The Official Budget 2016 thread

[jamesbrown]

Think I heard something there about extending stamp duty levy on BTL to larger companies too(?) "Listened to colleagues". "Only fair".

[TheCyclingProgrammer]

He was talking about ebay selling and stuff.

I'm sure he said trading and property income allowance for those selling services and doing things like renting out rooms on AirBnB. Will see soon enough.

[barrydidit]

I'm sure he said trading and property income allowance for those selling services and doing things like renting out rooms on AirBnB. Will see soon enough.

A NLyUK allowance?

[DaveB]

http://www.publications.parliament.u...al/160/160.pdf
The term ‘personal service company’ is not defined in law. It is understood
generally to mean a limited company, the sole or main shareholder of which
is also its director, who, instead of working directly for clients, or taking up
employment with other businesses, operates through his company. The
company contracts with clients, either directly or through an agency, to
supply the services of its director. This is the general understanding with
which we approached our work.

Pure speculation in the absence of detail but -

Spouse is the director. You are an employee with shares in the company. You take the contract and are not working through a PSC as you don't meet the criteria above.

[Gillingham Jilly]

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

You pay to go in don't you? They got that wrong. They could double the charge & people would still be willing to stump up the cost just to get out!

[convict]

Pure speculation in the absence of detail but -

Spouse is the director. You are an employee with shares in the company. You take the contract and are not working through a PSC as you don't meet the criteria above.

yep, you could drive a bus through that

[mudskipper]

I'm sure he said trading and property income allowance for those selling services and doing things like renting out rooms on AirBnB. Will see soon enough.

Ah yes, he did mention renting out rooms.

[LondonManc]

Pure speculation in the absence of detail but -

Spouse is the director. You are an employee with shares in the company. You take the contract and are not working through a PSC as you don't meet the criteria above.

Based on that definition, it's more beneficial for the other half to become a director of your now non-PSC.

[SimonMac]

Pure speculation in the absence of detail but -

Spouse is the director. You are an employee with shares in the company. You take the contract and are not working through a PSC as you don't meet the criteria above.

Not sure on how it would reflect on the director that they have no impact on running the business

[Pondlife]

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

You don't pay to leave Wales. It's when he goes home it's an issue.