The Big NIC U turn

[SueEllen]

Changes to class 4 NICs have been scrapped. More to follow.

linky

The Guardian has the letter sent to Tory MPs linky

[TheCyclingProgrammer]

Of course I expect there to be no u turn on the attacks on small incorporated business though.

[jamesbrown]

You hear that, Mr. Anderson?

[jamesbrown]

I wonder how they might fill the hole? Can anyone say "false self-employment".

[eek]

I wonder how they might fill the hole? Can anyone say "false self-employment".

the hole isn't that big and wasn't worth filling in the first place.

[LondonManc]

I wonder how they might fill the hole? Can anyone say "false self-employment".

No but I can say "increased dividend tax".

[SueEllen]

I wonder how they might fill the hole? Can anyone say "false self-employment".

As we stated before if the Chancellor was clever he would have waited until Autumn, after the consultation on self-employment and a few court cases were out of the way, before hiking NIC on the self-employed.

[barrydidit]

How odd. I was expecting to be provided with maternity leave to make up for the increased tax.

[OwlHoot]

the hole isn't that big and wasn't worth filling in the first place.

It was a matter of getting a foot in the door.

[SueEllen]

It was a matter of getting a foot in the door.

But it goes against the Tory Party ethos.

You encourage people to be entrepreneurs and set up their own businesses.