Autumn Statement 2016

[TheCyclingProgrammer]

If your accountant provides you with a hard-copy signed copy of your annual accounts, that should count as "goods" surely.

May sound absurd, but if that is how one must game the system so be it.

Nice try but still a service.

It would be no different than a software developer delivering their completed work on a USB stick by snail mail to the client. It's still a bespoke service.

[chopper]

If your accountant provides you with a hard-copy signed copy of your annual accounts, that should count as "goods" surely.

May sound absurd, but if that is how one must game the system so be it.

Isn't this (a bit) similar to what Sky TV used to do by dishing out a 'free' magazine with your subscription? Therefore instead of (say) £16.67 + VAT (£20) for a TV subscription, it was effectively £4 for a magazine subscription and £13.33 + VAT for a TV subscription - more money for Sky to keep, less for the VAT man.

So I'm sure some accountants might think "£800 a year for accountancy, plus a copy of your accounts printed onto some children's clothes or Jaffa Cakes for £200".

[lucyclarityumbrella]

Just had confirmation from HMRC that the Public Sector IR35 Legislation & Guidance will be available from 5th December.

[vetran]

Just had confirmation from HMRC that the Public Sector IR35 Legislation & Guidance will be available from 5th December.

I can beat that deadline and supply simple comprehensive advice.



Brace Yourself this is going to hurt!

[youngguy]

Just had confirmation from HMRC that the Public Sector IR35 Legislation & Guidance will be available from 5th December.

This is not a loaded Q, just interested in your view on whether there are any benefits left to being ltd?

If/when this is rolled out to private sector I may shut up the ltd, pay off the mortgage and go umbrella so I can spin what little is left on cheap wine and expensive women

[MarkT]

think of all the lost tax when all of these Ltd companies go belly up due to the new world order and people decide to pay the mortgage before they pay the taxman....

[MPwannadecentincome]

jsut seen this

Just seen this Autumn Statement 2016: Hammond heaps on more anti-contractor measures :: Contractor UK

Anyone know what this means???

Disguised remuneration avoidance targeted

Also seemingly aimed at contractors, and due to raise some £650million -- much more than the IR35 reforms, is a new attack on ‘disguised earnings’, outlined at 4.46 of AS 2016.

“This looks like an extension to the IR35 reform proposals,” Mr Webber said. “Whilst a consultation is promised, it would be in line with recent actions if this was just a ‘technical’ consultation.

“In other words it’s a discussion on how to implement the charge, rather than whether it should be introduced.”

Both this crackdown on disguised remuneration avoidance schemes by the self-employed, and the IR35 reforms, are enough for contractors to regard AS 2016 as a 'bad' mini-Budget.

[MPwannadecentincome]

Ah, cheers, never heard of that.

I do hope you have heard of IR35?

[TheCyclingProgrammer]

Just seen this Autumn Statement 2016: Hammond heaps on more anti-contractor measures :: Contractor UK

Anyone know what this means???

Nobody will know what it means until the consultation is published.

I don't think the stuff about "disguised remuneration tax avoidance schemes" will really have anything to do with us (the use of the word "scheme" is a bit of a giveaway) however the general tone towards the self-employed and other small businesses was not good.

Wait and see.

[TestMangler]

Nobody will know what it means until the consultation is published.

I don't think the stuff about "disguised remuneration tax avoidance schemes" will really have anything to do with us (the use of the word "scheme" is a bit of a giveaway) however the general tone towards the self-employed and other small businesses was not good.

Wait and see.

But they is the party of small bizniz, innit ? That's why we all voted for them

I feel so shocked and let down.......