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HOL hearing - 02/03/2020

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    #11
    Ok, thanks.

    Then with apologies if sounding too simplistic;

    1. Remove NI altogether
    2. Increase Income tax by 10% to cover what was deemed lost by NI

    Does that cover it?

    Comment


      #12
      Originally posted by simes View Post
      Ok, thanks.

      Then with apologies if sounding too simplistic;

      1. Remove NI altogether
      2. Increase Income tax by 10% to cover what was deemed lost by NI

      Does that cover it?
      It needs to be 23% roughly to make up for Employers NI (10% employee, 13.4% employer and it starts at a lower level)... See why it doesn't work...
      merely at clientco for the entertainment

      Comment


        #13
        Originally posted by eek View Post
        It needs to be 23% roughly to make up for Employers NI (10% employee, 13.4% employer and it starts at a lower level)...
        Of course yes! Again thanks.

        But is the general thinking along the right lines? Remove NI as an entity and chuck the shortfall into Income Tax?

        Comment


          #14
          There needs to be an overhaul of the entire tax system. Anything less would be just tinkering.

          Chuck out rule book and start again. There will be winners and losers and vested interests all over the shop but it needs doing.

          Pie in the sky stuff, it'll never happen as no elected person has the gumption to consider anything longer than their parliamentary term.

          Comment


            #15
            Originally posted by simes View Post
            Of course yes! Again thanks.

            But is the general thinking along the right lines? Remove NI as an entity and chuck the shortfall into Income Tax?
            You would need to increase wages to reflect the Employer Ni due and companies may not do that.

            The problem for all the solutions is that you can't do it from here. The only option is to go back and work out what employment actually is and correctly define it and HMRC really didn't like the answers the last such report (sorry but I can't remember who did it back in 2017/18)..
            merely at clientco for the entertainment

            Comment


              #16
              Originally posted by ladymuck View Post
              There needs to be an overhaul of the entire tax system. Anything less would be just tinkering.

              Chuck out rule book and start again. There will be winners and losers and vested interests all over the shop but it needs doing.

              Pie in the sky stuff, it'll never happen as no elected person has the gumption to consider anything longer than their parliamentary term.
              This is about the first time since 1997 when a Government could do so and they have far bigger issues at the moment (Brexit would have been enough, the coronavirus adds another big hassle on top).
              merely at clientco for the entertainment

              Comment


                #17
                It would be a good start if there was a minister appointed to HMRC as there is for other depts.

                Comment


                  #18
                  Originally posted by ladymuck View Post
                  There needs to be an overhaul of the entire tax system. Anything less would be just tinkering.

                  Chuck out rule book and start again. There will be winners and losers and vested interests all over the shop but it needs doing.

                  Pie in the sky stuff, it'll never happen as no elected person has the gumption to consider anything longer than their parliamentary term.
                  I disagree. It needs an overhaul of HMRC.

                  Comment


                    #19
                    Originally posted by BrilloPad View Post
                    I disagree. It needs an overhaul of HMRC.
                    Well, yes, that too.

                    Comment


                      #20
                      Originally posted by ladymuck View Post
                      Well, yes, that too.
                      Where is Maggie when the UK needs her?

                      Comment

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