Good.
I don't think you should be offering a comment because don't you purposely not draw down over a certain amount from investments to avoid paying back student loans?
Good.
It doesn't matter how much you pay the treasury, it's the fact you are able to reduce the amount you pay and he can't is why he has a problem with it.
I don't think you should be offering a comment because don't you purposely not draw down over a certain amount from investments to avoid paying back student loans?
amigafan2003, please report to the burns ward
MPs must be thinking "how dare these people work outside of the regular 9-5 routine, regularly earn more than their intellectual peers and get away with not paying through the nose in income tax". They should take a look in the mirror, imo
A friend of mine owns his own electrical company. He does not work (manually) just office bits and site meetings. He has 1 apprentice on the cards. The rest of the crew who permanently work for him are self employed 8 in total. They just invoice for price work and this is meant to get round it
Not sure if he will still be affected. I suspect he works for loads of companies anyway and shouldn't be classed as an employee. Also the price work thing was the golden test as to be self employed there is meant to be an element of risk. If he quotes £500 for a two day job and it takes him 4 days then that's his risk. The president blew I've always seen is contractors working for years for one company and billing them a daily charge. That's paying per hour worked and no risk. They always should be an employee imo.
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It makes the UK less competitive in delivering major engineering projects for sure.
Was interested to note that the government is running export adverts at the moment. Plenty of work for engineering expertise in Pakistan apparently.
Absolutely, if they want contractors to pay more tax then fine make them pay more tax. Don't do a moronic fudge and make everyone into employees unless they can complete work packages in less than two months
It makes the UK less competitive in delivering major engineering projects for sure.
Was interested to note that the government is running export adverts at the moment. Plenty of work for engineering expertise in Pakistan apparently.
Not really, contractors are completely billed to a project and when there's no project they're gone. The remaining staff then become an unproductive overhead when they're sat waiting for new work. If everyone is staff that burden becomes even greater. Foreign companies won't suffer the same inflexibility...Why?
Most engineering consultancy firms at least will have massive overheads irrelevant of employee salary
Absolutely, if they want contractors to pay more tax then fine make them pay more tax. Don't do a moronic fudge and make everyone into employees unless they can complete work packages in less than two months
I don't think you should be offering a comment because don't you purposely not draw down over a certain amount from investments to avoid paying back student loans?
Yeah (or I will do when the loan becomes repayable after I graduate), but I'm not a contractor so
Also you will find that contractors are normally paid out of project funds as a cost to deliver that project - that equals CAPEX
Permies are normally a part of the ongoing costs of running a company and are paid out of OPEX
CAPEX are almost one off costs that are accepted and signed off to get something delivered so you cant just say offer the same role as a permie as that costs is ongoing when a projects finishes and you can imagine the outcry if companies just fired and hired people on a whim
Not really, contractors are completely billed to a project and when there's no project they're gone. The remaining staff then become an unproductive overhead when they're sat waiting for new work. If everyone is staff that burden becomes even greater. Foreign companies won't suffer the same inflexibility...