Neila Posted December 25, 2023 Report Share Posted December 25, 2023 Great signing for the Comets, very impressed when she was at worky earlier on in the season, very stylish and fast on borrowed machinery, looking at other teams reserves on here she will be in the top 3 reserves in the league imo 1 Quote Link to comment Share on other sites More sharing options...
Nickinho Posted December 26, 2023 Report Share Posted December 26, 2023 I can't see both Vuolas and Zischke riding at 3 and 4, one of them will probably be at number 2. Quote Link to comment Share on other sites More sharing options...
hackneyrocket Posted December 28, 2023 Report Share Posted December 28, 2023 MPT and Connor Mountain complete the Scunthorpe team for 2024 Quote Link to comment Share on other sites More sharing options...
foreverblue Posted December 28, 2023 Report Share Posted December 28, 2023 On 12/24/2023 at 5:15 PM, Filth said: What else is it? Expand Wear and tear on van, extra servicing costs, tyres etc unless all van costs are paid.Hotel rooms unless they always sleep in the van. Food costs more if you dont eat at home and its tiring travelling long distances and tiredness leads to eating more than you would normally. I would expect an allowance for fuel, i would not expect every mile of fuel is paid as some fuel would be for personal use. Quote Link to comment Share on other sites More sharing options...
Bandit59 Posted December 28, 2023 Report Share Posted December 28, 2023 Six spaces left only Quote Link to comment Share on other sites More sharing options...
IainB Posted December 29, 2023 Report Share Posted December 29, 2023 (edited) On 12/28/2023 at 9:54 AM, foreverblue said: Wear and tear on van, extra servicing costs, tyres etc unless all van costs are paid.Hotel rooms unless they always sleep in the van. Food costs more if you dont eat at home and its tiring travelling long distances and tiredness leads to eating more than you would normally. I would expect an allowance for fuel, i would not expect every mile of fuel is paid as some fuel would be for personal use. Expand As limited company "employees" the riders will be able to deduct £0.45 per mile (for the first 10,000 miles) and £10 per day subsistence for meals etc. And put any accommodation through their accounts as a tax deductible expense... along with any other "cost" for that matter Edited December 29, 2023 by iainb Quote Link to comment Share on other sites More sharing options...
lewy Posted December 29, 2023 Report Share Posted December 29, 2023 6 team places left to be filled, approx 20 riders from last season without a place yet,of course rider's new to British speedway could also be brought in it's definitely going to be interesting who the last 6 are. Quote Link to comment Share on other sites More sharing options...
RoundTheBoards Posted December 29, 2023 Report Share Posted December 29, 2023 (edited) On 12/29/2023 at 8:46 AM, iainb said: As limited company "employees" the riders will be able to deduct £0.45 per mile (for the first 10,000 miles) Expand I doubt many riders are limited companies (I know Tai Woffinden, Rob Lambert and Dan Bewley are) but that's irrelevant anyway. Even as self-employed sole-traders they can still claim 45p per mile for business miles. Edited December 29, 2023 by RoundTheBoards Quote Link to comment Share on other sites More sharing options...
IainB Posted December 29, 2023 Report Share Posted December 29, 2023 On 12/29/2023 at 7:09 PM, RoundTheBoards said: I doubt many riders are limited companies (I know Tai Woffinden, Rob Lambert and Dan Bewley are) but that's irrelevant anyway. Even as self-employed sole-traders they can still claim 45p per mile for business miles. Expand I have no idea... but personally I would have thought they all would be Quote Link to comment Share on other sites More sharing options...
RoundTheBoards Posted December 29, 2023 Report Share Posted December 29, 2023 On 12/29/2023 at 8:57 PM, iainb said: I have no idea... but personally I would have thought they all would be Expand Not worth the extra hassle unless you're earning big and then the benefits aren't massive. I think it's only this year that Woffinden and Bewley started limited companies. Quote Link to comment Share on other sites More sharing options...
IainB Posted December 29, 2023 Report Share Posted December 29, 2023 (edited) On 12/29/2023 at 9:12 PM, RoundTheBoards said: Not worth the extra hassle unless you're earning big and then the benefits aren't massive. I think it's only this year that Woffinden and Bewley started limited companies. Expand I would have thought all those riders sponsored by those accountants (is it stava, or something like that) would be limited. It shouldn't really be any hassle if the accountant does all the work for a few of points of earnings. If you've got a decent accountant they'll probably pay for themselves. Chris Harris used to be limited, assume he still is. It'd be interesting to know though. Edited December 29, 2023 by iainb Quote Link to comment Share on other sites More sharing options...
RoundTheBoards Posted December 29, 2023 Report Share Posted December 29, 2023 On 12/29/2023 at 9:28 PM, iainb said: I would have thought all those riders sponsored by those accountants (is it stava, or something like that) would be limited. It shouldn't really be any hassle if the accountant does all the work for a few of points of earnings. If you've got a decent accountant they'll probably pay for themselves. Chris Harris used to be limited, assume he still is. It'd be interesting to know though. Expand To what benefit? How many riders end the season having made a profit seriously in excess of £50k? Quote Link to comment Share on other sites More sharing options...
IainB Posted December 29, 2023 Report Share Posted December 29, 2023 On 12/29/2023 at 10:13 PM, RoundTheBoards said: To what benefit? How many riders end the season having made a profit seriously in excess of £50k? Expand Tax benefits for one, not sure how foreign earnings etc. are accounted for. I just naturally assumed they'd all be limited Quote Link to comment Share on other sites More sharing options...
RoundTheBoards Posted December 29, 2023 Report Share Posted December 29, 2023 On 12/29/2023 at 10:19 PM, iainb said: Tax benefits for one, not sure how foreign earnings etc. are accounted for. I just naturally assumed they'd all be limited Expand Why would anyone choose to be a limited company and pay 25% corporation tax when they only pay 20% income tax as a sole trader? Like I said, you'd have to be making serious profits to gain anything, and how many riders finish a season with profits way over £50k? (probably would need to be profits approaching £100k to get any worthwhile benefit) Quote Link to comment Share on other sites More sharing options...
Neila Posted December 30, 2023 Report Share Posted December 30, 2023 On 12/29/2023 at 10:30 PM, RoundTheBoards said: Why would anyone choose to be a limited company and pay 25% corporation tax when they only pay 20% income tax as a sole trader? Like I said, you'd have to be making serious profits to gain anything, and how many riders finish a season with profits way over £50k? (probably would need to be profits approaching £100k to get any worthwhile benefit) Expand Some of the published wages and signing on fees in Poland are lots of thousands of euros . Up to 500k last time I looked up some figures Quote Link to comment Share on other sites More sharing options...
RoundTheBoards Posted December 30, 2023 Report Share Posted December 30, 2023 On 12/30/2023 at 4:02 PM, Neila said: Some of the published wages and signing on fees in Poland are lots of thousands of euros . Up to 500k last time I looked up some figures Expand And how many British riders do you think are on a £500k deal with a Polish club? Quote Link to comment Share on other sites More sharing options...
Neila Posted December 30, 2023 Report Share Posted December 30, 2023 Not many but some are/will be on lots of euros, one rider got a 6 figure signing on fee a couple of years ago Quote Link to comment Share on other sites More sharing options...
bruno Posted December 30, 2023 Report Share Posted December 30, 2023 Would Brits pay UK tax on earnings in Poland Quote Link to comment Share on other sites More sharing options...
RoundTheBoards Posted December 30, 2023 Report Share Posted December 30, 2023 On 12/30/2023 at 4:25 PM, bruno said: Would Brits pay UK tax on earnings in Poland Expand Yes. Unless you're a Non-Dom. Quote Link to comment Share on other sites More sharing options...
Bandit59 Posted December 31, 2023 Report Share Posted December 31, 2023 Freddie Hodder signed for Berwick according to Stewart Dicksons Twitter Quote Link to comment Share on other sites More sharing options...
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