Petition to get the gov to reconsider the dividend tax changes

[LondonManc]

I'd rather the agency/IR35 proposal got vetoed. We get very good tax breaks at the moment and while I'd know what to do better with 2k than gorgeous George, it's pin money compared to having to go inside IR35 and the expenses scheme.

[vetran]

If we get to 1 Million?


"Black Mirror" The National Anthem (TV Episode 2011) - IMDb


Squeal little piggy?

[VectraMan]

I thought the 5K dividend band is within the existing income bands, not in addition to it? That's what makes it rather nasty.

Perhaps you can't do what I said.

[DimPrawn]

WHS. You can earn £10K as salary plus £5K as dividends largely tax free. How much does any of this affect anyone on a low income?

The petition is a waste of time for sure, but if you're going to have a petition it would be better if it wasn't based on a lie.

I thought the 5K dividend band is within the existing income bands, not in addition to it? That's what makes it rather nasty.

[VectraMan]

WHS. You can earn £10K as salary plus £5K as dividends largely tax free. How much does any of this affect anyone on a low income?

The petition is a waste of time for sure, but if you're going to have a petition it would be better if it wasn't based on a lie.

[d000hg]

Because the aim is to save you 2-3k of new tax each year.

I hardly think lying about my situation to serve my own interests is a particularly noble demonstration of democracy.

It also weakens the petition to be built on untruths... they'll take one look and say "you contractors are not low-earners working long hours".

And people running a traditional small business, who do typically work extremely long hours for little income, are not really going to be affected to the same extent, if at all, because they are not maxing out their personal income to the higher rate using dividends.

[NonnyMouse]

Since I don't agree with most of that, and doubt many contractors would, why would I sign? It makes it sound like owning a business is pretty terrible, so I suggest those people stop doing something that makes them miserable .

Because the aim is to save you 2-3k of new tax each year.

[d000hg]

Life as a business owner means very long hours, low pay, stress, no holiday or sick pay & a life of uncertainty & worry.

Since I don't agree with most of that, and doubt many contractors would, why would I sign? It makes it sound like owning a business is pretty terrible, so I suggest those people stop doing something that makes them miserable .

[expat]

Signed, but it's obvious Osborne won't give a flying fook, if anything he'd use it to show how few people pentitioned him and thus the changes are ok.

Agreed, AtW, nobody gives a flying fook. We don't matter. We are not even targets, we're barely worth calling collateral damage. We think we are the much-vaunted flexible workforce, but we are in no way what people mean who use that phrase. Face it: nobody cares.

Some of us will continue. Some will go perm. Some will find other careers. Some will emigrate. Some will just quit. And nobody will notice. A few tens of thousands of contractors will be replaced from the subcontinent in the invisible blink of an eye.

Maybe quality of service will be lowered by diluting the skilled pool with less expensive resources: who will notice? Crap IT will be "IT is crap", it will not be "I wish we hadn't driven out all our home-grown flexible professionals".

[AtW]

If we get to 1 mln then Osborne will have to eat a guinea pig.