Originally posted by tomtomagain
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Will contract rates increase to pass dividend tax increase to clients?
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"I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
- Voltaire/Benjamin Franklin/Anne Frank...Comment
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To make up for it, I'm going to negotiate a reduction in the agent's margin when we start talking about my contract renewal.
What's 10% of nothing?…Maybe we ain’t that young anymoreComment
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Originally posted by tomtomagain View PostAt the end of the day HMRC view a LTD company as a device to create jobs and value
The State must take taxes off people to pay for State services. The Economy largely works on capitalism and we mainly take tax off people who have income from jobs. Jobs are however a stressed resource, so it makes all round sense for the State to give tax breaks to those who create jobs. It's an investment in future tax revenue.
Contractors are almost entirely consumers of jobs created by other people so it doesn't make sense to make job creation tax breaks available to them.
Having said that, it's only you and I that see things that way"Don't part with your illusions; when they are gone you may still exist, but you have ceased to live" Mark TwainComment
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Originally posted by WTFH View PostTo make up for it, I'm going to negotiate a reduction in the agent's margin when we start talking about my contract renewal.
What's 10% of nothing?Comment
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Originally posted by Cirrus View PostI totally agree.
The State must take taxes off people to pay for State services. The Economy largely works on capitalism and we mainly take tax off people who have income from jobs. Jobs are however a stressed resource, so it makes all round sense for the State to give tax breaks to those who create jobs. It's an investment in future tax revenue.
Contractors are almost entirely consumers of jobs created by other people so it doesn't make sense to make job creation tax breaks available to them.
Having said that, it's only you and I that see things that way
If you're not running a bona fide consultancy with an office outside your home and part- or full-time staff that do more than get you more tax-free money you're just taking the piss.
I can only imagine the government doesn't crack down on it because too many of them are doing it themselves...Comment
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Originally posted by seanraaron View PostI cannot see why people who have a one or two person ltd (gotta remember the wife!) are allowed to pay themselves dividends or anything else really. The idea a contractor has a "company" with "shares" is laughable.
If you're not running a bona fide consultancy with an office outside your home and part- or full-time staff that do more than get you more tax-free money you're just taking the piss.
I can only imagine the government doesn't crack down on it because too many of them are doing it themselves...'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by pr1 View Postwhat's 90% of nothing?…Maybe we ain’t that young anymoreComment
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Originally posted by seanraaron View PostI cannot see why people who have a one or two person ltd (gotta remember the wife!) are allowed to pay themselves dividends or anything else really. The idea a contractor has a "company" with "shares" is laughable.
If you're not running a bona fide consultancy with an office outside your home and part- or full-time staff that do more than get you more tax-free money you're just taking the piss.
I can only imagine the government doesn't crack down on it because too many of them are doing it themselves...
You really don't have a clue about UK law. We in knowledge industries are incorporated because there is no other way we can work with agencies or medium/large consultancies otherwise."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by WTFH View PostSame amount I pay an agent in my current contract.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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