Originally posted by expat
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Reply to: contracting, rates, and tax
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Previously on "contracting, rates, and tax"
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Originally posted by expat View PostI understand the point that you and Mal and the author were making, but actually I don't think it's government's job to compensate people for risks they take freely. If the risk is not worth taking in itself, people shouldn't take it. Furthermore, for government to insure against it, is to interfere in the market mechanism that works against bad choices.
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Originally posted by swamp View PostScheduled D self employed individuals pay less overall tax than their PAYE counterparts because of the risk they undertake. The tax system recognises this fact.
Limited company contractors enjoyed the same advantage (if a little indirectly) until IR35.
This, I believe, is the point he was making.
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Originally posted by expat View PostThe compensation for loss of security and state benefits comes from the higher rate. If you're not getting a high enough rate to compensate, even on 100% PAYE, then your rate is not high enough.
Limited company contractors enjoyed the same advantage (if a little indirectly) until IR35.
This, I believe, is the point he was making.
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Well OK, he's not wrong - but Mr Roback is simply repeating what many have been saying for the last 10 years...
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contracting, rates, and tax
CUK front page, Contractors not in it for tax avoidance
IR35 was a major blow for contractors who had become ‘self-employed’ on the understanding that the tax advantages would compensate for the loss of security and state benefits.Tags: None
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