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

[Tasslehoff]

https://www.ipse.co.uk/news/ipse-rea...vice-companies

[ShandyDrinker]

https://www.ipse.co.uk/news/ipse-rea...vice-companies

Nice to finally see a response from the IPSE. Hopefully they'll publish a follow-up on the response to the urgent clarification.

[LisaContractorUmbrella]

Nice to finally see a response from the IPSE. Hopefully they'll publish a follow-up on the response to the urgent clarification.

I'd be surprised to see a 'urgent' clarification - urgency is an unknown concept at HMRC - best you can hope for is 'sometime after a week next Tuesday' The AS is only 2 weeks away so I think IPSE will just be told to be patient

[teapot418]

See you next Tuesday just about sums it up

[ShandyDrinker]

I'd be surprised to see a 'urgent' clarification - urgency is an unknown concept at HMRC - best you can hope for is 'sometime after a week next Tuesday' The AS is only 2 weeks away so I think IPSE will just be told to be patient

Of course... silly me... I couldn't expect anything that could be helpful to the people it is likely to impact!

Given the budgets we've already had this year I wait to see, with horrified fascination, what Gideon and friends will unleash on us next.

[Tasslehoff]

Of course... silly me... I couldn't expect anything that could be helpful to the people it is likely to impact!

Given the budgets we've already had this year I wait to see, with horrified fascination, what Gideon and friends will unleash on us next.

Prior to this Gov. I always quite looked forward to budget day. "Ohh Booze a bit cheaper" etc

Now I feel my entire future I have been cultivating for the past 10 years hangs in the balance everytime that bloody box comes out.

[pjt]

The vast majority of banks cannot reclaim VAT, and as they are key users of contractors, that's a whole world of VAT going missing. And as VAT is chargeable on turnover regardless of profit.......

Surley we'd be employeed by the agencies though in most case's? Therefore they would still charge the end client VAT. We'd then just be paid as an employee of the agency. So VAT would still be collected and paid to HMRC.

[MarkT]

Now I feel my entire future I have been cultivating for the past 10 years hangs in the balance everytime that bloody box comes out.

That makes two of us - I'm terrified, no bones about it, if this idiotic scheme is what they want, they'll get it and it'll be hugely popular

[ChimpMaster]

I think the government and HMRC would be letting themselves down if they didn't work out some way of making this change retrospective.

[oracleslave]

Erm... I do it for the money

So do I. The more politics and aggro the better as it results in more money.