I'm wondering how many of us are the much vaunted £250,000 mean earners with multiple income streams who also use Ltds to improve their tax efficiency, as stated by HMRC and various press reports?
Like previous posters I have used these schemes since IR35 was introduced and the sheer stress of running a Ltd and attempting to ensure I remained legal was a ludicrous overhead that put my family under a great deal of pressure.
I know for a fact that I live in an old Victorian terrace the size of a shoebox, drive a car paid for mostly by my parents, and have been consistently in and out of work since the market fell apart in 2008, losing my life savings a grand total of three times, the last occasion on the near-death of my wife during the birth of our one and only child, which forcibly put me out of work whilst I cared for her and looked after a newborn.
I've been on holiday for a grand total of two weeks in eight years, notably since having the kid so we can just spend some time together.
Obviously feel free to tear into me for the sob story but to be perpetually in a state of financial dire straights and then have the govenrment not only decide to query the validity of my finances four years after the fact, but to then announce that they intend to grant themselves the right to just take whatever they deem fit, with no independent oversight or actual proof of wrongdoing, and to change the law such that it applies retrospectively is a total kick in the teeth.
It also pretty much ensures that I will fight them to my very last breathe, as I'll quite literally have nothing else to do with my time once I'm totally bankrupt and unable to continue with my career (such as it ever was.)
When exactly did Britain become a fascist state with Guilt before Innocence?
Like previous posters I have used these schemes since IR35 was introduced and the sheer stress of running a Ltd and attempting to ensure I remained legal was a ludicrous overhead that put my family under a great deal of pressure.
I know for a fact that I live in an old Victorian terrace the size of a shoebox, drive a car paid for mostly by my parents, and have been consistently in and out of work since the market fell apart in 2008, losing my life savings a grand total of three times, the last occasion on the near-death of my wife during the birth of our one and only child, which forcibly put me out of work whilst I cared for her and looked after a newborn.
I've been on holiday for a grand total of two weeks in eight years, notably since having the kid so we can just spend some time together.
Obviously feel free to tear into me for the sob story but to be perpetually in a state of financial dire straights and then have the govenrment not only decide to query the validity of my finances four years after the fact, but to then announce that they intend to grant themselves the right to just take whatever they deem fit, with no independent oversight or actual proof of wrongdoing, and to change the law such that it applies retrospectively is a total kick in the teeth.
It also pretty much ensures that I will fight them to my very last breathe, as I'll quite literally have nothing else to do with my time once I'm totally bankrupt and unable to continue with my career (such as it ever was.)
When exactly did Britain become a fascist state with Guilt before Innocence?
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