Originally posted by WordIsBond
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Official Summer 2015 Budget Thread
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Originally posted by WordIsBond View PostIf you make the spouse a director, it is easier to justify a higher salary.
Just being a director does not automatically infer some sort of value associated with the title."Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.Comment
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Originally posted by tractor View PostAs with IR35, the devil will be in the detail.
Expect the worst, then you won't be disappointed.Comment
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Originally posted by Platypus View PostThanks, but I think this is what I was referring to:Comment
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Originally posted by DaveB View PostJust being a director does not automatically infer some sort of value associated with the title.Comment
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Originally posted by TheCyclingProgrammer View PostOr Co. Sec. If your spouse is a shareholder then she probably ought to be one of those two things anyway."Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.Comment
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I notice as a minor curiosity that the chancellor quoted 2 people in his support in his speech: Ed Balls and Alastair Darling.Comment
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Originally posted by SpontaneousOrder View PostIt would be nuts for it to affect ltds. Arguably even many brolly contractors.
Day rates would have to shoot up overnight, or the workforce will collapse as so many people travel so far to work on contracts.
This just means those with low/zero T&S will now have a competitive advantage and will clean up all the available contracts.Comment
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Originally posted by TheCyclingProgrammer View PostAlso things to think about how it affects those who have a spouse/partner/whoever as a company shareholder. Will the £5k dividend allowance apply irrespective of you other income? If your only income is dividend income, will you still get taxed at 7.5% on dividends between £5-10k even if within the personal allowance threshold, or can you actually earn £15k (personal allowance + dividend allowance) before paying any tax?
Top of page 45, 1.187:
Combined with the increases the government has made to the personal allowance and the introduction of the Personal Savings Allowance, from April 2016 individuals will be able to receive up to £17,000 of income per annum tax free....
That's not ironclad, but that's the way it seems to read.
Originally posted by TheCyclingProgrammer View PostOr Co. Sec. If your spouse is a shareholder then she probably ought to be one of those two things anyway.Comment
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