we have and since then got some small payrises (1.3% this year)
Budget 2015: Osborne vs. the Economy
- Thread starter Dr Jack
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we have and since then got some small payrises (1.3% this year)
what did I miss? contractor here going through my own ltd
http://www.contractoruk.com/news/0012120summer_budget_2015_hits_psc_contractors_hard.html
May 2015, when the TURKEYS voted for Christmas
Now will it be Sage & Onion or Chestnuts?
Speaking of… I wonder where dear Charlotte is. Oh… http://www.bbc.co.uk/news/uk-wales-33451999
Are you mad or? You can't leave a child unattended. So the mother\father can only work so many hours.
You said "yes perhaps someone working part time (your 20 hours a week example) gets less tax credits now, so be it..."
A very selfish attitude. But don't worry, what goes around, comes around
Oh an where are your examples?Good work.
I think most contractors knew that they were exploiting loopholes to reduce their tax bill. They can't really complain when some of these loopholes are closed.
Yes but I don't think they expected to get touched, it's supposed to be all about them benefit scroungers innit!
That's what happens when you ask Jim to fix it for you.
right, and what does that have to do with anything?
You said "yes perhaps someone working part time (your 20 hours a week example) gets less tax credits now, so be it..."
A very selfish attitude. But don't worry, what goes around, comes around
not really, just pointing out the reality that if you make changes to tax and benefits, pretty much any changes, some people will be better off and some people will be worse off
tax credits have grown too costly, the minimum wage needs raising, these are reasonable changes IMO
cherry picking examples doesn't show anything
Are you acting thick or are you the augmentative type?
So you have nothing to back you up. Nothing new. May I ask if you have children?
You won't I spend more than a fiver per day on mellons and berries.
I'd ask you the same thing... you've dodged the same question a few times and started waffling about parents... so what?
I don't need anything to back up the statement that you've cherry picked examples - you have cherry picked examples, it is a factual statement
I also don't need to add anything to back up the fact that some people win and some people lose in a budget - your own cherry picked examples even show that
no I don't have kids, not that that is at all relevant...
The big hitter is the expenses. From looking around if a contractor takes home £50k then he'll be £1200 or so worse off, not exactly a huge amount considering. Lack of tax free expenses and more IR35 legislation is what people should be worried about.
Soldato
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I was trying not to upset anyone lol.
thanks, who voted these tory loonies in, i thought they only take away from the poor
it's not too bad tbh. corporation tax going down soon as well which is fine.
the scraping of the first £2k NIC payments for single service companies is fine too.
time to increase my rates
will be interesting to see what they do regarding IR35, considering i mainly work the government i don't think they want to take me on permanently
I have a child, I think the changes are long overdue, but then I've always been the responsible type...
You've behind the times, they're scraping the scraping of the first £2k NIC payments for single employee/director companies. The scraping of the first £2k employers NIC contributions was this year, so that's getting reversed now for contractors.
I can see a boom in demand for part time secretaries on 7th April 2016.
HMRC are definitely playing a more proactive role in finding out client/agency/contractor relationships to determine IR35 compliance and presumably also starting to look at making sure the payments between those entities are all being fully declared to the tax man. There's still a lot of those dodgy, let's be honest, pure tax evasion scams of going through offshore companies and making loan payments and all that sort of crap going on.
Very much so and I know of a few contractors who have switched to such schemes today in wake of the news. Then again, a friend used one (IoM based, not in the UK like some are now) and has a £19k APN from HMRC in front of him.
yes that's what i meant, worded it badly obviouslyYou've behind the times, they're scraping the scraping of the first £2k NIC payments for single employee/director companies. The scraping of the first £2k employers NIC contributions was this year, so that's getting reversed now for contractors.
I can see a boom in demand for part time secretaries on 7th April 2016.
HMRC are definitely playing a more proactive role in finding out client/agency/contractor relationships to determine IR35 compliance and presumably also starting to look at making sure the payments between those entities are all being fully declared to the tax man. There's still a lot of those dodgy, let's be honest, pure tax evasion scams of going through offshore companies and making loan payments and all that sort of crap going on.