New proposal from IPSE - Smoke and mirrors?

[Zero Liability]

You don't need to be reminded. You said a few posts back it's coming and have said several times that we have to be able to make our own proposal. You have also stated here and over there that the gov is looking at other countries models including the German one. Why would they not take into account the US model when determining what we get?

Particularly considering how similar the UK is in many respects to the US where the tax system is concerned.

[LisaContractorUmbrella]

I'm assuming that a FLC would be taxed the same as self-employed if it did go ahead, so no Employer's NI. Just class 4 NIC's.

Would FLC mean we could operate as the same entity i.e. Self Employed with the protection of a LTD and just put all our Income/Expenditure on our self assessment and not need accountants to manage the company accounts. Could you carry forward retained profit?

If you were going to be getting some of the rights of an employee (which is essentially what's being proposed) then I can't see that you would be charged anything other than Class 1 NIC's; even if they did apply SE NIC's the false self-employment legislation would apply so you would have to prove no SDC which means that you are pretty much back to IR35

[malvolio]

If you were going to be getting some of the rights of an employee (which is essentially what's being proposed) then I can't see that you would be charged anything other than Class 1 NIC's; even if they did apply SE NIC's the false self-employment legislation would apply so you would have to prove no SDC which means that you are pretty much back to IR35

I don't know, but if the IPSE proposal contains anything about employee rights I would be very surprised..