Breaking news - Tories to scrap IR35 as part of new election pledge

[_V_]

Honest, they will.

[Alias]

No but gives them a reason to break previous manifesto pledges on not raising taxes...

[AtW]

No but gives them a reason to break previous manifesto pledges on not raising taxes...

Previous manifesto is going into trash can now

[jamesbrown]

Previous manifesto is going into trash can now

Corporation tax reductions.
Higher rate limit increases.
Clients determine IR35 status in the public sector.
A moderated fecking over of contractors.

[AtW]

They won't increase corp tax, but they will increase tax on dividends again to "align it with the income tax levels because it's only fair"

[jamesbrown]

They won't increase corp tax, but they will increase tax on dividends again to "align it with the income tax levels because it's only fair"

Yeah, they won't touch it at 19%.

No one is going to care about dividends after the Taylor Review

[AtW]

Yeah, they won't touch it at 19%. No one is going to care about dividends after the Taylor Review

They are casting much wider net now, the only people who will still be ok are those who can afford to get shares owned by offshore entities that get dividends untaxed into offshore.

[BlasterBates]

Isn't this an opportunity for Philip Hammond to change that rather inconvenient manifesto promise on National Insurance.

[AtW]

Isn't this an opportunity for Philip Hammond to change that rather inconvenient manifesto promise on National Insurance.

Brexit is going to bring to many great benefits, so there is no need to increase high rate threshold anymore, boomed!

[jamesbrown]

Isn't this an opportunity for Philip Hammond to change that rather inconvenient manifesto promise on National Insurance.

Surely not?

I doubt they'll spell it out in the new manifesto, but there will be a conspicuous absence of promises to not raise taxes. To be read as: in the Autumn Budget, all taxes will go up, but self-employed/contractor taxes will especially go up. Weeeee!