Contracting UK not viable. Where then?

[flamel]

It's only out at consultation at the moment - it might not come in...

The dodgy useless ouanqueres at HMRC will override the "consultation" and get their way - they always do and the consultation exercise is merely for show. Therefore it WILL come in.

[NorthWestPerm2Contr]

Syria.

Talking of which - what's the dividend taxation policy of ISIS?

Apparently it's tax free once you have lost your head.

[flamel]

Just partaking in the UK national sport. Whining. Before doing nothing.

When you all arrive in Australia they will say they knew the English plane had arrived as when they turned the engines off, people could still hear the whining

[cojak]

I mean, just where do you go? I have a place in Spain but there's no market in that location really.

What are viable alternatives to contracting in the UK, now that the government have effectively killed the industry overnight? Where can you go, where your income (either contract or perm) is sufficient to give you an equal or greater standard of living?

Oh, we'll get over it, we always do.

The budget threads aren't even in the top 10 this morning...

[NotAllThere]

Aren't people overreacting a bit?

Yes. There's plenty of brolly contractors who are entirely unaffected by the dividend change.

Everything in Australia is trying to kill you.

Including the trees.

Some of the sheep are reportedly harmless.

When I started contracting, travel weren't usually claimable (Unless it was to an overseas location) - it was decided by your local tax office. But we had dividend income to avoid ERNIC (and as a consequence, EENIC). The later 90's were great because travel became claimable, and we got the dividend uplift. 2000 became a bit crap with IR35 - mainly the uncertainty, but that settled down as it became clear that it could be voluntary with a little effort.

I went contracting for the independence and uplift in income. Not so I could claim expenses and pay less tax as a percentage overall. If the net effect of this legislation is that those whose fees make it marginal over permie go into permiedom, I can't see that is a bad thing for the rest of us.