Can we expect a greater leniency or even abolition of it perhaps?
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Early days, but any signs of where the new govt will fall on IR35?
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Unlikely to be abolished altogether. I reckon they review it in a year when they decide to get round to it and possibly simplify it.
Think IR35 is going to be with us for a while -
Originally posted by Dandyman View PostCan we expect a greater leniency or even abolition of it perhaps?Comment
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Originally posted by Sally BFCA View PostI wouldn't place too much hope on it being scrapped. Bearing in mind the state of the Government debt, they are going to want to glean as much money as possible. As IR35 hasn't netted them what they thought it would, they could put something far more scary in it's place. Something that has no grey areas and easy to administer, unlike IR35Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave JohnsonComment
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Originally posted by Sally BFCA View Postthey could put something far more scary in it's place. Something that has no grey areas and easy to administer, unlike IR35
Treat all income as income. No grey areas there, simples to administer.Free advice and opinions - refunds are available if you are not 100% satisfied.Comment
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Originally posted by Wanderer View Postwhy should people pay substantially less tax on dividends compared to income through PAYE?
Treat all income as income. No grey areas there, simples to administer.Comment
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Originally posted by Wanderer View Postwhy should people pay substantially less tax on dividends compared to income through PAYE?.
The main difference is the national insurance. This is charged on income from employment and is not charged on investment income (interest, dividends etc.). The reason for this is that national insurance is supposed to pay for unemployment benefit, pensions etc and these are mainly employment related, so the national insurance was applied on income from employment. Nowadays it is just really another tax. It could be charged on investment income but that would probably make the government very unpopular with lots of people who have finished work and who rely on investment income to live.Comment
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