C*nts!!!!

[SallyAnne]

Corporation Tax going up - motherf*ckers!!

They're good this lot aren't they SA?

It's hardly enough to warrant such an outburst!

Corp tax is based on your profits, so you clearly have enough to pay it! And if you were a permie and paying tax "the proper way" you'd have to pay WAY more tax before you earned as much!

We get away with murder, and you all know it. So stop ya fricken whinging.

[Burdock]

But I do need to act to deal with
individuals artificially incorporating as small companies to avoid
paying their due share of tax

Hang on, that's not us. We have to incorporate so employment agencies will deal with us. Or am I missing something?

[Euro-commuter]

The full speech is on Shout99. I like this little nugget:

Changes I will announce later in this Budget will also improve the
position of the self employed. But I do need to act to deal with
individuals artificially incorporating as small companies to avoid
paying their due share of tax, a practise if left unaddressed would
cost the rest of the taxpaying population billions of pounds.

Can anyone tell me how one can work as a contractor without forming a Ltd Co? Is an umbrella really Brown's approved method? Or are we supposed to press clients to give us a contract of employment?

[DimPrawn]

Can anyone tell me how one can work as a contractor without forming a Ltd Co? Is an umbrella really Brown's approved method? Or are we supposed to press clients to give us a contract of employment?

Yes. On the PAYE payroll of an agency. After all, you are just a temp employee. Pay up. It's only "fair"

[BoredBloke]

"income tax down ??!?!?!?"

But no more 10p bracket.

[Bluebird]

The full speech is on Shout99. I like this little nugget:

Changes I will announce later in this Budget will also improve the
position of the self employed. But I do need to act to deal with
individuals artificially incorporating as small companies to avoid
paying their due share of tax, a practise if left unaddressed would
cost the rest of the taxpaying population billions of pounds. And I
will take action in a way that will not raise the tax burden on the
self employed and small businesses overall.

note: my emphasis

but the hike in CT will affect many many "legitimate" small buisnesses

[BoredBloke]

"but the hike in CT will affect many many "legitimate" small buisnesses"

And more people work in the SME sector than for big business.

[Bluebird]

I would guess that to absorb the increase in CT, "legitimate" businesses will need to increases their prices to cover this additional overhead - so come next contract review - up your rate !

[Mervalous]

Did I alos see something about £2k for small companies to offer training?