Summer budget 2015

[webberg]

Let's start with this.

https://www.gov.uk/government/upload...Accessible.pdf

On your marks, get set, ...

[StrengthInNumbers]

7.5% on dividends now - ltd companies hit now.
The more u work and more u earn the more u get punished. Best stay on benefits.

[LandRover]

7.5% on dividends now - ltd companies hit now.
The more u work and more u earn the more u get punished. Best stay on benefits.

Indeed..an utterly dreadful budget for Freelancers and Ltd Cos...

Tories lost the plot and say one thing and do the other...only consolation is my conscientious is clear I didn't vote for the shower of shysters!

[bluemonkey71]

Isn't corporation tax dropping though?

Also £7.2bn to be raised from clampdown on tax avoidance and tax evasion with HMRC budget increased by £750m

[TestMangler]

Isn't corporation tax dropping though?

Also £7.2bn to be raised from clampdown on tax avoidance and tax evasion with HMRC budget increased by £750m

And if you think that means Starbucks, Google or Vodafone, think again. It means YOU mofo !

[LandRover]

Isn't corporation tax dropping though?

Also £7.2bn to be raised from clampdown on tax avoidance and tax evasion with HMRC budget increased by £750m

lol...your George Osborne and I claim my £10 the clue is in your name...blue

[MicrosoftBob]

And if you think that means Starbucks, Google or Vodafone, think again. It means YOU mofo !

I'm sure if we gave well paid directorships to MPs, we would be aloud to perform aggressive tax avoidance like those multinationals the government is so intent on letting HMRC give sweetheart deals

[BolshieBastard]

Found this in the Budget Report;

1.175
To improve tax compliance among small businesses,
the government will legislate
to give HMRC the power to acquire data from online business intermediaries and
electronic payment providers to help identify businesses that are trading but not
declaring or paying tax
. HMRC will consult on these proposals in July 2015

and

1.180
The government recognises that many individuals choose to work through their own
limited company. However, where people would have been employees if they were providing
their services directly, anti
‑
avoidance legislation commonly known as IR35 introduced in 2000
requires that they pay broadly the same tax and National Insurance as other employees. As
highlighted by reports from the Office of Tax Simplification and the House of Lords, it is clear
that IR35 is not effective enough. Non
‑
compliance in this area is estimated to cost over £400
million a year.
1.181
The government has asked HMRC to start a dialogue with business on how to
improve the effectiveness of existing IR35 legislation
.
The government wants to find a
solution that protects the Exchequer and improves fairness in the system.

[bluemonkey71]

lol...your George Osborne and I claim my £10 the clue is in your name...blue

close but no cigar