Crackdown on personal service companies could raise £400m in tax

[AtW]

Ah yes, that tried and tested way of reducing the tax take

That would have been far better increase in tax than what Gideon did.

It's amusing to see some Tory supporters saying how it would have been worse under Labour - I guess that's what Gideon wants people to think, but the problem is that when Labour gets in (and it will get in at some point) then taxes would go further up - particularly on dividends, which I guess is academical since in a few years we'll be chatting on new forum: permieuk.com

[AtW]

Even if they despised us, at least their incompetence would ensure the opposite was achieved.

Labour were limited by what they can do because they did not want to look as anti-business party - tax on rich people is another matter, where as Tories are supposedly pro-business party so anything they do must be pro-business and it fooking ain't.

Watch out for CGT changes in new budget because really, does anyone on here believes that after taxing dividends more Gideon would allow people (like most on this forum) to take advantage of 10% ER?

[BrilloPad]

Tory. Labour. No difference. Whoever is in government. Makes no odds.

[d000hg]

Tory. Labour. No difference. Whoever is in government. Makes no odds.

Course they're different. Tories are shafting the poor as well as the rich.

[SantaClaus]

I've said for years that HMRC/govt wanted to target all contractors, bring them under the PAYE net and eliminate them as competition to the big consultancies. The reply was always that the govt. only go after "tax dodging scum" and not "genuine" Ltd company contractors.

And another thing, before the election, almost everyone on this forum was intent on voting Tory.

So what happened?

[d000hg]

They did vote Tory. Now they're upset that the Tory's tough line on the deficit has hurt the wrong people.

[AtW]

They did vote Tory. Now they're upset that the Tory's tough line on the deficit has hurt the wrong people.

Tough on the deficit, tough on the causes of the deficit...

[jamesbrown]

And another thing, before the election, almost everyone on this forum was intent on voting Tory.

So what happened?

It isn't that simple. I think there was a reasonable expectation that the Tories would be less aggressive, although I doubt anyone was under any illusions about their poor record with small businesses and numerous broken promises (e.g. w/r to IR35). Labour were clearly making signals before the election campaign about operating strict deeming criteria, so anything from Labour would've been similar. Obviously, you don't get much more strict than a month (), but let's see what happens. Also, some of this was OBE after the election, as Labour moved so far to the left that Gideon was "forced" (or found it expedient - but we'll see about that, long-term) to adopt a strategy of taking over the "common" ground, as they call it. The failure on tax credits just added to the pressure. All politicians do whatever is necessary for their self-promotion but, if Labour were acting like a proper opposition, some of Gideon's current policies wouldn't be quite so expedient.

Obviously, none of this matters in 2020, and perhaps it won't matter long-term either. We're only talking about a few hundred thousand contractors (it depends on the extent to which any further changes impact the wider group of self-employed). That said, I certainly won't be voting Tory in future and I'll do whatever I can to make others understand their failings, for what that is worth (very little, realistically).

[jamesbrown]

Some more analysis here - nothing new though.

[Gumbo Robot]

I've said for years that HMRC/govt wanted to target all contractors, bring them under the PAYE net and eliminate them as competition to the big consultancies. The reply was always that the govt. only go after "tax dodging scum" and not "genuine" Ltd company contractors.

And another thing, before the election, almost everyone on this forum was intent on voting Tory.

So what happened?

Don't blame me. I voted UKIP.