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please help with suggestions for commission payments
patri
Posts: 7 Forumite
Hi.
I currently work in a sales role and get paid a basic plus commissions
My employer has asked if for the next tax year I want to be paid the commission element as a mileage claim, hence avoiding paying Tax or NI on this.
Are there any other benefits in doing this or anything I should be wary of.
Or any alternatives ?
In the last tax year due to commission amounts varying my tax code was an M1 one.
I currently work in a sales role and get paid a basic plus commissions
My employer has asked if for the next tax year I want to be paid the commission element as a mileage claim, hence avoiding paying Tax or NI on this.
Are there any other benefits in doing this or anything I should be wary of.
Or any alternatives ?
In the last tax year due to commission amounts varying my tax code was an M1 one.
0
Comments
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Is this not fraud?0
-
I was asked by my boss and am seeking a second opinion.
You may be right though0 -
Haven't you already asked about pretending your bonus is a mileage payment in another thread?0
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I asked in the other thread to as thought that was a more relevant one.
I have decided against doing this now though thanks to all your advice.0 -
How much tax are you trying to avoid/evade?
What is your basic pay and how much is your bonus per month?
You can work out how much the tax liability is using this link
http://www.thesalarycalculator.co.uk/salary.php0
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