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| Caterham Member Since: 06 Nov 2008 Location: Birmingham Posts: 6300   
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just thinking about going into / setting up a child labour scheme
basically can I pay my children to carry out a 'cosha' task of book keeping and pay them say £10 / wk. they're both under the age of 16 years. basically what can I pay them without there being any tax implications on their part? many thanks, |
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30th Jan 2019 2:01pm |
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| ericvv Member Since: 02 Jun 2011 Location: Near the Jet d'Eau Posts: 5816  
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How would taxes find out if you give such kind of small money to your kids? And don’t taxes have more important things to worry about in your country?
Eric You never actually own a Defender. You merely look after it for the next generation. http://youtu.be/yVRlSsJwD0o https://youtu.be/vmPr3oTHndg https://www.youtube.com/watch?v=_GtzTT9Pdl0 https://www.youtube.com/watch?v=ABqKPz28e6A https://www.youtube.com/watch?v=rLZ49Jce_n0 https://www.youtube.com/watch?v=XvAsz_ilQYU https://www.youtube.com/watch?v=K8tMHiX9lSw https://m.youtube.com/watch?v=dxwjPuHIV7I https://vimeo.com/201482507 https://www.youtube.com/watch?v=ZSixqL0iyHw |
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30th Jan 2019 2:35pm |
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| Caterham Member Since: 06 Nov 2008 Location: Birmingham Posts: 6300
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more important things....
what like letting murders off and castrating the average tax paying hard working bloke? If I were to put the payment down on my expenses it would be traceable. seems like a reasonable 'fiddle' to me but I just don't know? |
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30th Jan 2019 2:38pm |
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| Swine&Small Member Since: 20 Mar 2017 Location: Norfolk Posts: 1223 
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Expect they can earn £12000 per annum each as this is the basic tax free allowance
 1983 Series 3 Pick up in Marine Blue
1967 Morris Traveller 1966 Morris Convertible 2012 VW T5 Camper Quod Abundat Non Obstat. |
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30th Jan 2019 3:02pm |
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| ickle Member Since: 22 Jul 2010 Location: South Vendee Posts: 1786  
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As self employed / under VAT threshold I paid my daughter £20/month between 12 & 16 for basic admin duties.
Between 16 & 18 £40 plus one offs of £200 at tax time Away at uni anything I felt I could get away with to help towards living costs, setting up laptops, doing full tax returns etc. Anything she earned from me she declared but up to £11k ish its below the threshold so no issues. Be sensible, be consistent, pay some tax and all is good with the tax man |
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30th Jan 2019 3:13pm |
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| Laurie Member Since: 22 Feb 2008 Location: Sussex, England Posts: 2897 
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Aren't children under 16 only allowed to work one hour per day?
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30th Jan 2019 3:43pm |
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| Caterham Member Since: 06 Nov 2008 Location: Birmingham Posts: 6300
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not sure but I know the numerous paper rounds I had as a kid took at least double that.
I guess an hour a day isn't a problem ....so long as there's not rules about being on a ludicrous hourly rate  |
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30th Jan 2019 3:50pm |
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