The Official Budget 2016 thread

[jamesbrown]

How long have we got left to put up with Gidiot and Camoron?

Around 100 days

[MarkT]

How long have we got left to put up with Gidiot and Camoron?

Probably until mid 2017 unless Labour get their fingers out of their collective derrière and appoint a competent leader

[DimPrawn]

Probably until mid 2017 unless Labour get their fingers out of their collective derrière and appoint a competent leader

And you'd vote Labour?

And how would Labour (which actually means Unions) tackle issues such as:

EU control of UK?
Open door immigration?
Low productivity?
Massive public and private debt levels?
Sprawling inefficient and costly NHS?
High levels of taxation?


Answer is as LibLabCon always does, by carrying on as we are, an EU dumping ground for immigrants, with poor public services, massive population increases and high direct and indirect taxation.

Vote Tory - tulipe
Vote Labour - tulipe
Vote Tory - tulipe
Vote Labour - ????

Can you see a pattern here?

Vote something different or vote with your feet.

[tomtomagain]

My guess is that there is more pain to come.

Like it or not HMRC + Gov view PSC mainly as a tax-avoidance scheme. They've been clamping down on them for years without too much success.

I think they'll strengthen the legislation to effectively say "Anyone working through an agency is automatically caught by IR35".

I would also not be surprised if they also force all PSC's to payout all income received each year - no more holding onto cash within the company structure. No more retaining profits. The way it works at the moment a LTD contractor has some say over when (s)he takes their money and therefore can exert some control on when they pay tax.

This is a problem for the government because a) They don't get all the tax they believe they are due and b) The hoarded cash is not creating any economic activity.

.... and he'll take 2p off a pint of lager and that will be the fact that is reported on all the media channels.

[OwlHoot]

and b) The hoarded cash is not creating any economic activity. ..

Well it does help maintain bank reserves, which indirectly helps the economy.

[TheFaQQer]

I think they'll strengthen the legislation to effectively say "Anyone working through an agency is automatically caught by IR35".

Which would mean that clients pay a fee to the agency, agency finds contractor, contractor engages directly with the client outside IR35.

I'd prefer that to working with an agency.

[DimPrawn]

Well it does help maintain bank reserves, which indirectly helps the economy.

Banks can get their reserves free from central bank. Govt wants all cash/savings to be paid as tax or to prop up property Ponzi scheme.

[tomtomagain]

Well it does help maintain bank reserves, which indirectly helps the economy.

OK. But you are not spending it on suppliers, staff costs, or in the shops. Banks are getting plenty of help at the moment!

[tomtomagain]

Which would mean that clients pay a fee to the agency, agency finds contractor, contractor engages directly with the client outside IR35.

I'd prefer that to working with an agency.

True - that's one model. The agents wouldn't like it. No reoccurring revenue from a long-term contractor.

The end-clients wouldn't like it. First they'd have to have loads of small contracts with individual PSC's. Second they'd feel exposed to getting clobbered by HMRC et al for having "disguised employees" on their books.

[DaveB]

OK. But you are not spending it on suppliers, staff costs, or in the shops. Banks are getting plenty of help at the moment!

It's also there as reserves when revenue dries up and keeps (most) freelancers off benefits when on the bench for longer periods.