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Government packages

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    #21
    Nothing for people with trading profits above 50k
    ⭐️ Gold Star Contractor

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      #22
      Anyone else catch the inference that the self-employed will pay more tax in the future? Was all over in a second but he definitely said it.
      ...my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...

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        #23
        Originally posted by PerfectStorm View Post
        Nothing for people with trading profits above 50k
        On average, presumably?

        Banking contractors are not covered but lots of IT freelancers will be inside that level.

        What's not clear is whether they consider a PSC to be self employment or not. Lots of people who are genuinely self employed, tradesmen etc, choose to work through a LTD for various reasons.

        Sent from my ONEPLUS A6003 using Tapatalk
        Originally posted by MaryPoppins
        I'd still not breastfeed a nazi
        Originally posted by vetran
        Urine is quite nourishing

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          #24
          Originally posted by PerfectStorm View Post
          Nothing for people with trading profits above 50k
          Did I mis-hear... people not covered are on £200K a year?


          m

          Comment


            #25
            Originally posted by Lockhouse View Post
            Anyone else catch the inference that the self-employed will pay more tax in the future? Was all over in a second but he definitely said it.
            We'll they already deferred the IR35 thing. Maybe we're heading for simpler "tax on what you earn" major reform

            Sent from my ONEPLUS A6003 using Tapatalk
            Originally posted by MaryPoppins
            I'd still not breastfeed a nazi
            Originally posted by vetran
            Urine is quite nourishing

            Comment


              #26
              Originally posted by PerfectStorm View Post
              Nothing for people with trading profits above 50k
              Are you a limited company?

              If so this doesn't apply to you anyway as you aren;t "self-employed" in the defintion here.

              You are a PAYE employee with dividend income - so you come under the other scheme - but of course as a director you can't furlough yourself

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                #27
                Originally posted by oilboil View Post
                Are you a limited company?

                If so this doesn't apply to you anyway as you aren;t "self-employed" in the defintion here.

                You are a PAYE employee with dividend income - so you come under the other scheme - but of course as a director you can't furlough yourself
                Are you certain this has been clarified? The terminology is used in various ways

                Sent from my ONEPLUS A6003 using Tapatalk
                Originally posted by MaryPoppins
                I'd still not breastfeed a nazi
                Originally posted by vetran
                Urine is quite nourishing

                Comment


                  #28
                  Jeez...screwed all round

                  Those earning above £50k are on average earning £200k......

                  Expect to pay more tax in the future........

                  Higher rate tax payers screwed now and even more in the future

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                    #29
                    Very strong hint of tax/NI reform coming in the future.

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                      #30
                      Clearly sowing seeds to use this as an excuse to screw the self-employed with tax-rises in the coming years...not just "PSCs" but sole traders too from the sounds of it.

                      What exactly is the "big inconsistency" between a sole trader and somebody on PAYE? Lack of employer's NIC? The ability to offset genuine expenses against tax?

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