Reply to: IR35 review confirmed

[jimjamuk]

Well, if thats the case, just assume you are in and pay the tax. Obviously you do care, otherwise you would just be doing that already.

No I dont care what they change it to - they could say it 99% tax if you in as long as they define what in means

That way once you know the rules you can decide if you want to play or not

[SofaKingdom]

All I keep seeing is moans about "they're trying to tax us more by making us all employees". It's not about that, and never has been.

I agree. Have been telling you lot for ages that you need a company brochure.

Denny

[malvolio]

It's not about tax it's about NICs. Subtle difference. It's also not about employee vs non-employee, it's about being in business as an independent supplier of services against being someone pretending to be to take advantage of corporate taxation levels. If, for example, you could say you were a business and in exchange would not be looking for employee benefits from the government such as maternity benefits or Tax Credits or JSA, would that be a fair exchange?

All I keep seeing is moans about "they're trying to tax us more by making us all employees". It's not about that, and never has been.

[HairyArsedBloke]

I read about the IR35 review. I think they're as likely to drop it as they are to get rid of duty on a pack of fags.
Nevertheless, it'll be interesting to see what unfolds

Aye.

[JulesInch]

+1

IR35 is a complicated pain in the neck, that I've never really understood and just tried to work around/get contract reviews/be careful etc... but its still a gamble. Making things clearer is definitely a good thing

True, but it's not in the coalition's interest to make it clearer how a contractor can pay less tax, is it?

[JulesInch]

I read about the IR35 review. I think they're as likely to drop it as they are to get rid of duty on a pack of fags.
Nevertheless, it'll be interesting to see what unfolds

[Fred Bloggs]

Always, better the devil you know. It can only get worse from here.

[northernladuk]

I would have thought most of us would be dreading a review. The number of contracts that might look out of IR35 but are plainly hidden employee's at total direction of the client must be phenomenal and therefore the govt loses on tax and the contractor gains. All these people would not welcome a review I would have thought?

[escapeUK]

thing is - I dont actually care what they change it to as long as its clear whether you are in or out

Well, if thats the case, just assume you are in and pay the tax. Obviously you do care, otherwise you would just be doing that already.

[blacksheep]

+1

IR35 is a complicated pain in the neck, that I've never really understood and just tried to work around/get contract reviews/be careful etc... but its still a gamble. Making things clearer is definitely a good thing

[dx4100]

What he said...

[jimjamuk]

thing is - I dont actually care what they change it to as long as its clear whether you are in or out

[d000hg]

Some people will definitely be paying less tax. Whether we'll be amongst them or not... maybe it will even depend how profitable you are. A 1-man company grossing £100k profit could quite sensibly be classified for higher tax, a self-employed person bringing in £30k, it's a big difference.

[Wanderer]

We will review IR 35, as part of a wholesale review of all small business taxation, and seek to replace it with simpler measures that prevent tax avoidance but do not place undue administrative burdens or uncertainty on the self-employed, or restrict labour market flexibility.

Oh great. So they will review it in such a way that we pay LESS TAX??? Umm, I don't think so, they will make it more "fair" so we will end up paying more. Betcha.

[Sally BFCA]

Whatever it is, I'm sure will be able to pick it to bits.

It will keep us on our toes. I'm rather bored with IR35 now, need a new challenge!