Reply to: Chancellor ignores Ltd company directors again....

[AtW]

No thanks

[GJABS]

Insurance does nit work when everybody affected - just look at “business interruption policies” now, what a con

Invest in insurance companies. Their shares have been hit by Covid making investors think they'll have to pay out loads. I think they won't have to pay so much.
e.g. I bought a load of Aviva a couple of weeks ago - on a price to historical earnings ratio of less than 4.

[NotAllThere]

Mods, can we just bin this dullard?

I'll bring my laptop to the next real life meet up. Buy me enough kwality whisky and I might be amenable.

Careful about those bats.

Man-snake-bat-flu can make you into fruit-loop.

[d000hg]

No it doesn't and no it couldn't. You really are bat tulip crazy.

Careful about those bats.

[AtW]

Dear Deity, an insurance scheme paying out?

Surely that's against all the rules of insurance.

Insurance does nit work when everybody affected - just look at “business interruption policies” now, what a con

[shaunbhoy]

I'd have more respect for politicians if they at least answered the clearly put question rather than deflecting - even if the answer wasn't something I really liked.

Good luck with that.

[elsergiovolador]

Just because dividend tax, or NI, is not ring-fenced by statute, does not mean politicians cannot regard them to be so informally.
The word "national insurance" does suggest "insurance". Maybe the job retention scheme is an example of this insurance (finally) starting to pay out.

That label is meaningless. It has not been an insurance for a long time. It is however a great tool for dishonest politicians to divide people. When people are going to be angry at each other, they will not see how they are being shafted in the background.

[pjt]

Dear Deity, an insurance scheme paying out?

Surely that's against all the rules of insurance.

Nope the problem is when you claim your policy skyrockets the next year! Who's looking forward to record breaking tax bills over the next few years?

[DoctorStrangelove]

Dear Deity, an insurance scheme paying out?

Surely that's against all the rules of insurance.

[GJABS]

It would be a rubbish question if dividend tax was ring-fenced, but it is not. So the situation is that a person that pays tax with one label gets different treatment from a person paying the same tax with another label.

Just because dividend tax, or NI, is not ring-fenced by statute, does not mean politicians cannot regard them to be so informally.
The word "national insurance" does suggest "insurance". Maybe the job retention scheme is an example of this insurance (finally) starting to pay out.

[jamesbrown]

I am looking at the amount of money paid to the taxman. Sure you can have lower %, but higher fee so tax yield is the same or higher.

The % is used for deception, so that dishonest politicians can claim: look! this entrepreneur pays 5% less tax than you for doing the same job!
But the fact is that the entrepreneur pays much more, even if % is lower.

I am not going to brag how long I've been doing this.

Inneresting.

[vwdan]

I am looking at the amount of money paid to the taxman. Sure you can have lower %, but higher fee so tax yield is the same or higher.

The % is used for deception, so that dishonest politicians can claim: look! this entrepreneur pays 5% less tax than you for doing the same job!
But the fact is that the entrepreneur pays much more, even if % is lower.

I am not going to brag how long I've been doing this.

Mods, can we just bin this dullard?

[elsergiovolador]

It's not the same % tax.
It's not based on the same rules.

Tell me, how long have you been running a business?

I am looking at the amount of money paid to the taxman. Sure you can have lower %, but higher fee so tax yield is the same or higher.

The % is used for deception, so that dishonest politicians can claim: look! this entrepreneur pays 5% less tax than you for doing the same job!
But the fact is that the entrepreneur pays much more, even if % is lower.

I am not going to brag how long I've been doing this.

[rootsnall]

It would be a rubbish question if dividend tax was ring-fenced, but it is not. So the situation is that a person that pays tax with one label gets different treatment from a person paying the same tax with another label.

This creates a situation where one pound is not equal one pound and could uproot our currency.

PAYE workers have been paying tax under the NI label, Ltd Co contractors haven't, and I think that currently has them in the Richard Branson camp.

[WTFH]

Care to elaborate?

It's not the same % tax.
It's not based on the same rules.

Tell me, how long have you been running a business?