The official Budget 2017 DOOM thread

[d000hg]

Tax dividends the same as earned income.

Wasn't what they basically did with the dividend tax, bring overall tax inline with income tax?

[AtW]

Wasn't what they basically did with the dividend tax, bring overall tax inline with income tax?

It's almost there, Tory Scum made it now inevitable to have rates aligned with income tax bands, most likely for "simplicity" reasons, they are basically half way there, it might be Labour to finish the job but the trend is clear.

In Germany tax on dividends is flat rate: 25%.

[MrMarkyMark]

No, as a reason.

Sorry babe but you're really not as important as you like to think Contractors are not a huge point for the government otherwise we'd see more rules specifically targeting us rather than rules that catch us in the crossfire.

Not true for one minute, I'm afraid.

It purely about the increased tax revenues quoted (£400 million?), to suggest contractors are not been targeted when such a figure is publicly quoted is pretty absurd.

[d000hg]

It's almost there, Tory Scum made it now inevitable to have rates aligned with income tax bands, most likely for "simplicity" reasons, they are basically half way there, it might be Labour to finish the job but the trend is clear.

In Germany tax on dividends is flat rate: 25%.

So tax in Germany is far higher than here. And it's entirely reasonable everyone earning X should pay the same amount of total tax Y.

[MrMarkyMark]

So tax in Germany is far higher than here. And it's entirely reasonable everyone earning X should pay the same amount of total tax Y.

So, you don't have any legitimate business expenses and your Co provides un taxed benefits as well?

That's a bit like saying everyone should pay the same fixed VAT rate because its "fair".

[OwlHoot]

Contractors are not a huge point for the government otherwise we'd see more rules specifically targeting us rather than rules that catch us in the crossfire.

So now you're trying to valiantly defend the Government against claims they are deliberately targeting contractors.

Who are they actually aiming all this cross fire at then dumbass? Old ladies selling home made marmalade?

[LondonManc]

Declare us all inside IR35? But we can't claim travel expenses but employees can? WALOB

[MrMarkyMark]

So now you're trying to valiantly defend the Government against claims they are deliberately targeting contractors.

Who are they actually aiming all this cross fire at then dumbass? Old ladies selling home made marmalade?

Its easy enough for him to confront his own personal christian guilt about his tax affairs.

He can just deem all his contracts inside IR35.
No expenses, no benefits, no redundancy.

Taxed at PAYE, job done

Declare us all inside IR35? But we can't claim travel expenses but employees can? WALOB

It's funny looking at some of the responses on here.
Seems they are wasted in their current contracting careers and should cash in their chips, sign up and go and work for fecking HMRC

[d000hg]

So, you don't have any legitimate business expenses and your Co provides un taxed benefits as well?.

What point are you trying to make? That contractors should pay more tax on their total income because we can offset expenses permies can't?!

Or are you just making the point that things are fundamentally different? In which case sure a direct to the penny comparison can't be made but in broad terms, saying income should be taxed the same no matter where it comes from is reasonable. If you have some ways to reduce taxable income by offsetting costs then that's great, well done you.

[d000hg]

Its easy enough for him to confront his own personal christian guilt about his tax affairs.

He can just deem all his contracts inside IR35.
No expenses, no benefits, no redundancy.

Taxed at PAYE, job done

I'm not guilty but you feel free to turn this into a personal attack to distract from your poor argument if it helps you feel like you're winning