Dividend tax >> All Ltd Co contractors to payment on account....

[SueEllen]

Go home AtW, you’re drunk.

I thought he was always drunk unless driving

[bobspud]

Just wait till you see the end game...

HMRC want all money to be paid through them. They will automatically deduct their cash and give you the rest.

Trust them much?

[AtW]

I thought he was always drunk unless driving

Not this month - fecking stopktober

[CoolCat]

Getting the £2k they owed me this year was like getting blood out of a stone.

First they issued a cheque which they promptly blocked, then they were doing a transfer into my account (that didn't happen) then I got another cheque. 3 months it took.

Kafkaesque is the word that springs to mind.

Yes

Getting any money due from HMRC can be very time consuming, both in the length of wait, and the amount of energy you have to put into chasing them and complaining. Several years I have had to go through the full complaints process to get the money.

[MrC]

Thanks for confirming.

Pretty big win for hmrc then abolishing the dividend tax credit. Not only do they get greater tax receipts they also get them early.

Just wait till you see the end game...

HMRC want all money to be paid through them. They will automatically deduct their cash and give you the rest.

Trust them much?

Yes and from there just one small step to do away with this irritating take home pay altogether and enslave they masses into full blooded communism

[SueEllen]

Thanks for confirming.

Pretty big win for hmrc then abolishing the dividend tax credit. Not only do they get greater tax receipts they also get them early.

Yes and from there just one small step to do away with this irritating take home pay altogether and enslave they masses into full blooded communism

Tories are no way left wing let alone Communist.

The problem for them, and all future UK governments, is the tax system was based on the majority of people being on PAYE in stable jobs. When you have too many high earners self-employed using dividends to pay themselves, plus too many low and middle income tax payers also on unstable temporary contracts then the total tax take is too small.

If the government wants to be harsh they could do what other European countries do and tax people the same no matter how they gain their income.

[AtW]

It's going to be quarterly returns soon - with payment of taxes for that quarter, they don't want to give credit where it's due

[SueEllen]

It's going to be quarterly returns soon - with payment of taxes for that quarter, they don't want to give credit where it's due

That will cause a massive feck up like with child tax credits.

[TheFaQQer]

It's going to be quarterly returns soon - with payment of taxes for that quarter, they don't want to give credit where it's due

Quarterly filing has been announced for some time now. Quarterly payment hasn't been announced yet.