Originally posted by AnthonyQuinn
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Reply to: Lords damn IR35 changes
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Previously on "Lords damn IR35 changes"
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Originally posted by Bean View PostCan you point me in the direction of Covid-19 government assistance with regards to dividends? Must have missed that bit of their announcements...
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Originally posted by Bean View PostCan you point me in the direction of Covid-19 government assistance with regards to dividends?
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Originally posted by BlueSharp View PostDiv tax will equal PAYE tax as its only fair we all pay back what has been lent. Making IR35 a future academic argument.
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Originally posted by d000hg View PostI had a random thought - what if Rishi uses this as an opportunity for real change/reform to the tax system. It's all screwed anyway so maybe as good a time as any as we've seen a huge shift to home working, etc.
Probably a pipedream but just in case I'm writing it down
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It's a pipe dream. Bear in mind who supported Conservative party and how independent contractors are serious competition to those companies.
Our community cannot come up with such money that could influence the party enough to change their stance.
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I had a random thought - what if Rishi uses this as an opportunity for real change/reform to the tax system. It's all screwed anyway so maybe as good a time as any as we've seen a huge shift to home working, etc.
Probably a pipedream but just in case I'm writing it down
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Originally posted by jamesbrown View PostFinancial privilege of the Commons? Nah, not a chance. Afterall, this is a comparatively tiny and uncontroversial measure when compared to the austerity bills, like the Welfare Reform Bill.
Originally posted by elsergiovolador View PostWhy is it not controversial? Because people who are affected are not used to protest? It's only going through because people didn't believe something so stupid would actually get implemented and they have you know businesses to run.
Originally posted by jamesbrown View PostComparatively. It's controversial among a small community, a few tens to hundreds of thousands. Politics is about reality. The Welfare Reform Bill impacted millions. Longstanding conventions don't get overturned by minor injustices like IR35.
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Originally posted by elsergiovolador View PostThis is why it precisely should cause more outrage.
According to this article: How Entrepreneurship Might Be Genetic | Inc.com
37 to 48 percent of the tendency to be an entrepreneur is genetic.
Can you imagine a legislation negatively affecting people with different set of genetic make up?
At the same time look at the language that is being used to make larger population hate given group that is being persecuted:
Small businesses are tax dodgers, they don't pay their fair share and thanks to them public services are underfunded.
Average member of public can be easily turned against such group - so even if you do protest, that creates even more hatred.
This is dangerous and should not be taking place.
Politicians learned wrong lessons from what happened 75 or so years ago.
Personally, I'd prefer something closer to what they do in Ireland, even if that means paying more tax (it does).
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Originally posted by jamesbrown View PostComparatively. It's controversial among a small community, a few tens to hundreds of thousands. Politics is about reality. The Welfare Reform Bill impacted millions. Longstanding conventions don't get overturned by minor injustices like IR35.
According to this article: How Entrepreneurship Might Be Genetic | Inc.com
37 to 48 percent of the tendency to be an entrepreneur is genetic.
Can you imagine a legislation negatively affecting people with different set of genetic make up?
At the same time look at the language that is being used to make larger population hate given group that is being persecuted:
Small businesses are tax dodgers, they don't pay their fair share and thanks to them public services are underfunded.
Average member of public can be easily turned against such group - so even if you do protest, that creates even more hatred.
This is dangerous and should not be taking place.
Politicians learned wrong lessons from what happened 75 or so years ago.
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Originally posted by elsergiovolador View PostThere is no problem when umbrella pays basic salary plus commission. Just make NI payable on dividends or treat them as any other income.
But that would be too simple? Imagine how many people at HMRC would suddenly find they have nothing to do.
Forcing self-employed person to take entire fee as a salary makes it impossible to conduct business. That will be the end of small entrepreneurship.
Lets have a look at one of affected industry only - IT , almost every company nowdays adopts 'Cloud' which is typically offered by US companies hardly paying any UK tax, comparing to 'traditional' service providers which are UK based. Such a migration trend creates massive gap in revenue for UK tresury.
How about taxing at source Amazon, Google, Facebook and Apple .This should generate more revenue than IR35 as a whole. (They can take the rest to Ireland and Luxemburg and onwards to US)
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Originally posted by elsergiovolador View PostWhy is it not controversial? Because people who are affected are not used to protest? It's only going through because people didn't believe something so stupid would actually get implemented and they have you know businesses to run.
Leave a comment:
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Originally posted by jamesbrown View PostFinancial privilege of the Commons? Nah, not a chance. Afterall, this is a comparatively tiny and uncontroversial measure when compared to the austerity bills, like the Welfare Reform Bill.
Leave a comment:
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