Autumn Statement 2016

[teapot418]

When I wrote that, I predicted that however after listening to the first few minutes he is now talking about Self Employment as eroding the Tax revenues. So... I doubt anything will change

I feel a sense of impending doom.

[ContractorHardman]

I feel a sense of impending doom.

I feel I will be changing my company to IT Innovation Tech

[TheCyclingProgrammer]

When I wrote that, I predicted that however after listening to the first few minutes he is now talking about Self Employment as eroding the Tax revenues.

I missed that but suspect he was probably referring to people being forced into "self-employment" when they really shouldn't be (typically low-paid workers), which I think is, to be fair, a genuine problem. Almost the opposite problem to us. Think Uber drivers, couriers etc.

[ContractorHardman]

Here we go.....

[jamesbrown]

Hmm, we'll have to wait for the budget documents, but some of those measures don't bode well. Sounds like the VAT FRS is being reviewed (removed?). Something about shareholder status too...details needed. Nothing about IR35, but it could be in the AS documents that are uploaded shortly.

[eek]

Hmm, we'll have to wait for the budget documents, but some of those measures don't bode well. Sounds like the VAT FRS is being reviewed (removed?). Something about shareholder status too...details needed. Nothing about IR35, but it could be in the AS documents that are uploaded shortly.

The devil is in the detail...

[teapot418]

https://www.gov.uk/government/topica...statement-2016

[TheCyclingProgrammer]

Hmm, we'll have to wait for the budget documents, but some of those measures don't bode well. Sounds like the VAT FRS is being reviewed (removed?). Something about shareholder status too...details needed. Nothing about IR35, but it could be in the AS documents that are uploaded shortly.

I wonder if the FRS stuff relates to cracking down on stuff like this:

https://www.theguardian.com/uk-news/...ds-of-millions

Can't imagine what they are planning though.

[Lance]

Hmm, we'll have to wait for the budget documents, but some of those measures don't bode well. Sounds like the VAT FRS is being reviewed (removed?). Something about shareholder status too...details needed. Nothing about IR35, but it could be in the AS documents that are uploaded shortly.

The FRS change sounds like the one where an umbrella put 2 contractors into different LTDs and set them up as FRS and trousered the profit. I reckon that's going to be legislated out.
They'll keep FRS as it encourages small companies below the threshold to enrol.

[jamesbrown]

The devil is in the detail...

Yep, it always is... furious reading to begin soon