Victory is close on IR35 - happy days

[jamesbrown]

Maybe he had a draft tweet ready to send earlier in the year and never deleted it, only to accidently pocket tweet while tipsy?

That was exactly what I thought!

[CheeseSlice]

Do you mean it won’t be reintroduced into the FB for 21/22? Seems weird and unlikely that they would make this decision now...

There is a 2nd reading of the FB today via videoconferencing. Apparently Off Payroll reforms were slipped back in with forward dating for next April so they kick in automatically. No additional reviews etc. Very underhand.

I assume what AndyC means is that this has been un-added.

[Paralytic]

Maybe he had a draft tweet ready to send earlier in the year and never deleted it, only to accidently pocket tweet while tipsy?

That was my guess too, though he's since posted and made an oblique reference to it again. It doesn't make sense as it reads though.

[jamesbrown]

There is a 2nd reading of the FB today via videoconferencing. Apparently Off Payroll reforms were slipped back in with forward dating for next April so they kick in automatically. No additional reviews etc. Very underhand.

I assume what AndyC means is that this has been un-added.

Oh, interesting. Wasn’t aware they were handling it like that. Assumed it had been exorcised until the next FB.

Probably a non-event at best. At worst, maybe a signal that they want to consider something more drastic

[CheeseSlice]

Oh, interesting. Wasn’t aware they were handling it like that. Assumed it had been exorcised until the next FB.

Probably a non-event at best. At worst, maybe a signal that they want to consider something more drastic

It's something DavidC picked up on. He's posted about it on LI. If there's one thing he's been particularly useful for, its reading through parliamentary procedure papers obsessively like they were some sort of saucy novel.

[GhostofTarbera]

AndyC live on parliament channel select committee now

BBC iPlayer- rewind time 9.38am


Sent from my iPhone using Contractor UK Forum

[Old Greg]

It will never be removed. It's been running along fine in the public sector for years. It will come to the private sector like it or not.

It will always be a mess, as long as there is an incentive to use the CT + divis route instead of salary.

Simplest solution is to treat proprietary directors as sole traders. Class 4 NICs. Income tax. Treat divis as income, subject to full Income Tax. Works fine in Ireland.

[ladymuck]

It will always be a mess, as long as there is an incentive to use the CT + divis route instead of salary.

Simplest solution is to treat proprietary directors as sole traders. Class 4 NICs. Income tax. Treat divis as income, subject to full Income Tax. Works fine in Ireland.

I think there should be a means to identify whether divis came from the business you own and run, or pure investment.

[CheeseSlice]

I think there should be a means to identify whether divis came from the business you own and run, or pure investment.

Isn't this something accountants could verify (for those that have one)?
Maybe I'm missing something but doesn't seem that difficult to me.

[ladymuck]

Isn't this something accountants could verify (for those that have one)?
Maybe I'm missing something but doesn't seem that difficult to me.

On your SATR you just put in one figure for dividends. If you say you're a director of a company, it 'should' be relatively simple to add another box to add in dividends earned from that position with the current box being used for any payout you get from retail shares.