Spring Budget 2017

jonneymendoza · 8 Mar 2017 at 14:10

Tunney said:
A lot of contractors have been taking the **** for a long time. They've only themselves to blame (although you've got to feel sorrry for those who've always followed the spirit of the law).

na its the big corporates that are taking the P as they dont even get taxed like conrtactors and pay far less tax then most!

platypus · 8 Mar 2017 at 14:14

Absolutely nothing to promote active travel, and yet more handouts for the Oil and Gas industry. Travesty.

ChrisD. · 8 Mar 2017 at 14:15

I was going to say. I pay a sickening amount of tax and I see no value in permanent employment. Let's not forget gaps between contracts, no sick pay etc.

jimjamuk · 8 Mar 2017 at 14:22

Agree - they should be going after the big corporations.

platypus · 8 Mar 2017 at 14:28

jimjamuk said:
Agree - they should be going after the big corporations.

We're already having to bribe companies to keep production here. I'm not sure going after these corporations for more tax will encourage this as our position post-EU gets even more desperate.

Glaucus · 8 Mar 2017 at 14:29

wow tories are living in fantasy land with those predictions, unless they aren't going to leave EU.

no other help to buy schemes than what was announced last time? i cant see anything so assume no.

antijoke · 8 Mar 2017 at 14:50

Vonhelmet said:
That line was on the Now Show last week on Radio 4.

So he's a thief.

:mad:

Tunney · 8 Mar 2017 at 14:53

jonneymendoza said:
na its the big corporates that are taking the P as they dont even get taxed like conrtactors and pay far less tax then most!

They're both taking the P on the whole. The sins of one group doesn't absolve the sins of others.

Armageus · 8 Mar 2017 at 14:54

Stumble Bum said:
I thought Phillip Hammond was excellent though. Quite funny too.

Corbyn now so far down a black hole that even Stephen Hawking has disowned him

dr_volki · 8 Mar 2017 at 14:57

Tunney said:
They're both taking the P on the whole. The sins of one group doesn't absolve the sins of others.

how are contractors taking the p?
would really like to know. i barely expense anything through my company, except my salary, accountant fees, insurances, etc.

alx · 8 Mar 2017 at 15:10

dr_volki said:
how are contractors taking the p?
would really like to know. i barely expense anything through my company, except my salary, accountant fees, insurances, etc.

Just because you don't doesn't mean others don't - this isn't a dig at contractors, but there's a lot you can technically expense and definitely some grey areas!

StriderX · 8 Mar 2017 at 15:12

Well y'all voted for this in the 70s, 80s, 90s, 00s, and now you still continue to blame the government... maybe it's you?

ChrisD. · 8 Mar 2017 at 15:12

Grey area?

'Wholly and exclusively for use by the company' to me is pretty black & white. Of course what people claim and what they get away with are different, but that's no different to cash in hand, permies pulling sickies etc.

stuie · 8 Mar 2017 at 15:13

5 million quid on a **** up celebrating women getting the vote? Hardly the best use of funds.

UTmaniac · 8 Mar 2017 at 15:15

Disappointed that there doesn't seem to have been anything announced to help those of us 40+, who have yet to buy our our first home and we cannot open a LifetimeISA, so we are limited to £200pcm Help To Buy ISA deposits compared to £4000 (potentially deposited as a lump sum).

Plus, IIRC, the maximum government payout is £4k for HTB and £32k for LISA.

Goksly · 8 Mar 2017 at 15:15

dr_volki said:
how are contractors taking the p?
would really like to know. i barely expense anything through my company, except my salary, accountant fees, insurances, etc.

You might not - but I've worked with many who pay themselves minimum wage and then claim back everything... wife as a PA etc etc... people take the p and the loophole gets closed. About time.

jonneymendoza · 8 Mar 2017 at 15:21

yea but everyone is like that so just because a small minority do doesnt mean everyone else is wrong

alx said:
Just because you don't doesn't mean others don't - this isn't a dig at contractors, but there's a lot you can technically expense and definitely some grey areas!

Calpol · 8 Mar 2017 at 15:38

Goksly said:
You might not - but I've worked with many who pay themselves minimum wage and then claim back everything... wife as a PA etc etc... people take the p and the loophole gets closed. About time.

I have to say that I agree with this although for some balance I think the self employed might argue the absence of sick/holiday/paternity pay and job security was being compensated for by the relatively favourable tax position. I can't deny it has irked me to think that my net at 66% of gross was vastly under what some of my contracting/self employed peers were realising on top of the various VAT reducing tricks. As ever there is a picture with a picture here as it's more likely the £150k a year IT contractors were maxing the opportunity vs the humble carpet fitters or window cleaners who can't afford an accountant and are scraping a living. Our whole tax collection system still seems archaic and perpetuating inequality. You'd think in this digital age there would be a better way.

mattyg · 8 Mar 2017 at 15:50

Just make everyone pay the same %. Obviously over a generous personal allowance.

If employee A does a large amount of overtime why should he give 40% of it to the Government.

Goksly · 8 Mar 2017 at 15:52

Calpol said:
I have to say that I agree with this although for some balance I think the self employed might argue the absence of sick/holiday/paternity pay and job security was being compensated for by the relatively favourable tax position. I can't deny it has irked me to think that my net at 66% of gross was vastly under what some of my contracting/self employed peers were realising on top of the various VAT reducing tricks. As ever there is a picture with a picture here as it's more likely the £150k a year IT contractors were maxing the opportunity vs the humble carpet fitters or window cleaners who can't afford an accountant and are scraping a living. Our whole tax collection system still seems archaic and perpetuating inequality. You'd think in this digital age there would be a better way.

They already get compensation for that... getting "paid" £50+ph and then wangling the system to pay tax on only £7.50 of that when a normal employed person might get £20ph is taking the...