The Official Budget 2016 thread

[jamesbrown]

Is it over yet?

Pretty much, we're just working through the details of a new super stealth tax on recently purchased flats, West Midlanders, and lefties.

Otherwise, it was pretty boring.

[jamesbrown]

Oh, and the new sofa levy.

[AtW]

Oh, and the new sofa levy.

[AtW]

where can i get a legal definition of a PSC? I know what a LTD co is, but what is the overlap with a PSC?

You are in PSC when you check the relevant box in your self assessment

HTH

[AtW]

Surprising 20% capital gains tax reduction is good, only I have a question - why this fook wants owners to SELL their companies instead of keeping them working for decades and pay dividends, keep people hired???

CGT changes are good, most certainly won't last past 2020.

17% corp tax in April 2020, so that's as if it never happened.

[TheFaQQer]

I was and terminated my membership. It served me no purpose.

The good news is that you benefit from their successes whether you are a member any more or not

They claim a lot of things and are very good at writing 'we are not amused' statements, but I haven't seen them punch hard at all.

House of Lords - Jones (Respondent) v.Garnett (Her Majesty's Inspector of Taxes) (Appellant)

Having worked in a Department that works with them, I'm very familiar with how they are perceived. They are certainly not as influential as they think they are.

You are aware that the CEO was invited to Downing Street for a chat with the prime minister the other week, then?

[seeourbee]

The good news is that you benefit from their successes whether you are a member any more or not



House of Lords - Jones (Respondent) v.Garnett (Her Majesty's Inspector of Taxes) (Appellant)



You are aware that the CEO was invited to Downing Street for a chat with the prime minister the other week, then?

Going for a cup of tea at No.10 does not (a) impress me or (b) suggest they are influential. Can you produce a list of positive outcomes IPSE have made over say, the last 5 years. What are their real milestone achievements ?

[DaveB]

Going for a cup of tea at No.10 does not (a) impress me or (b) suggest they are influential. Can you produce a list of positive outcomes IPSE have made over say, the last 5 years. What are their real milestone achievements ?

As PCG they were instrumental in sorting out the cluster**** that was the original Public Sector CLOne contract with Capita 2 years ago. Helped to avoid meltdown in multiple departments as contractors refused to sign the new contract. They got it re-written in contractor friendly terms that made it possible to get working arrangements agreed to put you outside IR35.

[TheFaQQer]

Going for a cup of tea at No.10 does not (a) impress me or (b) suggest they are influential. Can you produce a list of positive outcomes IPSE have made over say, the last 5 years. What are their real milestone achievements ?

The trouble with heading some bad things off before they hit the headlines and the statute book, is it's something that people aren't aware of.

Most recently, however, there was the somewhat successful response to the IR35 discussion document last year, the response to the T&S consultation, and the robust challenge to the mooted one month rule.

If you don't believe that they are influential then that's fine - as I said, you get to reap the successes whether you are a member or not.

[seeourbee]

Well that's good to hear, but it's all cart before the horse. I had the same issue at HS2/DfT and we re-wrote my contract. IPSE had nothing to do with that.

I'd happily rejoin IPSE if I felt they had any sway over how we are treated as E'ees. In the last year alone things have gone from bad to worse.