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

[jamesbrown]

This is sufficiently vague to be worrying

The principle is worrying (previously established, whereby they set a line in the sand and use that to justify retrospection), but this will be referring to users of avoidance schemes specifically.

[LucidDementia]

This is sufficiently vague to be worrying

Use of the word "scheme" helps us a little tbh.

[NickFitz]

Use of the word "scheme" helps us a little tbh.

Rename them as "plans" or "processes". "Scheme" does create a mental image of a mustachioed villain in a top hat rubbing his hands together while cackling.

[synoniv]

3.87 Disguised remuneration – The government intends to take action against those who
have used or continue to use disguised remuneration schemes and who have not yet paid their
fair share of tax. The government will also consider legislating in a future Finance Bill to close
down any further new schemes intended to avoid tax on earned income, where necessary, with
effect from 25 November 2015.

This is sufficiently vague to be worrying

LOL!...either is he is still talking about offshore accounts or may be a copy-paste error.
Eitherways I am happy for the publicity managed to achieve in a short time frame aka scaremongering...survival efforts.

[ItRYmyBEst]

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

Domains still free!

[jonneymendoza]

wow we have dodged a huge bullet but for how long?

[LucidDementia]

wow we have dodged a huge bullet but for how long?

There was never a bullet.

Get on with your life.

[BrilloPad]

wow we have dodged a huge bullet but for how long?

The bullet will come retrospectively.

[MarkT]

There was never a bullet.

Get on with your life.

Really? Depends on your circumstances surely. It was a bullet the size of a toaster to some, and a pellet to others. Either way, I think we'll be okay to 2017, and even then, given the move on T&S to IR35 caught only, it'll get watered down slightly when big business get involved.

Remember, they've been trying to tighten IR35 since 2001, if it were that simple, they'd have done it by now, especially during the 2008 - 2010 period. Not saying they won't so something, but I'm far more optimistic than I was this time yesterday.

[MrMarkyMark]

Remember, they've been trying to tighten IR35 since 2001, if it were that simple, they'd have done it by now,

Which, for the long timers, in this, was the point all along.