Budget 2015 thread

[Ticktock]

The government will consult on detailed proposals to restrict tax relief for travel and subsistence
for workers engaged through an employment intermediary, such as an umbrella company or
a personal service company, and under the supervision, direction and control of the end user.

That's fine then.

[tractor]

...

That's fine then.

No, because history tells us that HMRC will substitute the 'and' for 'or'.

[tomtomagain]

Why isn't Ed Balls doing the retort?

Because it's tradition that the reply is done by the leader of the opposition. No, it doesn't make any sense.

[vetran]

The chancellor gives the House a history lesson on debt, with a promise to redeem the last remaining undated British government bonds in circulation. "We'll have paid off the debts incurred in the South Sea Bubble, the First World War, the debt issued by Henry Pelham, George Goschen and William Gladstone." There are chuckles all round though when he adds that the debt Gordon Brown left "will take a little longer to pay off".

[SunnyInHades]

Wasnt just umbrella's though. Thought he said Agencies, umbrella's and intermediaries ie PSC's.

Yep he did.

"And we will stop employment intermediaries exploiting the tax system to reduce their own costs by clamping down on the agencies and umbrella companies who abuse tax reliefs on travel and subsistence – while we protect those genuinely self-employed."

Gonna have interesting implications.
Anyone fancy a 6 month contract 150 miles away starting May 2016 working via an umbrella ?

[ZARDOZ]

Ooh the deficit is falling as a percentage of something that is rising. Unemployment is falling if you don't count the majority of the econmically inactive.

What's this? the national debt is almost 1.5 trilllion and rising? How can that be? <sarcasm off>
UK National Debt Clock - No-nonsense Guide to Britain's Debt Crisis

[PerfectStorm]

Yep he did.

"And we will stop employment intermediaries exploiting the tax system to reduce their own costs by clamping down on the agencies and umbrella companies who abuse tax reliefs on travel and subsistence – while we protect those genuinely self-employed."

Gonna have interesting implications.
Anyone fancy a 6 month contract 150 miles away starting May 2016 working via an umbrella ?

Nah, you're alright!

[RSoles]

Hmm, don't like the use of the word 'agencies'. Nice, vague, Hector-friendly term....

[TheFaQQer]

Hmm, don't like the use of the word 'agencies'. Nice, vague, Hector-friendly term....

It's OK - an FLC will make it be exempt from this particular change

[OwlHoot]

Ooh the deficit is falling as a percentage of something that is rising. ...

WHS, and the rate of rising is largely within the Government's control, and thus a perverse incentive to increase Government spending as a proportion of GDP