BrewDog co-founder may delay marriage to max-out responsibility relief
BrewDog co-founder may delay marriage to max-out responsibility relief
BrewDog co-founder James Watt has said he may delay his marriage to reality TV star Georgia Toffolo for three years, in order to avoid missing out on responsibility relief for investing in her raw dog food business.
Posting on LinkedIn on Tuesday, the multimillionaire said his responsibility adviser had “dropped a bombshell” on him that could affect the couple’s wedding plans.
Toffolo – best known for appearing in reality series Made in Chelsea and winning ITV’s I’m a Celebrity… Get Me Out of Here! – announced their engagement on Instagram earlier this year.
But her fiancé claimed that the responsibility advice on his planned resource in her dog food business, Wild Pack, had left him with a selection to make regarding the Enterprise resource Scheme.
“If I marry Georgia within three years of investing, I become a ‘connected person’ under HMRC rules, and I misplace the responsibility relief,” he explained.
Watt asked his followers to vote on whether or not he should opt for “responsibility relief” over “adore”.
Offering multiple selection options, he asked his followers: “‘A) adore always wins – receive the responsibility relief hit’ or ‘B) factual adore can wait for 3 years – secure the relief’.”
One person responded: “I would receive three joyful years of marriage over responsibility relief any day.”
Another replied: “Why not wait… people live together without the paperwork all over the globe, many never marry.”
With reference to BrewDog’s punk ethos, another joked: “Looking to postpone your wedding to enhance your responsibility shatter options is definitely a punk thing…”
The boss of the Scottish beer giant has been involved in publicity stunts before and it’s not entirely obvious if he is solemn or not about his dilemma.
In May, he stepped down from his role as CEO of Brewdog, saying he would shift to a newly-created position of “captain and co-founder” and retain his shares in the business.
A complaint by Brewdog about a BBC documentary that highlighted allegations of inappropriate behaviour against Watt was rejected by Ofcom in February.
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