What I find oddest is that the VAT take far outstrips any minor difference in 'worker tax + Ni' yet this isn't taken into consideration. The loss to the Treasury must be huge. In my case going back to permidom is costing them £20K+ year, and I was only a middle rate contractor.
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Originally posted by NigelJK View PostWhat I find oddest is that the VAT take far outstrips any minor difference in 'worker tax + Ni' yet this isn't taken into consideration. The loss to the Treasury must be huge. In my case going back to permidom is costing them £20K+ year, and I was only a middle rate contractor.Comment
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Originally posted by ShandyDrinker View PostYes... but under the defunct business entity tests if you have over 10% bad debt per year that was seen a positive. The mind boggles!His heart is in the right place - shame we can't say the same about his brain...Comment
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Originally posted by NigelJK View PostWhat I find oddest is that the VAT take far outstrips any minor difference in 'worker tax + Ni' yet this isn't taken into consideration. The loss to the Treasury must be huge. In my case going back to permidom is costing them £20K+ year, and I was only a middle rate contractor.His heart is in the right place - shame we can't say the same about his brain...Comment
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Originally posted by jds 1981 View PostI was lead to believe that banks at least have issues with claiming vat?Down with racism. Long live miscegenation!Comment
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Originally posted by Mordac View PostUltimately only consumers actually pay VAT, so why don't we have a sales tax? EU Law says we have to have VAT, which is bureaucratic and stupid. I wonder if that's a coincidence...?
Maybe they could change it so VAT registration means exempt from having to charge or pay VAT unless interacting with a non VAT registered person or entity.
One positive I see from the bxriet* shambles is the government will need to be pro-active in encouraging actual positive change to have a chance of surviving the next couple of general elections over the next 5 years or so when the reality of birext* is clear to those feeling it in their pockets.
*Still a bannable offence to use the actual word in General?Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.Comment
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Originally posted by Hobosapien View Post*Still a bannable offence to use the actual word in General?Down with racism. Long live miscegenation!Comment
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I honestly don't know much about IR35 but does this ring true to our experts here: Why Millennial Freelancers Are Getting Hit With Huge Tax Fines - VICE“Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.”Comment
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A very anti-contractor podcast by Daily Mail
https://www.thisismoney.co.uk/money/... the same time
The idiot on there thinks it's a simple question of are you working for more than 1 client at the same timeLast edited by PTP; 3 August 2019, 14:13.Comment
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