HMRC think you are tax evading scum - what will you do?

[d000hg]

Well until they level the playing field yes, I already pay treble in corporation tax than what would be paid in tax, NI and ER NIC's if I were a permie. Plus from next year another 2k when the dividend tax comes in, what more do they want? Where does it stop?

Dividend tax pretty much does level what was previously a very UN-level playing field, in terms of take-home % on equivalent earnings.

The reason you pay so much tax now is because you earn so much. If you took a lower rate, you could cut your tax payments drastically.

[DimPrawn]

Dividend tax pretty much does level what was previously a very UN-level playing field, in terms of take-home % on equivalent earnings.

The reason you pay so much tax now is because you earn so much. If you took a lower rate, you could cut your tax payments drastically.

Wow genius. I have a plan to reduce everyone's tax payments to zero.

[The Spartan]

Dividend tax pretty much does level what was previously a very UN-level playing field, in terms of take-home % on equivalent earnings.

The reason you pay so much tax now is because you earn so much. If you took a lower rate, you could cut your tax payments drastically.

And that is the reward for the risk that I'm taking, plus I have to put money aside for a rainy day as I have no benefits or security to fall back on.

[DimPrawn]

And that is the reward for the risk that I'm taking, plus I have to put money aside for a rainy day as I have no benefits or security to fall back on.

He doesn't get that whatsoever. Permies have a million pages of legal protection to ensure they never suffer any hardship or loss of income whilst at work. Legal govt protection.

We have feck all, just constant govt attacks.

[MicrosoftBob]

He doesn't get that whatsoever. Permies have a million pages of legal protection to ensure they never suffer any hardship or loss of income whilst at work. Legal govt protection.

We have feck all, just constant govt attacks.

And George Osborne standing behind us smiling, thinking no lube for you non tory party donating tax dodging scum

[d000hg]

And that is the reward for the risk that I'm taking, plus I have to put money aside for a rainy day as I have no benefits or security to fall back on.

The reward is you earn a lot more, not that you pay less tax on what you earn.

You seem unable to differentiate between absolute and relative. You will now receive about the same relative take-home, but on a much higher income than a permie... so of course your tax bill will be higher than a permie's.

[Zero Liability]

So how is it that all other businesses get to enjoy preferential tax treatment then relative to PAYE income, with the justification being that they bear risk? Bearing in mind that risk refers to the possibility and not necessarily the realisation of a negative outcome. Some firms face very low risk yet no one is proposing making them pay rates similar to PAYE.

Also, given that contractors forsake many legal protections the govt provides to contractors, again why should the tax rate be the same? I don't think you have any real argument worth mentioning on this front.

[DimPrawn]

I don't think you have any real argument worth mentioning on this front.

Whenever you see a doog post, think and move on.

[VectraMan]

So how is it that all other businesses get to enjoy preferential tax treatment then relative to PAYE income, with the justification being that they bear risk?

Hands up any contractors that have actually lost money.

You don't bear a risk.

[The Spartan]

The reward is you earn a lot more, not that you pay less tax on what you earn.

You seem unable to differentiate between absolute and relative. You will now receive about the same relative take-home, but on a much higher income than a permie... so of course your tax bill will be higher than a permie's.

Yes we've discussed that part, but what about the risk I'm taking?