The official Budget 2017 DOOM thread

[dmc]

It would be nice to think someone will put into place a new structure for the v. small Ltd with perhaps a meaningful voluntary NI contribution to offer some protection as well, but let's not hold our breath.

I think many people fear that NI contributions will amount to nothing as the goalposts (retirement age) are moved and possibly destroyed before many of the current workers (who are paying for today's retirees) get to retirement.

[PurpleGorilla]

Yeah they are all tax avoiding scum.

Remember HMRC randomly targets particular groups.

There are over a million uninsured drivers - with no doubt no road tax and MOT either.

https://www.mib.org.uk/media-centre/...nsurance-laws/

There is a myriad of laws, technologies, and data to resolve this tomorrow.

But the government can't be arsed.

Same goes for cash in hand, only when they are also signing on do they get bothered and investigate.

A 2012 estimate puts lost taxes with cash in hand £2b a year.

https://www.theguardian.com/politics...x-taxavoidance

[AtW]

Time for you to emigrate....

By 2020 (just before Labour landslide victory) I plan to retire and marry Taylor Swift - live happily ever after...

[MPwannadecentincome]

In terms of fairness, the ability of a married Ltd Co. contractor on £500 pd to pay low salary, CT, divis and to income split with spouse while finessing Child Benefit doesn't look particularly fair to the worker on £60k p.a.

Child benefit is "means tested" on joint income now so not sure how that bit can be messed with any more.

The worker on £60k p.a. doesn't have the balls to contract and is a wage slave to an expensive mortgage and private hire car lease.

Contractors don't have expensive mortgages?

More and more people are going to start drifting back to permanent employment where you will get paid holiday, maternity/paternity and your employer will have to pay to train and develop you.

And they have to pay to make you redundant.

[AtW]

There are over a million uninsured drivers - with no doubt no road tax and MOT either.

They got no money and Treasury would have to build more prisons to keep them off road, that costs £££.

Taxing honest people who earn money on the other hand is lucrative and very easy.

[SussexSeagull]

By 2020 (just before Labour landslide victory) I plan to retire and marry Taylor Swift - live happily ever after...

Not sure which of those two things is more outlandish anymore!

[LondonManc]

Not sure which of those two things is more outlandish anymore!

Marry != kidnap

[PurpleGorilla]

They got no money and Treasury would have to build more prisons to keep them off road, that costs £££.

Taxing honest people who earn money on the other hand is lucrative and very easy.

Just scrapping them is all I want. Take the cars, scrap them, and raise a bit of revenue in the process.

[northernladyuk]

Child benefit is "means tested" on joint income now so not sure how that bit can be messed with any more.

The Ltd co contractor has the ability to income split to retain entitlement to child benefit.

[AtW]

Just scrapping them is all I want. Take the cars, scrap them, and raise a bit of revenue in the process.

They view it as a cost.