Nigel Farage uses private company to pay less tax on GB News earnings | Nigel Farage

27 comments

1. Yeah but did he pay enough stamp tax?

   Only thing my homies care about.

2. He’s so obviously a sleazy rich guy, and it’s ridiculous that it’s never reported.

3. The reason Britain is suffering. Rich people won’t pay the tax they owe

4. Of course he does.

   Paying tax is about running a healthy, cohesive society.

   Farage’s brief is to destabilise society, so [his paymaster](https://bylinetimes.com/2024/06/11/nigel-farage-and-an-extraordinary-lack-of-curiosity-from-uk-government-and-intelligence-services-over-possible-russian-interference-in-brexit/) can do whatever he likes.

5. Is this not just the same as any one man band electrician, builder, car dealer, salon, any sole director small business who is Ltd though? He’s using his “skill set” if you like to earn money and paying it into a company instead of as a sole trader. I don’t particularly agree with a lot of his views but you can’t fault him for utilising the system how it’s meant to be used.

   If he actually wants use of that money, to spend in the pub for example, in his case he’d be paying the dividends tax (33.75%) on top of the corporation tax. This article only mentions the 25% corporation tax. Not his dividend tax.

   It isn’t tax dodging at all, it’s running a business where his entertainment value is the product.

6. I assume the tabloids will be outraged and publish front page stories for the next week calling for his resignation?

7. Lol we’ve had years of him and the Tories taking the piss. Hilarious how much fake outrage there is for Angela.

8. Isn’t this normal for media/celebrity types with multiple sources of income?

9. Naturally. He’s simply an extremely selfish former commodity broker. If his current persona weren’t profitable for him, he wouldn’t bother.

10. Wait until you hear how much tax people avoid by using ISAs and pensions.

11. Wait till the tabloids hear about how many IR35 rule dodging people are STILL being contracted by the civil service and across the NHS. They’ll have a fit! So many people seem to be at it. Constantly hearing contractor friends bragging about it in good company

12. I wonder if he’ll have people painting “tax evader” and “bitch” on his house?

13. The response to this is a very interesting read! Glad to see everyone is just as outraged! /s

14. Ah yes, Champion of the working class, and all that! /s

15. Ah lads, as much as he’s scum, this is full expected for such jobs. You think telly folk and footballers etc are on normal PAYE contracts???

16. … and? This is pretty normal practice with a legal precedent – HMRC tried going after Lorraine Kelly for the same thing and failed miserably in court. Don’t get me wrong, farage is a piece of shit and if this some how sinks him politically, great. But this is perfectly legal.

17. I actually feel sorry for the people of Clacton. Duped into voting for someone who couldn’t care less about them. They may as well not have an MP.

18. What next, ‘Farage puts money in to his pension to avoid income tax’?

    Journalism is in the bin

19. >in a television star-style arrangement that has in recent years become frowned on by major broadcasters.

    All of the major BBC presenters have been doing this for years and the BBC supports it by still employing them. This is a non-story

20. Sir, your constituents in Clacton are still wondering where you are.

21. It’s very common for actors and presenters to structure things this way. It’s the industry standard you dishonest idiot 😂

    It makes things easier when you’re earning from multiple sources and have agents and assistants to pay…

    And manage expenses like travel, make up and clothing etc

22. I’m all for some Farage slander, but thinking he is the other person doing this is dumb

23. Wow, someone has set up a company for themselves. Everyone is entitled to do the same.

24. Piss off. This is how contractors work guys and gals.

    This isn’t news.

25. Not a fan, but this article is quite misleading.

    “…from his prime-time TV show into his company, which means that he paid only 25% corporation tax on profits, instead of 40% income tax, and could offset some expenses.”

    Yes, if he put money through a company, that company is subject to 25% corporation tax on profits. However when he transfers money from the company to himself, he will pay 39.35% dividend tax, after the corporation tax. So if he took £400k into his company (without any company expenses), he would first pay 25%, leaving £300K, they pay 39.35% dividend tax when withdrawing that £300K. So he’ll be left with £181,950. Considerably worse off than the take home pay if GB news paid him directly, which at 45% higher rate is around £220,000.

    There are lots of other reasons to use an Ltd. For instance, if he has staff, this is the best way to pay them. He’ll also be able to include business expenses of course. It looks like the company has made property investments. These are all owned by the company rather than by him, (even though he owns the company 100%) so are treated differently. He clearly has more than one client other than GB news.

    All of this is quite legitimate. There are thousands of individuals running small business, which do a similar thing. Carpenters, Plumbers, Artists, YouTubers, will all use a similar setup.

    He may be up to some sleazy tactics, but he may not. There’s no information here to suggest he is or isn’t.

26. Out of all the things to criticise Farage for, this is by far the dumbest. My plumper and local takeaway use limited companies to pay less tax.

    The system is literally designed for this to happen.

27. Of course he is.

    Bet no one at GBNews or his supporters even care or are aware

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