Family business tax back on the agenda.

[malvolio]

Ah but is your customer the bank or the agency? I'd keep quiet and let the C stream students introduce another bill that the A stream barristers can drive a bus through (again)

Silly question. Your customer is the one stumping up the cash for the service. The agent is merely a factor. A more intelligent question is "How do you separate between different divisions, organisations or cost centres within the same overall corporation?".

But since you're clearly not a C stream student, what actually is the answer to the whole IR35 question then?

[LisaContractorUmbrella]

My feeling, for what it's worth, is that HMR&C don't like single person Limited Companies and will do whatever it takes to ensure that they can only operate through PAYE - it seems that HMR&C understand big business and they understand PAYE but they don't accept that there can be anything in between.

[kaiser78]

Wouldn't get my vote and I have always voted Tory (sorry coalition).

[bobspud]

Silly question. Your customer is the one stumping up the cash for the service. The agent is merely a factor. A more intelligent question is "How do you separate between different divisions, organisations or cost centres within the same overall corporation?".

But since you're clearly not a C stream student, what actually is the answer to the whole IR35 question then?

First off are hmrc really out of pocket if my company turns over 140k pays 21% on most of it and collects an additional 20% in vat on their behalf?

Leave the legislation to rot in the statute books. Meanwhile contractors everywhere prop up the UK with loads of stupid purchases like cars, beer and dancing girls..

If you leave me with enough disposable cash then sooner or later I will get bored and go buy another sports car that will be expensive enough to attract VAT, Top VED and drink petrol like I drink beer, all of which is a he'll of a lot of indirect tax that hmrc does not need to struggle to collect.

I regularly entertain customers at the sanderson in London again racking up massive bills made up mostly of tax...

At the moment I am reconverting a barn, and next year I predict that I will pump about 40k into local craftsmen for bespoke oak windows and a new roof. All sending disposable cash whizzing around the west country And again 20% of it will be vat...

So who benefits if HMRC takes more of my tax at source?
No big car for me or the petrol and VED..
Pub and a sandwich for the clients...
Diy work on the barn

Lower growth for the country

Why waste time and money trying to beat companies like KPMG when it's so much clearer who got the grades when they get to court?

[Fred Bloggs]

That's a terrific argument and one that many of us could make however it seems the party of aspiration and wealth creation could be about to s h i t on us from a great hegiht.

[malvolio]

That's a terrific argument and one that many of us could make however it seems the party of aspiration and wealth creation could be about to s h i t on us from a great hegiht.

It's a naive argument. The most HMRC can take out of the freelance sector is around 5% of the interest payments on the money UK is borrowing. It's not about money.

[Fred Bloggs]

It's a naive argument. The most HMRC can take out of the freelance sector is around 5% of the interest payments on the money UK is borrowing. It's not about money.

So, if it's not about money, it's all about the politics. I wonder how many freelancers, like myself, voted tory because we beleived that vicious attacks like this belonged to a labour government? Never again will I vote tory if policies like this are put into law. At the moment, it seems the liberals are right, "you can't trust Osborne and Cameron". To be honest though, I always suspected this to be the case but gave them the benefit of the doubt at the election.

[malvolio]

So, if it's not about money, it's all about the politics. I wonder how many freelancers, like myself, voted tory because we beleived that vicious attacks like this belonged to a labour government? Never again will I vote tory if policies like this are put into law. At the moment, it seems the liberals are right, "you can't trust Osborne and Cameron". To be honest though, I always suspected this to be the case but gave them the benefit of the doubt at the election.

You're right, but let's see what the OTS is really talking about before we get all hysterical. The S660 debate is a lot sexier than some of the other things they're looking at - did you know, for example, there is a CT relief for the manufacture of Angostura bitters...? ANd if S660 does comes back into consideration they will have a lot harder battle this time around.

[escapeUK]

I wonder how many freelancers, like myself, voted tory because we beleived that vicious attacks like this belonged to a labour government? Never again will I vote tory if policies like this are put into law.

I remember the last Tory government and felt they were the party for hard workers and people who aspired to better themselves.

The new government seems to be just like Labour, and when they announced they would create new "positive action" laws to unfairly give jobs to women and minorities, I realised I would have to vote BNP in future.

All 3 mainstream parties seem hell bent on destroying this country.

[SueEllen]

I remember the last Tory government and felt they were the party for hard workers and people who aspired to better themselves.

The new government seems to be just like Labour, and when they announced they would create new "positive action" laws to unfairly give jobs to women and minorities, I realised I would have to vote BNP in future.

You've just shown you are a sexist and a racist and don't have any understanding of the range of ways the laws can be used.

I use to house share with male teachers and know head teachers. When the head teachers and school governing body have had male candidates they wanted to give an open teaching post to, they had to make up reasons why he was better than all the female candidates. Now they don't have to the school can just say the majority of our teaching staff are female so we are employing a man.