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There be an ill wind a-comin our way

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    There be an ill wind a-comin our way

    Lib Dem energy minister on radio this a.m. saying the Dec budget announcement will tackle tax avoidance.

    I am doom-ridden

    #2
    Starbucks, Google, Amazon and Vodafone are said to be quaking in their boots
    Originally posted by MaryPoppins
    I hadn't really understood this 'pwned' expression until I read DirtyDog's post.

    Comment


      #3
      Originally posted by DirtyDog View Post
      Starbucks, Google, Amazon and Vodafone are said to be quaking in their boots
      which is why we should be as we are easier pray (and will likely just be collateral damage).
      merely at clientco for the entertainment

      Comment


        #4
        When I looked at relocating and contracting in Ireland, the CT + divs model is unattractive, simply because IIRC divs are taxable as income (subject to income tax at normal rates - can't remember the position on the NI equivalent). If the govt here was serious about destroying our model, they would do this.

        Comment


          #5
          Originally posted by zeitghost
          An ill wind?

          That'll keep all those useless windmills turning then.
          And I wouldn't fancy being stuck in a meeting with doobab, either.

          Comment


            #6
            Originally posted by Old Greg View Post
            When I looked at relocating and contracting in Ireland, the CT + divs model is unattractive, simply because IIRC divs are taxable as income (subject to income tax at normal rates - can't remember the position on the NI equivalent). If the govt here was serious about destroying our model, they would do this.
            Canada has the same system where the only benefit of paying a dividend is you don't make the contribution to the additional pension. This like your basic stamp in the UK is desirable.

            Comment


              #7
              Originally posted by Old Greg View Post
              When I looked at relocating and contracting in Ireland, the CT + divs model is unattractive, simply because IIRC divs are taxable as income (subject to income tax at normal rates - can't remember the position on the NI equivalent). If the govt here was serious about destroying our model, they would do this.
              I've heard this discussed by the likes of Hodge. However, as they have put a lot of resource into ir35 recenty i'm not sure they will do anything too blunt. However, the screw is being tightened. At some point in the future I see all PSC's being treated as being within o
              Ir35.

              Comment


                #8
                Originally posted by GB9 View Post
                I've heard this discussed by the likes of Hodge. However, as they have put a lot of resource into ir35 recenty i'm not sure they will do anything too blunt. However, the screw is being tightened. At some point in the future I see all PSC's being treated as being within o
                Ir35.
                But they'll just have to define PSCs more tightly. What is 15% of my business is selling software that I develop and the other 85% consultancy?

                Comment


                  #9
                  Originally posted by Old Greg View Post
                  When I looked at relocating and contracting in Ireland, the CT + divs model is unattractive, simply because IIRC divs are taxable as income (subject to income tax at normal rates - can't remember the position on the NI equivalent). If the govt here was serious about destroying our model, they would do this.
                  Consolidate all income into one pot and tax that. Scrap NI completely, and add that to income tax, so there's absolutely no incentive to incorporate.

                  Doesn't deal with the big corporate evaders, but it would hammer many other businesses.

                  Not a vote-winner, though - even by the scale of the pasty tax and the granny tax, Osborne wouldn't be daft enough to go that far.
                  Originally posted by MaryPoppins
                  I hadn't really understood this 'pwned' expression until I read DirtyDog's post.

                  Comment


                    #10
                    Originally posted by Old Greg View Post
                    But they'll just have to define PSCs more tightly. What is 15% of my business is selling software that I develop and the other 85% consultancy?
                    You're thinking too narrowly - make it impact all businesses, and the personal element is irrelevant. Simple.
                    Originally posted by MaryPoppins
                    I hadn't really understood this 'pwned' expression until I read DirtyDog's post.

                    Comment

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