In a
tongue-in-cheek guide to ‘tax accounting for the rich’, Jeremy Vine once
advised the wealthy to find a ‘tax magician with the power to bend the
rules, befuddle the tax inspector and make money invisible’.
Now it seems that the BBC Radio 2 star has taken his own advice to heart.
Mr Vine appears to have been using his ten-year-old daughter Martha to avoid tax payments.
The
presenter of the Jeremy Vine Show and the TV quiz Eggheads, has been
funnelling cash through a limited company, Jelly Vine Productions, of
which she is a shareholder.
The
controversial move will highlight the BBC’s practice of paying some
presenters off its books using money from the millions of pounds it
earns in licence fee-payers’ money.
In
2012, it emerged that more than 140 BBC stars were funnelling cash
through private firms to avoid paying millions in tax. During the
resulting furore, Mr Vine ran a spoof, ‘Jeremy’s six-step guide to tax
avoidance for the rich’, on his radio show.
Jelly Vine Productions had almost £810,000 in cash on its books in 2013 – the last accounts available, and £1million in 2012.
If
the funds had been paid to Mr Vine through the Pay As You Earn scheme
used by most firms, it would have been taxed at 40 or 45 per cent.
But
by channelling them through a private firm, he can declare them as
company profits, subject to corporation tax of 23 or 24 per cent.
It
is not clear whether these were earnings for Mr Vine’s BBC work or
included other fees such as payments for speeches or book royalties.
Photo credit:Daily Mail
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