Reply to: The new IR35 regime

[northernladyuk]

2?? I thought that was about 5 inches away.. Oh dear

Story of my life.

[eek]

Which one is you?

I forgot I posted that on this thread (it was three weeks ago).

[sasguru]

.

Which one is you?

[amcdonald]

Nope, a flat rat tax with no expenses against tax. Everyone pays 13%

So how would that stop someone from paying no tax on their dividends, who is domiciled in the UK like someone you may have mentioned

[eek]

Just noticed that someone has come up with the name "KenCo" to for personal service companies.

Which is ironic as its not the personal service bit that is the (really) dodgy bit of what Ken is doing.

[Paddy]

Originally Posted by swamp
My definition is 13%. No bands, earn all the money you like:

Student earns £2000 working in a bar one summer. He pays 13%.

Contractor earns £100000 working in bank. He pays 13%.

Sir Philip Green earns £1bn from Topshop dividend. He pays 0%.

...and so on.


FTFY

Nope, a flat rate tax with no expenses against tax. Everyone pays 13%

[eek]

Are we expecting any announcements in tomorrow's budget? I thought they were just targetting the way it's administered.

They may be an announcement in the actual budget due to the cowboys at various Quango's doing things they should never have done.

As for anything else the worrying information is in the detail and that may take a bit of time before someone notices it.

[northernladuk]

There are two stories on CUK, about 2 inches that way ------------->

2?? I thought that was about 5 inches away.. Oh dear

[pacharan]

Are we expecting any announcements in tomorrow's budget? I thought they were just targetting the way it's administered.

[Bunk]

I'm here if you need me. I miss you lovely contractors Sooooooooo much.

All is forgiven you useless fat ****

[Hector]

I'm here if you need me. I miss you lovely contractors Sooooooooo much.

Rest assured that we are still on the case.

Not that we ever liked you, you mobile phone flinging pants-pissing arsehole.

[Gordon Brown]

Well, the new IR35 is almost here. All the balls posted on here about the Tories scrapping it looks a bit silly now, they are about to make it much much worse. Be careful what you wish for as they say. I think some will be wishing we were back under New Labour in a couple of days. At least then it was easy to avoid.

I'm here if you need me. I miss you lovely contractors Sooooooooo much.

[d000hg]

Well, the new IR35 is almost here. All the balls posted on here about the Tories scrapping it looks a bit silly now, they are about to make it much much worse. Be careful what you wish for as they say. I think some will be wishing we were back under New Labour in a couple of days. At least then it was easy to avoid.

Oh well, maybe you'll be able to find someone who will let you pay them to "protect you from IR35v2".

[Bagpuss]

Well, the new IR35 is almost here. All the balls posted on here about the Tories scrapping it looks a bit silly now, they are about to make it much much worse. Be careful what you wish for as they say. I think some will be wishing we were back under New Labour in a couple of days. At least then it was easy to avoid.

[Robinho]

10% of all revenue is about £50-60 billion. How are you going to make up the shortfall?

I would up the dividend tax. As i say doesn't make sense to tax twice.

Not if the infrastructure and workforce isn't there they don't. Otherwise Africa would be booming and northern Europe would be ****ed.

I never said there would be no infrastructure or workforce, i said it would be funded differently.

Trains would be more expensive, but businesses would have more money so they would be happy to pay for that expense if they needed the service.

Likewise, universities would be more expensive, but people would have more money so they could justify paying for them if they deemed them to be worthwhile. Companies would have more money and may be happy to sponsor people.

Finally do many jobs actually require a degree? There are plenty of pencil pusher jobs that don't need them. In fact, i took virtually nothing out of my university too.

Road tax and fuel duty more than covers the costs of the roads already. You will still need to spend more on the roads though, which will cause a shortfall elsewhere.

Good, and if we needed to spend more, we'd charge higher road tax, or fuel duty.