Crackdown on PSCs in public sector

[AtW]

How far do you think will Gideon might go with: "Confirm plans to cut income tax for middle class workers and the low paid by raising the tax free allowance, and the 40p higher rate threshold."?

Not far - he'll move increase to what was promised to happen in April 2020

[AtW]

Wednesday might be a bit more interesting that the last few budgets...

Hope not - I am already getting shafted by the last two...

[jamesbrown]

How far do you think will Gideon might go with:

"Confirm plans to cut income tax for middle class workers and the low paid by raising the tax free allowance, and the 40p higher rate threshold."?

The headlines are mixed and some are confusing the wider issue ("100,000 companies, 400m tax") with the public sector portion (20,000, 70m). This has obviously been briefed as focusing on the public sector, but it may be for the briefing or, more likely, they will phase it in, beginning with the public sector. Afterall, it's will be easier to enforce in the public sector. Based on the details in some articles, it still sounds more like as ESI approach than an outright ban.

[ruasonid]

How far do you think will Gideon might go with:

"Confirm plans to cut income tax for middle class workers and the low paid by raising the tax free allowance, and the 40p higher rate threshold."?

[ShandyDrinker]

Wednesday might be a bit more interesting that the last few budgets...

Depends on your definition of interesting...

I'd settle for boring after the various announcements made over the last 12 months.

[administrator]

Wednesday might be a bit more interesting that the last few budgets...

[ruasonid]

BBC stars run to their accountants:

George Osborne to close tax loophole of staff being paid 'off the books' | Daily Mail Online

[AtW]

Full story:

Budget: George Osborne to launch crackdown on income tax loophole - Telegraph

Sounds quite similar to the idea mooted in the IR35 discussion document whereby the client (public sector employer) decides on status. If it's happening in the public sector now, it'll be in the private sector before long.

"An estimated 20,000 public sector workers reduce their income tax and national insurance bills by £3,500 each year"



Chasing 70 mln when the annual hole in budget is 70 bln.

[jamesbrown]

Full story:

Budget: George Osborne to launch crackdown on income tax loophole - Telegraph

Sounds quite similar to the idea mooted in the IR35 discussion document whereby the client (public sector employer) decides on status. If it's happening in the public sector now, it'll be in the private sector before long.

[AtW]

New dividends rate + corp tax gets to around to 50% tax anyway, very high as it is.

[jamesbrown]

Interesting quote in the Mirror: "The reform means that workers will be given questionnaires by bosses to determine how they should be taxed." The headlines could, therefore, be misleading (e.g. revamped ESI vs. enforced on-payroll).

[AtW]

Emerging budget story, apparently focused on public sector workers (bottom left).

PAYE+NICS rate on dividends for PSCs

[jamesbrown]

Emerging budget story, apparently focused on public sector workers (bottom left).



More here:

Budget to end stars’ ‘off-the-books’ pay | The Sunday Times