Will contracting go out with a bang or a whimper?

[LondonManc]

An international parallel, of sorts, for anyone interested (although heading in the opposite direction).

While D&C are used as barometers of employeedom, why not use the far more obvious differeniators? By that I mean:
Paid holidays
Paid sick leave
Paid training
No insurance costs

There are obviously others that could be used, but HMRC don't ever stop to look at the financial risks we face.

[cc111070]

Just a thought.. if because of asc u couldnt claim tax relief on t and s could you put as bik??

[cc111070]

Not asc but sdc

[cojak]

Eh?

asc/sdc?

[BrilloPad]

Not asc but sdc

Anti-Singer-Campaign? Sit-Down-Clown?

[jamesbrown]

AC/DC.

[cc111070]

Sdc ... supervision.. direction control.. bla bla lols

[Contreras]

From what I understand the main reason the proposals have been raised are down to the number of employers forcing staff to go self employed so they can then be employed through umbrellas so they can then among other things claim for travel to their cleaning jobs etc.

The "among other things" is loss of employment rights, the tax advantage for most will be minor and incidental.

[TykeMerc]

Sdc ... supervision.. direction control.. bla bla lols

Try typing without the U/Ur/lol type txtspk and then people will not only understand you better, but will not immediately jump to the conclusion that you're a juvenile moron.
Especially in the professional forums having the basic good manners to write in legible English is appreciated. Explaining the acronyms you're trying to use won't go amiss either.

The whole concern about the travel and subsistence changes possibly in the works is that the expenses will become liable for tax which (assuming I decoded your post correctly) is the point you missed totally, putting something as a bik (benefit in kind) is hardly an improvement, in fact it's exactly the problem.

[cc111070]

Yes of course a full corporation tax at 20% relief is the best, however rather then paying in lower band dividend allowance, you get some relief through BIK albeit 13.9% NI rape.. And take a chill pill man..