Originally posted by Tuntun
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
BN66 - JR Judgement Day
Collapse
This topic is closed.
X
X
Collapse
Topic is closed
-
Blog? What blog...? -
Originally posted by WhatEver View PostI sent him a reply, nice and polite, see what he says tomorrow
Dear XXXXXXXX,
Thank you for your further comments. I accept that the original headline on the story referring to "tax dodgers" may have been unduly provocative
- it has since been amended to "tax avoiders".
Before you wrote to us, we had already added information to make it clear that the number of people cited by the barrister as possibly facing bankruptcy was drawn from a small sample.
As for my remarks, I am sorry you felt they were sarcastic and regret causing offence. However, the news story itself was an accurate and balanced report of the High Court judgement, reflecting both the key issue of the retrospective nature of the change and the judge's reasons for upholding the change to the law. It is highly likely that we will be revisiting this subject in the future.
If you wish to pursue any of the points you have raised, you can do so via the BBC's Editorial Complaints Unit at Room 5170, White City, 201 Wood Lane, London W12 7TS or by e-mail at [email protected] .
Best wishes,
Ian PollockComment
-
Comment
-
Originally posted by DonkeyRhubarb View PostBut it's not by a long way. We are barely 10 minutes into the first half.
Montpelier will appeal.
PwC are in court in March.
KPMG have applied to Europe.
And so long as there are people to fight for, I'll never stop.Comment
-
How do i find out how much i owe?
I am an extremely long time lurker who has been saddened angered into posting ,by the Judicial decision !
In my opinion , it seems to me that because the judgement was made so quickly , I think that the decision was a foregone conclusion and the judge had made his mind up before the evidence was presented !
I have never received any CN's from HMRC so have no idea what I allegedly owe them in tax (or interest for that matter) . I have been with MontP since 2004 .
Could somebody give advice on how I calculate or find out what I am supposed to owe in tax and interest?
Then I can make a decsion on whtehr to invest in a CTD or not.Comment
-
Originally posted by weeboaby View PostI'm depressed. And I only have a rough idea of what I owe. Not pretty.Comment
-
Originally posted by smalldog View PostPwC and KPMG are pretty heavyweight guys to be taking it further.....gives me more hope...Im wondering if any other organisations will now come out of the woodwork following the judgement...sure there are some people who have been waiting on the sidelines....there are all sorts of people including personalities and sports professionals who have used this kind of arrangement, allegedly...Comment
-
A proper tax structure for contractors
While we await developments on BN66, here is a thought.
I've been contracting for more than 20 years. When I started there weren't many contractors - unlike today.
When I started, my accountant advised me to work as a self-employed individual. No company or anything: it worked OK.
A few years later, legislation was introduced so that Agencies weren't allowed to deal with self-employed people, they could only deal with limited companies.
I formed a limited company. A company is something that strikes me as suitable for medium to large businesses, but daft for a one-man band. What on earth is the point of all those documents that have to be filed at Companies House, all those board minutes etc?
Then IR35 came along. Attempting to treat me the same as an employee was downright wrong. I didn't think like an employee, work like an employee, have an employees benefits and I change clients every six to twelve months. I found Montpelier and joined their scheme.
What the Government needs to do is to recognize that there are thousands of independent contractors. We aren't employees of our clients and limited companies aren't designed for us but for other kinds of business.
Government ought to establish a tax schedule that is designed for independent contractors. A schedule that treats us as independent businesses, allowing us to set off our necessary expenses against tax, acknowledging that wives/husbands/partners do make a contribution to the business and recognizing that we are a major contributor to the nation's flexible workforce.
We should not be forced to jump through stupid hoops just because the Government or HMCR are too lazy to think the problem through properly, or because they think that we can be milked. They need to recognize that the Contractor sector has grown into a significant part of the economy and they are trying to force it into tax legislation that is appropriate for other structures. They should respect the Contractor sector, design a tax structure for us and allow us to get on with our work.
Looking beyond BN66, how about a campaign, writing to our MP's, to Alastair Darling, George Osborne & maybe even HMCR itself to sort out the tax position of independent contractors in a fair and reasonable way?Comment
-
Originally posted by robinhood View PostHow can PWC win ? Same arrangements as us but I suppose with a different judge you never know
gotta remember it was consultancies that had enough corporate might to lobby for and encourage Dim Prawn to introduce IR35 legislation in the first place if they can do that, who knows what they can influence....the more big names that bring this to judicial attention the more chance we have..Comment
-
Originally posted by TaxDude View PostI want to put forward a suggestion that we form a committee to represent the users of this scheme and all those affected. The key output will be a website (www.fight bn66.org?) and this will allow us to put all valuable references in a single place to argue our case. It will also allow us to issue Press Statements for the community and get our point across and lobby the various groups (or politicians)
However, that being said I think a website with the facts and clear concise information for the press would be a great idea; but please be very careful before you set anything up, anything you do can impact the lives of 2500 familes.Comment
Topic is closed
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Reports of umbrella companies’ death are greatly exaggerated Today 10:11
- A new hiring fraud hinges on a limited company, a passport and ‘Ade’ Yesterday 09:21
- Is an unpaid umbrella company required to pay contractors? Nov 26 09:28
- The truth of umbrella company regulation is being misconstrued Nov 25 09:23
- Labour’s plan to regulate umbrella companies: a closer look Nov 21 09:24
- When HMRC misses an FTT deadline but still wins another CJRS case Nov 20 09:20
- How 15% employer NICs will sting the umbrella company market Nov 19 09:16
- Contracting Awards 2024 hails 19 firms as best of the best Nov 18 09:13
- How to answer at interview, ‘What’s your greatest weakness?’ Nov 14 09:59
- Business Asset Disposal Relief changes in April 2025: Q&A Nov 13 09:37
Comment