Originally posted by vetran
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
IndyRef2 : This time it's war!
Collapse
X
Collapse
-
Originally posted by Stevie Wonder BoyI can't see any way to do it can you please advise?
I want my account deleted and all of my information removed, I want to invoke my right to be forgotten. -
-
Originally posted by DoctorStrangelove View PostIncome tax was devolved in 2016 apparently.
It wasn't fully devolved. There is only the power granted to change each band +- a couple of percent and limited power to change the point at which this tax begins for higher earners. This has already been adjusted for the 40% tax band and adjusted up 1% to 41%.
People begin to pay the 41% in Scotland at £43662.
https://www.mygov.scot/income-tax-ra...nal-allowancesComment
-
Originally posted by DoctorStrangelove View PostIncome tax was devolved in 2016 apparently.Originally posted by Stevie Wonder BoyI can't see any way to do it can you please advise?
I want my account deleted and all of my information removed, I want to invoke my right to be forgotten.Comment
-
Always forgive your enemies; nothing annoys them so much.Comment
-
Originally posted by SimonMac View Post
I am sure once Holyrood gets control over setting Income Tax, and healthcare spending they will be able to fix they are inHis heart is in the right place - shame we can't say the same about his brain...Comment
-
Originally posted by Mordac View Post
Once they get to set their own tax rates (rather than tweaking the UK rate) I don't think there will be any higher rate taxpayers left in Scotland.
If you're a Director of a Limited Company formed in England, which was all Limited Companies up until a few years ago, then your corporation tax, dividend tax and income are considered to be in England, even if you reside in Scotland.
When tax intake figures are published they are incorrect, because those who are resident in Scotland but Directors of Limited Companies - PSC or more than one Director, are monetarily considered to be in England. This is a flaw in the stats that, as you can imagine, lessens the number of higher rate tax payers in Scotland quite a bit.Comment
-
Originally posted by agentzero View PostIf you're a Director of a Limited Company formed in England, which was all Limited Companies up until a few years agoComment
-
Originally posted by agentzero View Post
The nuances are in the data sets. As this is a contractor forum:
If you're a Director of a Limited Company formed in England, which was all Limited Companies up until a few years ago, then your corporation tax, dividend tax and income are considered to be in England, even if you reside in Scotland.
When tax intake figures are published they are incorrect, because those who are resident in Scotland but Directors of Limited Companies - PSC or more than one Director, are monetarily considered to be in England. This is a flaw in the stats that, as you can imagine, lessens the number of higher rate tax payers in Scotland quite a bit.
https://www.nrscotland.gov.uk/resear...s#RegistrationComment
-
Originally posted by ladymuck View Post
It's been possible to register a company in Scotland since 1856. I guess your idea of 'a few years ago' is a bit different to mine.
https://www.nrscotland.gov.uk/resear...s#RegistrationAlways forgive your enemies; nothing annoys them so much.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment