The Official Budget 2016 thread

[TheCyclingProgrammer]

Interesting comment on Twitter...£1000 "micro-business tax allowance" is the government effectively saying we can't be arsed to chase people with trivial amounts of freelance service income each year?

[Murder1]

I don't really understand how that's going to work practically. The Public Sector bod would somehow have to have access to your accounts and check that you'd paid the full whack?

Doesn't make a great deal of sense. If you had 3 month contract in the PS then 9 months in the private sector ... how would that work?

It'll be interesting to see the detail when it's published but currently if you deem yourself outside IR35 Public Sector Bodies happily take a letter from your accountant stating the correct amount of tax has been deducted.

It's only when you declare yourself inside IR35 that they're then supposed to request payslips to show that you're paying the correct amounts.

[barrydidit]

Interesting comment on Twitter...£1000 "micro-business tax allowance" is the government effectively saying we can't be arsed to chase people with trivial amounts of freelance service income each year?

That's what I thought

Edit - best get the kids back up chimneys then..

[mudskipper]

Toll on Severn crossing to be halved - should help psycho escape.

[mudskipper]

Interesting comment on Twitter...£1000 "micro-business tax allowance" is the government effectively saying we can't be arsed to chase people with trivial amounts of freelance service income each year?

He was talking about ebay selling and stuff.

[SimonMac]

Toll on Severn crossing to be halved - should help psycho escape.

They have halved the rate, but I expect them to charge both ways now

[jamesbrown]

Toll on Severn crossing to be halved - should help psycho escape.

Crap.

It was bearable until we got this bombshell.

[tomtomagain]

There was something in his early talk about making sure all these dodgy Chinese based companies flogging cheap tat on Amazon have to pay VAT.

No detail .... but the price of cheap iPhone cables are going up 20%

[flamel]

"The Chancellor announces a series of actions to tackle tax avoidance and evasion totalling £12bn, including moves to end the use of "personal service companies" by public sector employees to minimise their tax liabilities."

It's started.....

[DimPrawn]

Interesting comment on Twitter...£1000 "micro-business tax allowance" is the government effectively saying we can't be arsed to chase people with trivial amounts of freelance service income each year?

Microbusiness, not tax dodging, UK destroying, enemy No.1 PSC.

Your business is a PSC if you, the director, provide the service yourself.

Now if your business, consisting of you the director, doesn't provide a service yourself, then you are a micro business.

Simples.