Originally posted by Hobosapien
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Reply to: Just a thought on IR35
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Previously on "Just a thought on IR35"
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Originally posted by CoolCat View PostVarious MP blogs in the Conservative party are saying budget will go ahead
Tory MPs: "But nobody in their right minds will believe that!"
Number 10: "I don't give a tulip, stick that on your ******* blogs or your ******* Twitters or your ******* Facebooks or wherever NOW or else."
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They have to put forward a budget for 2020/21 (they being whoever is in power), if it remains the Tories they've aleady done their prep work. The other parties similarly will have spending plans ready. The only configuration that I think might affect it is a coalition, it may take time to come up with and there'll be a certain amount of horse trading happening. The only way OPR will be one of the measures being discussed is if one of the parties wants to delay or repeal it. The legislation is already written and has had quite a long lead time so it's not a likely candidate for change in my view.
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Originally posted by TwoWolves View PostThe legislation requiring IR35 status to be determined by private sector companies is contained in the 2019/20 Finance Act, which is still in draft. It would normally be presented with the Budget and voted on by Parliament, which is currently done in October.
Now, the Government, having prorogued Parliament, cannot have a Budget while Parliament is not sitting, and when it does sit again, will be very busy preparing for [Brexit][Election][Further Prorogation][staying out of prison]*, so are unlikely to have a Budget at any time soon.
Even if they did, and they remained in office long enough, the way the numbers stack up it would seem very unlikely that they would get the Budget to pass.
AIUI, the emergency financial statement that the Chancellor presented earlier in the month was enough to allow the tax rates and some other financial instruments to roll over in April (they are also normally presented in the Budget), but they did not pass this years Finance Act in it's entirety into law.
So, if we accept that normal government will not resume until things have settled down one way or another, I would say that it is exceptionally unlikely that we will get any sort of Budget until the new year. This make the cries of there being not enough time to implement the IR35 changes even more poignant, and that makes it likely, IMHO, that the measures will be delayed until at least April 2021.
What do you think?
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Originally posted by TwoWolves View PostThe legislation requiring IR35 status to be determined by private sector companies is contained in the 2019/20 Finance Act, which is still in draft. It would normally be presented with the Budget and voted on by Parliament, which is currently done in October.
Now, the Government, having prorogued Parliament, cannot have a Budget while Parliament is not sitting, and when it does sit again, will be very busy preparing for [Brexit][Election][Further Prorogation][staying out of prison]*, so are unlikely to have a Budget at any time soon.
Even if they did, and they remained in office long enough, the way the numbers stack up it would seem very unlikely that they would get the Budget to pass.
AIUI, the emergency financial statement that the Chancellor presented earlier in the month was enough to allow the tax rates and some other financial instruments to roll over in April (they are also normally presented in the Budget), but they did not pass this years Finance Act in it's entirety into law.
So, if we accept that normal government will not resume until things have settled down one way or another, I would say that it is exceptionally unlikely that we will get any sort of Budget until the new year. This make the cries of there being not enough time to implement the IR35 changes even more poignant, and that makes it likely, IMHO, that the measures will be delayed until at least April 2021.
What do you think?and that makes it likely, IMHO, that the measures will be delayed until at least April 2021
let's hope so, as I personally will be out of it by then - retired.
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Originally posted by malvolio View PostJust because Parliament isn't sitting, doesn't mean the Treasury cannot plan a budget. It will follow the Queen's Speech rather closely I suspect.
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I thought most of the number crunching and prep in the background for any policy is done by the permanent secretaries and lower so aren't affected by whatever is going on in Parliament at the time no?
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Just because Parliament isn't sitting, doesn't mean the Treasury cannot plan a budget. It will follow the Queen's Speech rather closely I suspect.
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Just a thought on IR35
The legislation requiring IR35 status to be determined by private sector companies is contained in the 2019/20 Finance Act, which is still in draft. It would normally be presented with the Budget and voted on by Parliament, which is currently done in October.
Now, the Government, having prorogued Parliament, cannot have a Budget while Parliament is not sitting, and when it does sit again, will be very busy preparing for [Brexit][Election][Further Prorogation][staying out of prison]*, so are unlikely to have a Budget at any time soon.
Even if they did, and they remained in office long enough, the way the numbers stack up it would seem very unlikely that they would get the Budget to pass.
AIUI, the emergency financial statement that the Chancellor presented earlier in the month was enough to allow the tax rates and some other financial instruments to roll over in April (they are also normally presented in the Budget), but they did not pass this years Finance Act in it's entirety into law.
So, if we accept that normal government will not resume until things have settled down one way or another, I would say that it is exceptionally unlikely that we will get any sort of Budget until the new year. This make the cries of there being not enough time to implement the IR35 changes even more poignant, and that makes it likely, IMHO, that the measures will be delayed until at least April 2021.
What do you think?Tags: None
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