As a Limited Company they will have to pay income and corporation tax. This is where we see the true 'genius' of M's accounting.
If you look at their full accounts for 2016 filed on 28th Nov 2016 (micro accounts filed since then), this is where we see M's creativity with expenses at work.
https://beta.companieshouse.gov.uk/company/06394187/filing-history
In 2016 their turnover or total business income was £490,267 down from £795,577 the previous year.
So, despite a massive drop in income in real terms, N&M (probably solely N)
earned almost half a million pounds in 2016!
Whilst the £3K per episode of LW figure bandied around on here doesn't sit well with me, N's certainly been earning a fortune. Life is not fair when it comes to money. But then we see the champagne socialists getting richer, because M deducted so many 'administrative expenses' from this that
they only paid tax on £17,145.
This is madness,
they paid £3,462 tax to HMRC on an income of £490,267 in 2016.
This is 0.7% tax! I'd call this a sliver, rather than a chunk.
We run our own limited company. We learn less than N&M but pay significantly more tax than this. This is because we deduct our legitimate business expenses before paying tax and
then pay for our living expenses.
I've seen how M&N live on YT, fucking spendthrifts. They spend money like water
before paying tax.
Food, storage containers, plants, other garden shit (minus the stolen gravel for the Ibiza path), luxury food, cinema memberships, take aways, regular theatre tickets, coffee machine and pods,
home schooling costs, food, petrol, London Congestion Charge, magazine subscriptions, designer Tshirts for M, gallery memberships, meals out, the latest toys for M's cave, kitchen gadgets, M's new laptop (Does N own one of her own?), holidays, cocktails at Soho House for N and she probably treats Lee and Lisa (her
friends staff), wifi (although they could legitimately ask for a refund - those pesky gremlins are forever messing the poor submissives around
), digital packages (Netflix, AppleTV, Disney TV etc), weekends in central London hotels a few miles from their own bed, M's new car / N's taxi, mobile phone contracts with unlimited data, exotic ingredients.
Then there's Vlogmas; I Can't Even Go There. The waste and greed they exhibited last year started the ball rolling that lead me to tattle.
You see, Mr 'purse strings' M has quite the lifestyle despite earning jack shit. It's a shame he can't appreciate it because of this This may even have been all about the kitchen extension, which was paid for from N's 2015 appearance on Big Brother. This would be doubly immoral, as we all know that adding space and therefore value to your home means you're quids in on resale value (especially in London). Either that or they are paying Michelle a 6 figure salary.