WOW - Just been for a run and come back to this!
Few thoughts:
- Ha Ha Castle. The next set of accounts will be fun for her
- Yawn - That giant directors loan is looking very scary now
- Bruv - He is quite the simple one isn't he, whooping at EVERYONE else getting cheques and bigging up the company whilst he gets
nowt.
JL Bot - She won't see much of that cheque after HMRC find out
Uber - I think she has got a cheque, just massively dropped. I believe she still has some power in her ranks and probably sold the old 'if they see how low my cheque is, it will demoralize the masses'
Castle does not have the above power anymore, she is a FL has been. Really not the poster girl she was.
All in all, its going to be a very very long year for these guys financially.
All these cheuqes will have to have income tax or dividend tax paid on them. Se even if it has been earmarked for other costs, they will have to find the tax from somewhere.
Taxation will be horrific over the coming years to pick up the tab for Corona expenses, I imagine rolling over directors loans indefinatley will be thing of the past. I can see the government giving HMRC a LOT of power and teeth to collect what is owed.
All in all, they are all on borrowed time. The music has stopped, and they are left holding their gigantic loans, and mortgages and flash cars.