This is amusing:
As the public face of HM Revenue & Customs, she tells people that \”tax doesn\’t have to be taxing\”. Now Moira Stuart appears to have found a way to apply this slogan to her own financial affairs.
The BBC newsreader, who appears on the Revenue\’s television and radio adverts, has set up a company that allows her to avoid the full impact of the 50p top tax rate. The firm legally entitles her to pay corporation tax at 21 per cent on some of her earnings, rather than income tax at up to 50 per cent.
It\’s also entirely and absolutely legit: this is tax complainace, not tax dodging of any sort.
A spokesman for HMRC said: \”Moira Stewart works on specific advertising campaigns for HMRC. She is not employed directly by us so there is no question of disguised employment.\” He would not comment on tax rate paid by Miss Stuart for her HMRC work.
If you\’re freelancing around, if you\’ve got several diferent peoplewho you freelance or, sure, a services company is, even under the strictest reading of IR35, an entirely legit structure.
You are running a business, the input being your human capital (no, she\’s not doing the ads because she\’s a 62 year old Afro-Carribean, she\’s doing them be cause she is Moira Stuart, a \”name\” and brand) and yes, it\’s right and just that you are taxed as a business when doing so.
Same with giving talks at the WI, and quite possibly writing pieces for the papers.
It\’s only Ritchie who objects to all of this: and Ritchie, as we know, who was using this structure up to at least 2007.