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Author Topic: Have Saracens broken salary cap rules?  (Read 4616 times)

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thomh

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Re: Have Saracens broken salary cap rules?
« Reply #15 on: Monday 04-Mar-2019, 13:11* »
A pension is a legal way of giving an employee money.

A house is not.

Why not?  So long as the correct amount of tax is paid on the value of the house I see no reason why it couldn't be. 

In any event, what they actually seem to have been given is shares in companies which in turn own properties.  Awarding shares to employees happens all the time, albeit usually it's shares in the company the employee actually works for.

The really strange thing here is why, if this IS part of a salary cap avoidance scheme, has it been done in a way that it so easily ascertainable by anyone who happens to type "Vunipola" into Companies House while procrastinating?  English companies have to declare any persons with significant control, including shareholders over a certain % threshold, so using shares in English companies to circumvent salary cap regulations would be bizarrely transparent.  Here's one of them for example:

https://beta.companieshouse.gov.uk/company/10592745

 

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