• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

The new IR35 regime

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    #11
    Originally posted by Bagpuss View Post
    “Inevitably knowing where you are on the risk-profile will mean good news for some and not so good news for others,” added IR35 forum member Kate Cottrell, of IR35 specialists Bauer & Cottrell.

    “But right now, it’s a case of ‘as you were.’ Contractors should continue to consider their IR35 status on a contract-by-contract basis as this is what is required by the unchanged legislation.”
    So, keep using our PAYG contract review service until we are the first to introduce our new IR35 Risk Profiling Service later this year.

    Cynical? Moi?

    Comment


      #12
      Why don't they just harmonise Dividend Tax with Income Tax. it'd save a whole lot of nonsense.

      Comment


        #13
        Originally posted by Robinho View Post
        Why don't they just harmonise Dividend Tax with Income Tax. it'd save a whole lot of nonsense.
        Because IR35 is not really about income tax but about the 22% of NI (employer and employee) which gets added on.
        merely at clientco for the entertainment

        Comment


          #14
          Originally posted by eek View Post
          Because IR35 is not really about income tax but about the 22% of NI (employer and employee) which gets added on.
          Ok, well merge NI and IT and harmonise it with Dividend Tax.

          Bob's your Uncle.

          Comment


            #15
            Originally posted by eek View Post
            Because IR35 is not really about income tax but about the 22% of NI (employer and employee) which gets added on.
            Harmonise the taxes.


            Employers NI should be scrapped. How the **** do they expect the economy to grow when you are taxing employers for creating employment?

            Roll employees NI into the income tax system. Nice and simple.

            Then make the tax rates for dividends exactly the same as income tax.

            It would be so simple.

            Comment


              #16
              Originally posted by DimPrawn View Post
              Harmonise the taxes.


              Employers NI should be scrapped. How the **** do they expect the economy to grow when you are taxing employers for creating employment?

              Roll employees NI into the income tax system. Nice and simple.

              Then make the tax rates for dividends exactly the same as income tax.

              It would be so simple.
              So that makes employee NI 23% (hope the permies get a 12% pay rise to cover it).
              And the base tax rate will increase from 23% to 45%. No government is ever going to agree to that turkey which is why NI (both sides will stay).
              merely at clientco for the entertainment

              Comment


                #17
                Originally posted by DimPrawn View Post
                Harmonise the taxes.


                Employers NI should be scrapped. How the **** do they expect the economy to grow when you are taxing employers for creating employment?

                Roll employees NI into the income tax system. Nice and simple.

                Then make the tax rates for dividends exactly the same as income tax.

                It would be so simple.
                I'd rather go the whole hog to a flat tax. 13% sounds about right.
                Cats are evil.

                Comment


                  #18
                  Originally posted by eek View Post
                  So that makes employee NI 23% (hope the permies get a 12% pay rise to cover it).
                  And the base tax rate will increase from 23% to 45%. No government is ever going to agree to that turkey which is why NI (both sides will stay).
                  The effective income tax would be less if anything because dividend tax would go up. Most people would be happy.

                  Comment


                    #19
                    Originally posted by swamp View Post
                    I'd rather go the whole hog to a flat tax. 13% sounds about right.
                    This too.

                    Simple taxes are good taxes.

                    Comment


                      #20
                      Originally posted by Robinho View Post
                      This too.

                      Simple taxes are good taxes.
                      The UK spends around £1bn on HMRC collecting taxes...

                      Flat tax == very few tax inspectors, very little evasion (why bother), and very little avoidance (no scope).

                      Flat tax also means no NHS (which is a crap waste of money IMO), no large standing army to start dodgy wars in the Middle East (which is a crap waste of money IMO), and finally no benefits for chavs (which are a crap waste of money IMO).
                      Cats are evil.

                      Comment

                      Working...
                      X