The Official Budget 2020 thread

[BlackCountryContractor]

Red Book is out:
Budget 2020: documents - GOV.UK

IR35 reforms confirmed:

Absolutely no surprise that Sunak kept out the nasty business of IR35 reforms and saved it for the red book which 99% of the general public at large won’t even bother looking at.

[eek]

Absolutely no surprise that Sunak kept out the nasty business of IR35 reforms and saved it for the red book which 99% of the general public at large won’t even bother looking at.

It is a single paragraph saying it's going ahead..

[escapeUK]

As small business owners how much do we get out of this? I'll have every penny thanks.

[sira]

As small business owners how much do we get out of this? I'll have every penny thanks.

As contractors? Almost nothing. Were actually getting punished instead...

[jamesbrown]

Flat rate deduction for home working increasing by 50% to 6 quid per week. Weeee!

[sira]

Flat rate deduction for home working increasing by 50% to 6 quid per week. Weeee!

Don't spend it all at once!

[escapeUK]

As contractors? Almost nothing. Were actually getting punished instead...

I heard 14 days of statutory sick pay, which apparently is a princely £94.25 a week!

[sira]

I heard 14 days of statutory sick pay, which apparently is a princely £94.25 a week!

Does this apply to contractors though? The red book doesn't make it clear.

And can you use it if your on the bench?

[jamesbrown]

Don't spend it all at once!

I'm going to spend most of it in the first week on wine gums, but will defer some to later in the year for Maltesers.

[escapeUK]

Does this apply to contractors though? The red book doesn't make it clear.

And can you use it if your on the bench?

Contractor? I'm a small business owner, the managing director! Aren't you?

To be honest the amount is so pathetic, I was earning more as a teenager in my first week of work decades ago.