Originally posted by DimPrawn
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Petition to get the gov to reconsider the dividend tax changes
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Originally posted by d000hg View PostAnd 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.
Working extremely long hours and having combined income from business less than high income threshold, what's the point then???Leave a comment:
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Originally posted by d000hg View PostMost contractors who have done the maths know that they're onto a good thing as things are currently, the dividend tax actually does make things fairer and complaining "us high earners now have to pay as much tax as permies" is probably dangerous boat-rocking.Leave a comment:
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..as would most contractors I've spoken with.
So no, I'm not going to sign your petition.Leave a comment:
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Originally posted by d000hg View PostMost contractors who have done the maths know that they're onto a good thing as things are currently, the dividend tax actually does make things fairer and complaining "us high earners now have to pay as much tax as permies" is probably dangerous boat-rocking.
Now the T&S and IR35 changes are a totally different matter. And the basis of those are now wrong to begin with as the dividend tax changes half the estimated benefits....
But if this was the only bit that was impacting us I would just accept it...Leave a comment:
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Originally posted by pr1 View PostClever, really, for them to do all 3 at the same time - we're too busy complaining about T&S and IR35 to even bother challenging div tax - if the only thing the budget did negatively for contractors was the dividend tax, would we be so acceptant?Leave a comment:
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Most contractors who have done the maths know that they're onto a good thing as things are currently, the dividend tax actually does make things fairer and complaining "us high earners now have to pay as much tax as permies" is probably dangerous boat-rocking.Leave a comment:
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Originally posted by LondonManc View PostCorrect. The proles will see it as a tax on high earners, which it is. Essentially it's about us paying our fair share. We should. But hitting us three times isn't fair so let's not go overboard on the one that will affect many of us the least.Leave a comment:
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Originally posted by VectraMan View PostWHS. 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.Leave a comment:
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name, postcode and email go straight to HMRC for IR35 investigationLeave a comment:
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