Those baby videos make me feel quite ill. New depths.
Someone was asking about income tax etc on the bonuses. Well I have been reading the Forever Living Handbook (I am on maternity leave at the minute) and have found a few interesting things.
Only people can be distributors, not companies. So all the companies set up by the bots are for something different. This means, sadly, that Companies House info will not tell us about the 'wealth' generated from FL.
The companies may have been set up for their 'sideline' businesses.
It means that they personally are liable to the income tax (as I said earlier, strange that no bot mentioned it in January!).
They also need to register for VAT if applicable. It is applicable if their retail sales and bonus income exceed £82,000 in a 12 month period. This is made very clear in the handbook.
So heads up, bots. I have the bonus details for May 2015. I am going to assume that each bot made at least their bonus income in retail sales that year. And I am sending the bonus details, plus the handbook, highlighted, to HMRC today. If you exceeded the threshold in May 2015 then you should have registered in June 2015.
Don't worry though. I am sure you are all registered, because I am sure you all have accountants. The reason I am sure? Because just as you prey on vulnerable women, dodgy accountants will prey on you!