What they should do is just harmonise the dividend and income tax rate, and then there wouldn't be a problem.
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PCG News on gov contracts - Will the government ever **** off and leave me alone?
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Originally posted by Jeebo72 View PostAs I said chill. You'll have a heart attack before you get to spend the money on the "big project!" No need to regurgitate the same old nonsense I’ve been a contractor for years, running my business as I see fit.
What really winds me up in this is the unfairness of the is an employee - only for tax purposes, but nothing else. The gov is basically saying - we will hire you but only via a limited company as we want you off payroll, without any of the beneifts that being an employee has, but then you'll have to pay your tax as if you were an employee. That to me is simply unfair and an abuse of power and what has me wound up most of all. I;m quite happy to pay the same tax as employees if I get the same rights, but I don't.
Where I'm working now - I can see another of the benefits of where all that tax goes. It's not one of the main govenment departments - you probably never even knew it existed, but they spend 4.5 billion a year and about 2 billion of that goes directly to companies who employ people. Companies with lots of employees not 1.
Most likely - I'll get my contract reviewed and will be fine, but my point still stands the gov [aka the civil service] is making up too many rules - leading to uncertainty of what amount of money you'll get to keep from your company earnings this year. And they should just simply it all.
If I were David Ike's equivalent "Paymad Oik?", I'd say there was a consipracy amongst the unions to keep creating regulations that creates civil sector jobs to monitor it all, which requires an increase in taxation to pay for the jobs.Signed sealed and delivered.Comment
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Originally posted by Robinho View PostWhat they should do is just harmonise the dividend and income tax rate, and then there wouldn't be a problem.
The Single Income Tax | The 2020 Tax Commission
Not sure why they want to get rid of Inheritance tax, maybe I misunderstand it - in my mind, it would be bet to treat it as untaxed income and charge the standard 30% income rate on it - seems fair to me. Will have a further read of:
http://2020tax.org/2020tc.pdf at 400 odd pages it a lot. I'm looking forward to see what the tax collected drop to -and which service they plan to cut?Signed sealed and delivered.Comment
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Perhaps you're better off becoming a tradesman like a carpenter, brickie or electrician they seem to escape it all by doing fiddles for cash without all the hassleIn Scooter we trustComment
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Originally posted by The Spartan View PostPerhaps you're better off becoming a tradesman like a carpenter, brickie or electrician they seem to escape it all by doing fiddles for cash without all the hassleComment
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Originally posted by Robinho View Post
I don't like IR35. But it is fair. We are basically employees.
What is unfair is that the tax rate gets to 40+%.
Apologies for any confusionWork in the public sector? Read the IR35 FAQ hereComment
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Originally posted by Jeebo72 View PostBut they are hard to catch. Get it? Easy targets...but all said and done the scare stories aren't merited. There are plenty of reasons why QDOS etc are happy to perpetuate them but very few people are actually affected. So be a contractor and move about a lot, then you’re not an easy target. If however you’ve been in the same IB for 5 years doing the same job. And yes I do mean same job, well ...In Scooter we trustComment
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Originally posted by IR35FanClub View PostPedant. I used the term loosely to represent the opposite end of the political specturm than what is probably described as a liberal democracy.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by The Spartan View PostPerhaps you're better off becoming a tradesman like a carpenter, brickie or electrician they seem to escape it all by doing fiddles for cash without all the hassleOriginally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by The Spartan View PostI wholeheartedly agree with you that they're hard to catch and we're easy targets, I'm not going to bang on about fairness etc but I believe they could do more to stamp it out. With the money we earn we contribute sure there are ways to minimise this but it doesn't totally involve not paying anything unlike if you're paid cash in hand which is total avoidanceComment
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