Again, just an uneducated guess, but my bet is on that ER will also be scrapped. The govt are clearly targeting people who "dodge" tax by using limited companies, and I have no doubt the use of ER will rise significantly this year, putting it even more in the radar (I'm sure its being looked at already).
If I had large amounts of money in my ltd, I would be planning to close it and use ER before the end of this year.
In fact from my back of the packet calculations, this may end my contracting altogether - from next year, with the dividend tax, I'm better off accepting a permie offer I was given last week.
If I had large amounts of money in my ltd, I would be planning to close it and use ER before the end of this year.
In fact from my back of the packet calculations, this may end my contracting altogether - from next year, with the dividend tax, I'm better off accepting a permie offer I was given last week.
Comment