Yup, fair enough, I couldn't be arsed.
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Taxes under Tory Scum
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So its looking like a 2.5% increase for inside IR35 contractors (1.25% employee + 1.25% employers NICs).
Contractor on 100K, inside IR35, will now pay another £2000+ tax?
Contractor on 200K, inside IR35, will now pay another £4000+ tax?
Feel bad today for those inside IR35, as if you weren't taxed already enough as it is.
These increases are another nail in the coffin for contracting and another reason why i will never take an inside contract, it is either an outside contract only or quit contracting and get a perm job instead.Last edited by Fraidycat; 7 September 2021, 13:54.Comment
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Originally posted by Fraidycat View PostThese increases are another nail in the coffin for contracting and another reason why i will never take an inside contract, it is either an outside contract only or quit contracting and get a perm job instead.
Just think how much more tax footballers are going to pay! Those on 400k a week will struggle to see half that now.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by AtW View PostDivi tax massively up
Corp tax about to go up considerably
NICs about to go up (breaking manifesto promise)
Insurance “premium” tax massively up
CGT up by virtue of cutting Entrepreneurs relief
Anything else?
How many other countries in the world are increasing taxes now?
The changes they introduced to the VAT Flat Rate Scheme about 3years ago. Collecting VAT for the government used to make a couple of thousand pounds a year, but that was all removed for companies like ours.
And then of course there's the forcing of people into inside IR35 contracts, literally costing contractors 20k+ over night.
Labour never increased my taxes like this Tory government, they should be ashamed.Comment
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Originally posted by AtW View PostDivi tax massively up
Corp tax about to go up considerably
NICs about to go up (breaking manifesto promise)
Insurance “premium” tax massively up
CGT up by virtue of cutting Entrepreneurs relief
Anything else?
How many other countries in the world are increasing taxes now?
Comment
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Originally posted by mattster View Post
Don't forget council tax, which has more than doubled since 2000 whilst the goverment has more than halved the central funding money they provide to councils. We pay nearly £2.5k for band D whilst the council cries poor and services continue to be cut.Always forgive your enemies; nothing annoys them so much.Comment
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Originally posted by DAR2008 View Post
VAT FRS?
The changes they introduced to the VAT Flat Rate Scheme about 3years ago. Collecting VAT for the government used to make a couple of thousand pounds a year, but that was all removed for companies like ours.....
Sadly the people writing the legislation and the people scrutinising it for fitness of purpose are both incompetent, hence all the blurry rules and edge cases we have to cope with, from abuse of EBTs to the opt out.Blog? What blog...?Comment
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