TOP ITV stars face losing a small fortune in an HMRC crackdown, The Sun on Sunday can reveal. Bosses have been told to treat them as staff on PAYE instead of paying them via service companies — potentially doubling tax bills.
It means instead of corporation tax at 19 per cent, they will pay 40 per cent on earnings between £50,271 and £150,000 plus National Insurance.
The “IR35” rule also means employers would have to pay backdated tax rather than the employees. A source said: “It’s caused chaos at ITV and meant a total overhaul of the stars’ payment system.” Tax expert Dave Chaplin said ITV is keen to move its stars to PAYE so HMRC does not challenge its existing pay arrangements, exposing it to having to pay back-dated tax bills. .css-16e4f55{margin:16px 0;}.css-1czxmma{background-color:rgba(252,239,255,1);margin:16px 0;}.css-1tapza8{padding:20px 15px;}.css-1bk4jdt{padding:20px.
Read more on thesun.co.uk