Seems unnecessary given that the new dividends tax that ignores "archaic" tax credit from very real corporation tax increases tax burden pretty close to PAYE anyway. In fact it increases high enough to contemplate "**** right *** you *****" strategy and moving to some more business friendly country.
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Crackdown on personal service companies could raise £400m in tax
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Originally posted by Zero Liability View PostIt'd "raise" a purely speculative £400m and cost both businesses and the govt how much? Best to wait on a more reliable source, I guess.
Clearly some of Cameron and Osbourne's cronies at Capita have asked them to work out how to get rid of those pesky independent contractors.Taking a break from contractingComment
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Originally posted by vetran View PostAim, see toes fire!
They really don't understand do they??'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Not quite the devil is in the detail.
From the mail's article
A contractor who uses an agency to find work with a range of IT firms for short periods will still be able to classify themselves as a personal service company. But a middle-manager brought in to do maternity leave cover at a firm will in future have to go on the firm’s payroll. The new rules will apply to both private firms and the public sector, where there have been numerous examples of senior staff paid ‘off the books’ in recent years.
I think the thing we have to watch is
HM Revenue and Customs is also devising an online checklist to allow employers to assess quickly whether a contractor should be reclassified as a member of staff.
So yes this may be something to worry about. Equally it could confirm that all the stuff I've been doing while not wasting time on here hasn't been in vain.merely at clientco for the entertainmentComment
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”A contractor who uses an agency to find work with a range of IT firms for short periods will still be able to classify themselves as a personal service company. ”Comment
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Originally posted by Tasslehoff View Post”A contractor who uses an agency to find work with a range of IT firms for short periods will still be able to classify themselves as a personal service company. ”Comment
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Originally posted by ShandyDrinker View PostYep, seen it this morning and made a comment. I'm surprised how many people downvoted it!
Lets not kid ourselves. The vast majority of the public view PSCs as outright tax dodging.Comment
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Originally posted by centurian View PostWhat's 'short periods' though - a month, 3 months, 6 months, a year.Originally posted by GuardianBut there are understood to be examples of professionals such as lawyers working for one company for a short period of two months. Ministers believe that in these circumstances they should be counted as employees and should pay income tax.Comment
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