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According to the document, it is aimed solely on people engaged in public sector roles. For now!
But its the thin end of the wedge, I guess.I couldn't give two fornicators! Yes, really!
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Cheeky barstewards! They dont mention nor include the VAT a PSC with a T\O of 120k would generate compared to a salaried person on the 'same' wage!
And how can you compare a PSC to someone earning the same wage!?
There's no way I as an employee for anyone would earn 120k in my part of the country (and Im talking from west Midlands up to Newcastle Upon Tyne)!
My 'salary' would be 40k tops so they are getting shedloads more tax out of me than if I were an employee.
Bunch of bellwhiffs!I couldn't give two fornicators! Yes, really!Comment
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Another document from HMRC extolling an open approach to an issue, but in fact already deciding what shall go into the Finance Bill even before consultation starts.
And how about the £23,211 tax difference on page 8? The paper omits the PSC payment being subject to VAT.
Let's assume FRS VAT at say 14.5% - that should be fairly typical of our trade. So that's an extra £17,400 the PSC pays, making total PSC tax £51,705. So the difference between PSC and Employee is not £23,211, it's £5,811. That's break-even territory, in which the government should recognise that on top of this modest difference, they as end user client do not need to pay 13.8% NICs, they don’t have to provide pension contributions, sick pay, holiday pay etc etc.
"Tax doesn't have to be taxing"!"My God, it's huge!!"
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I'm supprised with all this press on the mater and the MP's being all morally up there own butts, the press haven't picked up and reported the fact MPs are given exemption from Tax avoidance rules, its a bit rich for MP's to take the moral high ground.. linky >>>
MPs given exemption from tax avoidance rules - TelegraphComment
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Think about it. Properly managed, this could turn the whole thing back on to HMG and make them look every bit as fiscally inept as we always thought they were. LEt's just keep feeding them the rope for a while...Originally posted by LisaContractorUmbrella View PostWe don't seem to have an 'I am suffering a severe attack of apoplexy at the unbelievable hypocrisy' so I will just have to make do with
Blog? What blog...?
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A Tory Government? This is all being driven by Cable and Alexander, two seriously left wing socialists with more in common with Millipede than Cameron. They control the Coalition, that's why they can get in the way of everything we want to see done to help the recovery. If they did cross the floor to where they belong, they'd take some like-minded MPs with them and Cameron could then point at the Lb Dumbs and say they are more interested in votes than in helping the UK.Originally posted by LisaContractorUmbrella View Post
The Lib Dumbs are near dead anyway, if they kill the government off they'll be gone forever. And hopefully enough people will realise the truth and give Cameron a majority. After all, nobody in their right mind, least of all the average Sun reader, wants the perfectly-named Balls in charge of the economy.Blog? What blog...?Comment
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Actually it's not. Although it has stemmed from a review of public sector staff it is being used to target:Originally posted by BolshieBastard View Post
"Where people are in a position to control the major activities of an organisation the organisation, whether public or private should be able to have the assurance that the worker who is in a controlling position in the company is meeting their tax obligations"
A 'controlling position' is defined as "Someone who is able to shape the direction of the organisation having authority or responsibility for directing or controlling the major activities of the engaging organisation during the year. This would be someone who has managerial control over a significant proportion of the organisations' employees and/or control over a significant proportion of the budget of the organisation"
There is no definition of the word 'significant' .....again.Comment
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