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“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.
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).
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.
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).
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