Originally posted by DimPrawn
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After Osbourne's attack on IT contractors
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Originally posted by d000hg View PostCan you show your workings out? i.e what is an average contractor, what permie salary you compared it to, what salary/dividend setup they use, how you accounted for not paying (much) personal NI, etc?
I rather suspect your sums are about as valid as UKIP's pre-election budget.
The point at which incorporating a business to save tax has normally been when profits hit the £40,000 mark. If the director/owner extracts profits by way of salary below the NIC threshold and higher dividends, then there is a saving of around £2,500 per annum to be made. As from April 2016 however that will be dramatically reduced to approximately £600, which will be absorbed by the compliance costs of running a company anyhow!Comment
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Originally posted by DimPrawn View PostThe point at which incorporating a business to save tax has normally been when profits hit the £40,000 mark.
I keep telling people that I didn't incorporate in order to avoid tax; maybe now they will believe me. BIDIComment
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Originally posted by d000hg View PostThere's quite a sense of entitlement amongst contractors. Apparently we're entitled to earn more money for a better working lifestyle, and to tax breaks as well.Comment
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Originally posted by DimPrawn View PostYou should have been an estate agent. With all the property ramping they are pulling in a fortune. Like £50k in fees on an average sale in the SE, and these houses sell themselves.
It's a pity you chose to pimp out some Romanians for £10/hr instead.
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Originally posted by AtW View PostWhat's the point to earn more money if it does not provide a better lifestyle???
What is the point?
Apart from annoying us all with your lunch threads in general that is....Comment
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Originally posted by tractor View PostIt's quite clear you don't pay voluntary tax/NI on your dividends and you don't pay all your companies profit out as PAYE, so you are a hypocrite and no one here will ever take you seriously.Comment
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Originally posted by expat View PostThis government, and Osborne in particular, are determined to reduce the economic impact of the state on their kind of people to the absolute minimum. This involves reducing the outgoings on things that do not affect their kind of people (e.g. benefits, savings) and increasing the take from those other than their kind of people (e.g. by removing small-time tax breaks).
What people on here had not grasped until now is that we are not their kind of people. Well, you know now.Comment
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Originally posted by zeitghostThat makes 2 of us then. I thought it was just line noise.Comment
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Originally posted by expat View PostCould you please explain this "paid the tab for your parents credit card binge" for me? I honestly don't know what you're talking about here.
Apparently some oik filling his nostrils with marching powder and lying about Libor is your Grannies fault because her private pension lost less than ours.Always forgive your enemies; nothing annoys them so much.Comment
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