?

You understand this is a thread about VAT not income tax?

 

[noseall]

You understand this is a thread about VAT not income tax?

You do understand the post and its wording, that I responded to. Let me remind you...

You do understand that a person in business is supposed to have higher revenue than costs?

 

[aveatry]

Lowering VAT requirement down to 20k along with the making tax digital thing sounds like the wef instructed gov want to force out self employed people and as for more people paying cash in hand - the wef has a plan for that too - digital currency.

 

[motorbiking]

You do understand the post and its wording, that I responded to. Let me remind you...

Again this is about VAT.

Do you understand why costs and revenue are relevant to a VAT discussion? I'm guessing not.

 

[noseall]

Again this is about VAT.

So why throw this statement in...

You do understand that a person in business is supposed to have higher revenue than costs?

You do understand what a VAT registration threshold is (currently £90K in the UK) and that generating a higher revenue than costs (or not) can occur below (or above) the VAT threshold so your statement has absolutely fúck all to do with VAT.

 

[motorbiking]

So why throw this statement in...

You do understand what a VAT registration threshold is (currently £90K in the UK) and that generating a higher revenue than costs (or not) can occur below (or above) the VAT threshold so your statement has absolutely fúck all to do with VAT.

As I thought. No clue

Perhaps you can think of one of the two scenarios where voluntarily registering for VAT might help your business.

1 is that you sell business to business.
2 is that your material costs are higher than your revenue.

 

[noseall]

Perhaps you can think of one of the two scenarios where voluntarily registering for VAT might help your business.

1 is that you sell business to business.
2 is that your material costs are higher than your revenue.

Deflective waffle. Nothing to do with my response to your (non-VAT related) statement.

Predictable duplicitous MBK.