iainb 5,022 Posted December 29, 2023 (edited) 27 minutes ago, RoundTheBoards said: Not worth the extra hassle unless you're earning big and then the benefits aren't massive. I think it's only this year that Woffinden and Bewley started limited companies. I would have thought all those riders sponsored by those accountants (is it stava, or something like that) would be limited. It shouldn't really be any hassle if the accountant does all the work for a few of points of earnings. If you've got a decent accountant they'll probably pay for themselves. Chris Harris used to be limited, assume he still is. It'd be interesting to know though. Edited December 29, 2023 by iainb Share this post Link to post Share on other sites
RoundTheBoards 271 Posted December 29, 2023 41 minutes ago, iainb said: I would have thought all those riders sponsored by those accountants (is it stava, or something like that) would be limited. It shouldn't really be any hassle if the accountant does all the work for a few of points of earnings. If you've got a decent accountant they'll probably pay for themselves. Chris Harris used to be limited, assume he still is. It'd be interesting to know though. To what benefit? How many riders end the season having made a profit seriously in excess of £50k? Share this post Link to post Share on other sites
iainb 5,022 Posted December 29, 2023 2 minutes ago, RoundTheBoards said: To what benefit? How many riders end the season having made a profit seriously in excess of £50k? Tax benefits for one, not sure how foreign earnings etc. are accounted for. I just naturally assumed they'd all be limited Share this post Link to post Share on other sites
RoundTheBoards 271 Posted December 29, 2023 7 minutes ago, iainb said: Tax benefits for one, not sure how foreign earnings etc. are accounted for. I just naturally assumed they'd all be limited Why would anyone choose to be a limited company and pay 25% corporation tax when they only pay 20% income tax as a sole trader? Like I said, you'd have to be making serious profits to gain anything, and how many riders finish a season with profits way over £50k? (probably would need to be profits approaching £100k to get any worthwhile benefit) Share this post Link to post Share on other sites
Neila 1,162 Posted December 30, 2023 17 hours ago, RoundTheBoards said: Why would anyone choose to be a limited company and pay 25% corporation tax when they only pay 20% income tax as a sole trader? Like I said, you'd have to be making serious profits to gain anything, and how many riders finish a season with profits way over £50k? (probably would need to be profits approaching £100k to get any worthwhile benefit) Some of the published wages and signing on fees in Poland are lots of thousands of euros . Up to 500k last time I looked up some figures Share this post Link to post Share on other sites
RoundTheBoards 271 Posted December 30, 2023 4 minutes ago, Neila said: Some of the published wages and signing on fees in Poland are lots of thousands of euros . Up to 500k last time I looked up some figures And how many British riders do you think are on a £500k deal with a Polish club? Share this post Link to post Share on other sites
Neila 1,162 Posted December 30, 2023 Not many but some are/will be on lots of euros, one rider got a 6 figure signing on fee a couple of years ago Share this post Link to post Share on other sites
bruno 1,790 Posted December 30, 2023 Would Brits pay UK tax on earnings in Poland Share this post Link to post Share on other sites
RoundTheBoards 271 Posted December 30, 2023 19 minutes ago, bruno said: Would Brits pay UK tax on earnings in Poland Yes. Unless you're a Non-Dom. Share this post Link to post Share on other sites
Bandit59 1,151 Posted December 31, 2023 Freddie Hodder signed for Berwick according to Stewart Dicksons Twitter Share this post Link to post Share on other sites
Fromafar 10,371 Posted December 31, 2023 On 12/29/2023 at 10:13 PM, RoundTheBoards said: To what benefit? How many riders end the season having made a profit seriously in excess of £50k? Think you would be surprised. 3 Share this post Link to post Share on other sites
bloom89 496 Posted January 2 So just 3 spots remaining to be filled at Berwick (although borke is highly rumoured to be heading there) Edinburgh and Workington. Share this post Link to post Share on other sites
Normski 1,316 Posted January 5 Bastian Borke signs for Berwick Share this post Link to post Share on other sites
torpointfanatic22 268 Posted January 5 Really shocked and saddened actually that Dan Gilkes hasn't got a place in the championship. Share this post Link to post Share on other sites
Nickinho 429 Posted January 6 12 hours ago, torpointfanatic22 said: Really shocked and saddened actually that Dan Gilkes hasn't got a place in the championship. When a certain team is hiring German riders solely due to their gender it's no real shock to me to see young British riders finding themselves squeezed out. Share this post Link to post Share on other sites
