What is everyone going to do assuming HMR&C and Osborne get their way?

[LucidDementia]

Only the residual after accounting for FRS.

I wasn't aiming at you, I was digging at Pondlife

[LucidDementia]

Yep - well that and why he's so obsessed with his debt target. Why it can't be a year or two later I've no idea.

So we owe more for a few years longer, why does that matter?

We're going to owe a lot, forever. This is what''s so misleading. It's a massive pile of horsetulip and he's making people poor for no earthly good reason other than to line central bank pockets with more power and property.

We're still borrowing £100 Billion a year.

[alphadog]

Multiple clients and a good day rate.

Real time moonlighting eh

[Pondlife]

So you include VAT in your turnover figure? Nice.

I wasn't aiming at you, I was digging at Pondlife

For the purposes of arguing on the internet I do. Of course.

[alphadog]

I used to do the budget for a regulatory project for a LLoyd's of London insurer in the city. We were a team of 6, our boss earned £2,700 a day, plus expenses.

If anyone wants a dogs body to join their team at Lloyd's, I am your man

[DaveB]

Real time moonlighting eh

No. Balancing the demands of a diverse client base to make the best use of available resources.

[Andy2]

I think they are following the same model as in switzerland
Over there agencies take you on their payroll and you get paid after deduction of taxes and NI
Which means permie jobs are more lucrative there than contracting.
bye bye contracting in UK

[OwlHoot]

Sorry if this has been mentioned, but I don't think this primarily about tax gains. So people scoffing at the derisory £400M tax gain are missing the point.

I think it is about the Tories caving in to their civil servants' long-time urging to herd self-employed and contractors into larger trusted "units" (for want of a better word) which can be supervised by fewer HMR&C officials.

Over 1000 HMR&C inspectors have been laid off in the last year, if I'm not mistaken. So the Government is very keen to make HMR&C more efficient by in effect devolving tax oversight to larger companies, who they may feel can be trusted more and more efficiently audited etc than a large throng of hated, tiresome, and largely untrustworthy loose cannons which is how they regard the self-employed and contractors!

If so it won't work as intended, what with contractors dipping in and out of contracts every month, working for each other in all kinds of absurdly contrived ways, and so on. If anything, it will make tax audits and inspections even more fraught and complicated

[AtW]

If they don't undo it all I will move to Canada.

Yep.

Canada is supposed to be heavy taxing country ... whole 29% of taxable income over $138,586!!!

... and they've got great tax funded services.

To be fair they've got also local tax - depends on territory where you live, so there is some choice - 10% in Alberta, overall looks like no worse than 40% here.

Only downside - far away and lots of snow. But if your lifestyle is destroyed by a "pro-business" Tory Scumverment then might as well move.

[ChimpMaster]

Go direct to the client? Would that count as being 'in business' as opposed to a 'pseudo employee' as HMRC would see it?