Originally posted by meridian
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IR35 under the Tories
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Originally posted by The Wikir Man View PostIt's a hypothetical question, not an assumption.
IF they "clarified the legislation" so that everyone was paying a different rate of tax (equivalent to forcing you inside IR35 under the current regime), would you be happy?Older and ...well, just older!!Comment
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Originally posted by The Wikir Man View PostIt's a hypothetical question, not an assumption.
IF they "clarified the legislation" so that everyone was paying a different rate of tax (equivalent to forcing you inside IR35 under the current regime), would you be happy?Comment
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Originally posted by Pondlife View PostSurely anyone who would be happy about this because they are that concerned would be paying up now anyway?
While there is doubt, I'm happy to do that. If there was no doubt, I wouldn't be too fussed about paying the extra tax, to be honest.If you have to add a , it isn't funny. HTH. LOL.Comment
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Originally posted by The Wikir Man View PostTories have said that they would look to simplify tax legislation, and will look at IR35 as part of doing that.
If they "simplify" the tax system so that everyone is essentially classed as the equivalent of being inside IR35 now, do you think that would be better or worse?
Poll to follow.
What's the point in any of that? Thick ****ers.I couldn't give two fornicators! Yes, really!Comment
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Originally posted by BolshieBastard View PostThis is ******* tulip! Everyone IR35 caught!? So, you either can claim legitimate expenses as you can now, so what's the point of an IR35 clone or, you cant claim much more than you can now under IR35.
What's the point in any of that? Thick ****ers.
For many years, certain groups have been calling for the scrapping of IR35 legislation.
IF (and it's hypothetical) ANY POLITICAL PARTY (which could mean any party in power, but only the Tories have said that they will look at IR35 so far, which is why I put their name in the thread title) were to scrap IR35 completely, but replace it with something where all income was taxed in the same way rather than differing conditional on source (i.e. dividends are taxed in the same manner as PAYE), that would make the system easier to enforce and "fairer". If that situation were to apply, would that make those who are calling for an IR35 rethink content?
So, you could still expense as you currently do, but any income you receive is taxed in the same manner regardless of source (as happens in other countries).If you have to add a , it isn't funny. HTH. LOL.Comment
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Originally posted by The Wikir Man View PostIF (and it's hypothetical) ANY POLITICAL PARTY ... were to scrap IR35 completely, but replace it with something where all income was taxed in the same way rather than differing conditional on source (i.e. dividends are taxed in the same manner as PAYE), that would make the system easier to enforce and "fairer". If that situation were to apply, would that make those who are calling for an IR35 rethink content?
That includes shareholders in the stock market, and shareholders of private companies. That's a bit unrealistic isn't it?Comment
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Originally posted by Doggy Styles View PostYou mean ALL dividends are taxed as personal income?
That includes shareholders in the stock market, and shareholders of private companies. That's a bit unrealistic isn't it?
It works in France.If you have to add a , it isn't funny. HTH. LOL.Comment
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Originally posted by The Wikir Man View PostAll income is taxed in the same way - so if that is income to a company, then they pay corporation tax on it; if that is an individual then they pay income tax on it.
It works in France.
You can't load NICs (employment taxes) on a personal stock market shareholder.Comment
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A big part of the problem is that NI is a stealthy and sneaky tax, so it's not surprising there are unintended consequences and complications.Comment
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