what do people think the outcome of the IR35 review will be?
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Originally posted by THEPUMA View PostFlat rate for IT contractors up to 14.5% from 13%. So someone billing £100K + VAT will pay make an additional profit per annum of £375, before taking account of any additional input VAT they might pay.
PUMABlood in your pooComment
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Originally posted by SackmanandCo View Postwhat do people think the outcome of the IR35 review will be?Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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Originally posted by Dearnla View PostCGT reduction probably gives me an extra £700
Most of IT contractors use schema: min salary + max dividends. may be I am missing something but CGT is taken from dividends so we are going to lose 10% more or what? CGT was 18%...Comment
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Originally posted by maxima View Postcan anyone explain how increasing of CGT gives anyone extra?
Most of IT contractors use schema: min salary + max dividends. may be I am missing something but CGT is taken from dividends so we are going to lose 10% more or what? CGT was 18%...
CGT is not taken from dividends. CGT is only payable when you sell an asset. It normally is not important for contractors although you may use the enterpreneur's allowance when shutting the company.Loopy LooComment
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I dont think the review of IR35 will mean lower taxes. Speculation continues that NIC could be charged on dividemds!!Comment
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