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Author Topic: Have Saracens broken salary cap rules?  (Read 4567 times)

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Quinky

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Re: Have Saracens broken salary cap rules?
« on: Monday 04-Mar-2019, 10:46* »
why should two individuals not start a business venture together?

Because one is employer and the other employee. It's like saying why should one guy not give another guy a house or car if he wants to? If they are an employee then a benefit is conferred. Similarly, if I invest in a business which is simply a vehicle for transferring funds from me to an employee then I'd better make sure I'm not evading tax...

Er, no it's not like that at all. People can go into business with whomever they like, regardless of their existing relationship. One person employing another doesn't automatically preclude them from going into business in an entirely different venture. It's not like "giving them a car or a house". Let's assume you are employed by someone, and you have a completely new business idea that you think may interest them; you approach them and suggest going into some form of partnership... should they decline because they employ you? No. But if you can point me to any legislation that says it's not allowed, I'd be really interested to see it.

What may be an issue is funding of the business activities, and I see you mention HMRC. However, provided it's all been properly recorded and declared (which we don't know), then it's hard to police it.

As I said earlier, just because it doesn't look good, that doesn't mean it's not legitimate. Part of me wants it to be found to contravene the rules - but my gut feeling is that it will be covered up, forgiven, found to be not worth challenging, or whatever.

Sarries - the best team money can buy.

 

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