Conservative Conference IR35

[malvolio]

Please don't give Agencies any ideas on how to advertise a higher salary....

They already do this, don't they? Else why Mr Chaplin's Smurf rates....

[WTFH]

eek & LM are on to something here, which is overhauling the whole tax system.

Income Tax
National Insurance
Dividend Tax

Roll them all up in to "Earnings tax" that kicks in at, say £15k (15%), increases at £50k (25%), again at £100k (40%), £200k (50%) and maybe others at £500k and above.
It applies to all funds received (including offshore and trusts), and by including the offshore funds, you'll find a lot more tax coming in.

Then change the corporation tax rules, so they effectively include employer NI. They either need to be based on profit, turnover, number of employees, or a combination of the three. They should also apply to the corporate structure, so if it there are multiple shell companies, the tax is paid rather than having profits syphoned off to a tax have.

[Chris Bryce]

eek & LM are on to something here, which is overhauling the whole tax system.

This is actually what's needed and many prominent (and not so prominent) experts have been saying so for years.

Unfortunately, and, yes, this is cynical, there are perhaps too many high-end accountants and tax lawyers who'd take a large revenue hit so lobby against this approach.

[ladymuck]

eek & LM are on to something here, which is overhauling the whole tax system.

Income Tax
National Insurance
Dividend Tax

Roll them all up in to "Earnings tax" that kicks in at, say £15k (15%), increases at £50k (25%), again at £100k (40%), £200k (50%) and maybe others at £500k and above.
It applies to all funds received (including offshore and trusts), and by including the offshore funds, you'll find a lot more tax coming in.

Then change the corporation tax rules, so they effectively include employer NI. They either need to be based on profit, turnover, number of employees, or a combination of the three. They should also apply to the corporate structure, so if it there are multiple shell companies, the tax is paid rather than having profits syphoned off to a tax have.

[ladymuck]

Because it's not their business to know? ISTR that the contents of a payslip are defined in legislation, and must show all the deductions from the employee's gross pay (which is also shown). However that gross pay is exclusive of ERNICs of course.

Interesting. I looked it up and I'd argue there's an opening to interpretation there.

You could say that an employee's gross salary includes employer's NI and it is deducted from their pay. However, convention is that it is a tax on employment and so is hidden from view, per Dominic's comment.

Your payslip must show:

• your earnings before and after any deductions
• the amount of any deductions that may change each time you’re paid, for example tax and National Insurance
• the number of hours you worked, if your pay varies depending on time worked

https://www.gov.uk/payslips

[eek]

Interesting. I looked it up and I'd argue there's an opening to interpretation there.

You could say that an employee's gross salary includes employer's NI and it is deducted from their pay. However, convention is that it is a tax on employment and so is hidden from view, per Dominic's comment.



https://www.gov.uk/payslips

That's why umbrellas give you both a pay slip and a payment summary.

The summary should explain how they got to the gross pay from the umbrella / assignment fee they received. I.e. what they did with

1) the umbrella's margin
2) holiday pay
3) Employer NI
4) Apprenticeship levy.

And as we continually point out if you don't see separate lines for those items ask what are they hiding.