The Ben/Jo case study and IR35

[WordIsBond]

Also, there's associated costs with running a LtdCo - accountancy fees etc

Good catch. I talked about that on an earlier thread but forgot it here. I've edited to add this and correct the SSP / SMP wording.

[jamesbrown]

Yep, it always comes back to the Employer's NI (in part) and how you view it. I think most of us would support wrapping together NI and income tax and reducing the overall tax burden on income, perhaps increasing the taxation of assets, as necessary. Even Gideon wants this in the longer term, but they have to get past that niggling little issue of making tax transparent (pensioner issues can be dealt with).

[Zero Liability]

And eventually reduce spending and all taxes with it, even if the very idea makes them febrile.

Thanks for doing this btw WIB. I think this does rather highlight that they're comparing apples to oranges, and I think that'd be the case even without the dividend tax; that it now applies only worsens their case.

[Antman]

+1 Thanks

[The Spartan]

Also, there's associated costs with running a LtdCo - accountancy fees etc

Spot on, PI, EL and PL insurance

[eek]

Spot on, PI, EL and PL insurance

EL isn't required if you don't have employees...

[WordIsBond]

Yeah, I included PI insurance but not the others. I've got the others, but I have employees, too, and Ben doesn't.

[Danglekt]

I like it a lot

So once it's finalised who is submitting it?

[WordIsBond]

I like it a lot

So once it's finalised who is submitting it?

Whoever wants to.

If eek wants to include it in his writeup, that's fine with me. If no one else wants to submit it, I can. Or we could all copy and paste and send it to all our family and friends and ask them to send it to their MPs.

It probably needs boiled down into a summary, at this point this is getting the details. Key points -- (1) you are comparing apples to oranges (they know that but should be told anyway), so completely even tax treatment is not fair (2) the dividend tax changes the picture and you guys are too dumb to know it (perhaps more diplomatic language could be used ) (3) the IR35 solution is really unfair to Ben, so if you are going to make it apply here you have to modify it somehow (4) the elephant in the room is employers NI.

[eek]

Whoever wants to.

If eek wants to include it in his writeup, that's fine with me. If no one else wants to submit it, I can. Or we could all copy and paste and send it to all our family and friends and ask them to send it to their MPs.

It probably needs boiled down into a summary, at this point this is getting the details. Key points -- (1) you are comparing apples to oranges (they know that but should be told anyway), so completely even tax treatment is not fair (2) the dividend tax changes the picture and you guys are too dumb to know it (perhaps more diplomatic language could be used ) (3) the IR35 solution is really unfair to Ben, so if you are going to make it apply here you have to modify it somehow (4) the elephant in the room is employers NI.

given the option I will take it. Quick summary in the document and the detail in an appendix....