Impact of Budget 2016
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    Default Impact of Budget 2016

    Is anyone thinking of raising their contract rates to lessen the impact of the new dividend tax setup?

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    Surely anyone always tries to raise their rate, whatever the tax situation. The fact is that if the client won't pay then we have to suffer the tax due.
    "The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." Cicero

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    Since clients are always happy to enforce rate cuts and generally keep costs as low as possible, to counter a general trend of falling rates, one has to try and push rates up as much as possible.

    So if the client will pay, of course, try to raise your rate. I suspect rates won't be going anywhere in future except down and down.

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    Increase your rates whenever you think you can. That said, changes in tax policy would be an odd reason (and an even worse justification to a client) to do that. In other words, if you think you can get more, why haven't you asked for it already?

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