10% Tax

[minstrel]

I disagree. I can say with absolute certaintly that our glorious new leader will do all he can to fudge the laws so that we have to hand over more of our hard earned money in the next 2-3 years while making the great unwashed think that tax has gone down by cutting the base rate by 0.25% and bringing in a swath of new stelth taxes.

After all it's only fair........

[Bradley]

Avoidance

Any advice on what I should do?

I started up a limited company about 6 months ago with a plan to winding it up about 2 or 3 years later to take advantage of taper relief. This was a 'plan' heavily promoted by SJD. At the time SJD said 'they know of no reason why the taper relief should be removed', now they are saying they 'always wondered how long it would last'.

It seems firms like Grant Thornton are already offering clients advice over this (see link below), but SJD despite heaving pushing the use of this aren't offerning any advice at the moment.

http://www.shout99.com/contractors/s...le.pl?id=44222

The SJD plan would only have worked if you were not going to contract again. If there was the intention to contract again then its caught by http://www.hmrc.gov.uk/manuals/ctmanual/CTM36875.htm paragraph e