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

[d000hg]

Well this is going well...

People are a bit on edge that their gravy train might be reaching the end of the line Especially those who aren't confident they could hack a proper job.

Anyway...

So what day do we find out the actual proposals, and how concrete will they be - how much can what's proposed soon be changed before it gets announced officially?

[LucidDementia]

People are a bit on edge that their gravy train might be reaching the end of the line Especially those who aren't confident they could hack a proper job.

Anyway...

So what day do we find out the actual proposals, and how concrete will they be - how much can what's proposed soon be changed before it gets announced officially?

Interesting outlook. The businessmen in the world will know that working for yourself is the definition of a proper job.
I wonder how a mouthpiece like you would manage at running a proper business?

[d000hg]

You're saying a contractor isn't operating a proper business?

[LucidDementia]

You're saying a contractor isn't operating a proper business?

A contractor Ltd is like business preschool. My dog could run one.

[jonneymendoza]

which bright spark came up with this idea of max 30 days contract ?
In most places it takes 30 days to get logins.

Yea i have been with this current place for nearly a month and still dont have access and licences for certain things lol

[d000hg]

A contractor Ltd is like business preschool. My dog could run one.

I think your dog is too busy posting on your behalf on CUK.

[LucidDementia]

Yea i have been with this current place for nearly a month and still dont have access and licences for certain things lol

In fairness on my current gig I had everything I needed on day one. I was impressed.

Even a door pass and car park pass, which is odd as I work from home.

[jamesbrown]

So what day do we find out the actual proposals, and how concrete will they be - how much can what's proposed soon be changed before it gets announced officially?

There will be an announcement in the Autumn Statement, next Wednesday (25), and I would expect it to cover T&S and IR35 next steps. It could be as simple as announcing a further consultation w/r to IR35 or, more likely, a concrete proposal (with or without consultation). After the AS, it could be some time before any real clarity is achieved, depending on the level of consultation (none to some) and the Finance Bill they aim for (2016 or 2017; the T&S was mooted for 2016 and anything on IR35 for 2017, but these could be OBE after the Autumn Statement). So, by next Wednesday, we should understand the degree of stupidity, but not in any detail.

[jonneymendoza]

Dont forget that we will now get taxed higher for dividends.

can someone remind me the tax rates?

i think its like 8.9% for first 7k and then 12% up to 20k and onwards 30%??

[Zero Liability]

Everyone has to fall out with d000hg, its a CUK right of passage

They should avail themselves of the ignore button.