Reply to: Budget Cancelled

[simes]

It's not unheard of.

[JohntheBike]

Does this have any implications on the planned IR35 changes?

I understood that these can only be implemented if a budget containing the proposals is passed, which seems to be the general opinion here. However, NLUK has a different opinion.

[oliverson]

Labour sees there is avery unequal society. And wants to do something to make things a bit fairer.

meaning that instead of people aspiring to achieve things and raising their game accordingly, they'd rather drag successful go getters down to their level and pick their pockets.

[ChimpMaster]

This is good news, the reforms will be wither scrapped or moved back a few years. No budget means they can't push legislation through in time.

I'm not sure this is correct, but I must admit these are very confusing times.

As yet there has not been any official or even semi-official communication to indicate that the IR35 reforms will be delayed.

[Unix]

This is good news, the reforms will be wither scrapped or moved back a few years. No budget means they can't push legislation through in time.

[TwoWolves]

Labour sees there is avery unequal society. And wants to do something to make things a bit fairer.

... but unfortunately will make things far worse because they simply don't understand how things work.

[BrilloPad]

We'll be lucky. Labour sees dividends as unearned income for the rich made on the back of the workers. Prime target for "fairness" taxes

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Labour sees there is avery unequal society. And wants to do something to make things a bit fairer.

[Acme Thunderer]

as well as making dividend tax rates broadly similar to income tax.

We'll be lucky. Labour sees dividends as unearned income for the rich made on the back of the workers. Prime target for "fairness" taxes

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[Lance]

I think the Banks are doing the thing they do on the back of every setback they encounter and they bring in a knee jerk reaction to reduce costs and as soon as one of them do it the rest will follow. Happened in 2008. If legislation doesn't happen it might accelerate them realising project delivery is being hit and to go back on the idea but I can't see the April 2020 changes not happening now.

That said a lot of other clients are only just thinking about it so might yet be helpful to us.

I can't see a Labour government reversing any changes but I could see it, essentially, aligning tax and employment laws and giving some employee rights to temporary workers.

as well as making dividend tax rates broadly similar to income tax.

[SussexSeagull]

I think the Banks are doing the thing they do on the back of every setback they encounter and they bring in a knee jerk reaction to reduce costs and as soon as one of them do it the rest will follow. Happened in 2008. If legislation doesn't happen it might accelerate them realising project delivery is being hit and to go back on the idea but I can't see the April 2020 changes not happening now.

That said a lot of other clients are only just thinking about it so might yet be helpful to us.

I can't see a Labour government reversing any changes but I could see it, essentially, aligning tax and employment laws and giving some employee rights to temporary workers.

[Lance]

Hmmmmm - after a little digging it appears that the private sector off-payroll rules are in the draft legislation planned for the Finance Bill following the 2019 budget, which has now been cancelled. I've had a quick trawl through the 2018 Finance Act and can see sections covering the loan charge rules but nothing talking about off-payroll working, or similar phrases.

The draft legislation was published on 11 July 2019.

So unless I'm missing something (and it certainly wouldn't be the first time!) further enabling legislation is required, which may or may not be passed in time for the new rules to come into force in April 2020.

you are correct.... Not often Webberg gets it wrong, but in this case he did.
It needs a budget, and a finance bill.
Could the current government get a finance bill passed? I've been told that even with his lack of majority that a finance bill will likely pass as without it very few taxes can be collected from April 6th. Although I'd not rule anything out right now.

[tenten]

True. I can't think of any party who would be willing to overturn it. There isn't any party I actually want to give my vote to but I also refuse to not vote, a bit of a dilemma. Such a shame that you can't register a 'none of the above' type vote.

Challenging IR35 was at least on the agenda at the Lib Dems Autumn conference: YouTube

The SNP have in the past spoken out against it but I don't know they still hold that position as a party. My own SNP MP certainly does.

[ladymuck]

True. As no party can change it. HMRC are in charge and get what they want.

True. I can't think of any party who would be willing to overturn it. There isn't any party I actually want to give my vote to but I also refuse to not vote, a bit of a dilemma. Such a shame that you can't register a 'none of the above' type vote.

[BrilloPad]

Likewise. They've most certainly lost our vote.

No party will change what's happening with IR35.

True. As no party can change it. HMRC are in charge and get what they want.

[ShandyDrinker]

Me neither. Nor my missus.

Likewise. They've most certainly lost our vote.

No party will change what's happening with IR35.