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Help with tax evasion investigation.

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Comments

  • chrismac1
    chrismac1 Posts: 2,585 Forumite
    Well, working back from the 6,700 and making the very worst case assumptions:

    20% tax and NI (29% or 40% is possible or even likely in this case) gives £23k of undeclared profit.

    If we assume £0 claimable costs whatsoever, and £300 per gig, then we get to 112 gigs.

    Taking 40% tax, £400 per gig and £5k of claimable expenses gets you to 54 gigs.

    So how many gigs does your friend think were involved?
    Hideous Muddles from Right Charlies
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