• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Government packages

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    #11
    Originally posted by TestMangler View Post
    Anyone got their free £10 k yet ???
    Not yet but as as director of a business occupying property separate from my private home and qualifying for SBRR, I'm hopeful :-)


    Came here to say something else though -

    The deferral of self-assessment payments on account normally due by 31st July looks to me to be restricted to self-employed in the old 'schedule d' sense - I don't think it applies to all people due to make such payments. I know it's a minor concession at best - but I'd counsel people here not to rely upon it. However you may still wish, if your company's trading outlook suggests you might be giving lower dividends to your shareholders, to apply to reduce those payments on account. Worth getting professional advice on IMHO.
    Last edited by matzie; 25 March 2020, 14:08.

    Comment


      #12
      Summary from Nixon Williams Business Support Available to Personal Service Companies - Nixon Williams
      ⭐️ Gold Star Contractor

      Comment


        #13
        what about self employed with ltd company who take dividends, whats the plan for them?

        Comment


          #14
          Originally posted by mlc2009 View Post
          what about self employed with ltd company who take dividends, whats the plan for them?
          A sole trading limited company owning dividend payer?

          Let me check my notes...

          Comment


            #15
            Originally posted by mlc2009 View Post
            what about self employed with ltd company who take dividends, whats the plan for them?
            Absolutely nothing - tbc later today, you should look to your shareholders for a bail out


            Sent from my iPhone using Contractor UK Forum

            Comment


              #16
              Something on sky news suggesting self employed support will exclude those who also receive PAYE or earn more than £50k. I don't think any of us here should expect much help. I think we should do whatever needs to be done to provide for those we love and keep our businesses afloat. Good luck everyone.

              Comment


                #17
                Originally posted by matzie View Post
                Something on sky news suggesting self employed support will exclude those who also receive PAYE or earn more than £50k. I don't think any of us here should expect much help. I think we should do whatever needs to be done to provide for those we love and keep our businesses afloat. Good luck everyone.
                So will they be covering dividend income as well as salary? "No, salary only"

                OK, cover that "no, you earn over 50k"

                ⭐️ Gold Star Contractor

                Comment


                  #18
                  Seems ironic that a bunch of people who've spent years discussing minimising any payments to the country's common interests by claiming their bike/dog/filing cabinet/HDTV/Mac Book/Porsche/Christmas party/Lunch/spare bedroom were business expenses, maximising the use of salary and divvy combinations for their spouse and generally boasting about their income, should now be crying about the lack of financial support from the government.
                  When freedom comes along, don't PISH in the water supply.....

                  Comment


                    #19
                    Originally posted by TestMangler View Post
                    Seems ironic that a bunch of people who've spent years discussing minimising any payments to the country's common interests by claiming their bike/dog/filing cabinet/HDTV/Mac Book/Porsche/Christmas party/Lunch/spare bedroom were business expenses, maximising the use of salary and divvy combinations for their spouse and generally boasting about their income, should now be crying about the lack of financial support from the government.
                    Whilst there has been a bit of tinkering with the margins - people here will have shelled out many times more on corporation tax, income tax, brought VAT to the treasury.. etc

                    I've probably paid more than Amazon this year
                    ⭐️ Gold Star Contractor

                    Comment


                      #20
                      Originally posted by PerfectStorm View Post
                      Whilst there has been a bit of tinkering with the margins - people here will have shelled out many times more on corporation tax, income tax, brought VAT to the treasury.. etc

                      I've probably paid more than Amazon this year
                      Once again - VAT is revenue neutral for HMRC in our situation (as B2B sellers)..
                      merely at clientco for the entertainment

                      Comment

                      Working...
                      X