Summer budget 2015 Summer budget 2015
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  1. #1

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    Default Summer budget 2015

    Let's start with this.

    https://www.gov.uk/government/upload...Accessible.pdf

    On your marks, get set, ...
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  2. #2

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    7.5% on dividends now - ltd companies hit now.
    The more u work and more u earn the more u get punished. Best stay on benefits.

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    Quote Originally Posted by StrengthInNumbers View Post
    7.5% on dividends now - ltd companies hit now.
    The more u work and more u earn the more u get punished. Best stay on benefits.
    Indeed..an utterly dreadful budget for Freelancers and Ltd Cos...

    Tories lost the plot and say one thing and do the other...only consolation is my conscientious is clear I didn't vote for the shower of shysters!

  4. #4

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    Isn't corporation tax dropping though?

    Also £7.2bn to be raised from clampdown on tax avoidance and tax evasion with HMRC budget increased by £750m

  5. #5

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    Quote Originally Posted by bluemonkey71 View Post
    Isn't corporation tax dropping though?

    Also £7.2bn to be raised from clampdown on tax avoidance and tax evasion with HMRC budget increased by £750m
    And if you think that means Starbucks, Google or Vodafone, think again. It means YOU mofo !
    On Desolation Boulevard, they'd light the faded lights.....

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    Quote Originally Posted by bluemonkey71 View Post
    Isn't corporation tax dropping though?

    Also £7.2bn to be raised from clampdown on tax avoidance and tax evasion with HMRC budget increased by £750m
    lol...your George Osborne and I claim my £10 the clue is in your name...blue

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    Quote Originally Posted by TestMangler View Post
    And if you think that means Starbucks, Google or Vodafone, think again. It means YOU mofo !
    I'm sure if we gave well paid directorships to MPs, we would be aloud to perform aggressive tax avoidance like those multinationals the government is so intent on letting HMRC give sweetheart deals

  8. #8

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    Found this in the Budget Report;
    1.175
    To improve tax compliance among small businesses,
    the government will legislate
    to give HMRC the power to acquire data from online business intermediaries and
    electronic payment providers to help identify businesses that are trading but not
    declaring or paying tax
    . HMRC will consult on these proposals in July 2015
    and

    1.180
    The government recognises that many individuals choose to work through their own
    limited company. However, where people would have been employees if they were providing
    their services directly, anti

    avoidance legislation commonly known as IR35 introduced in 2000
    requires that they pay broadly the same tax and National Insurance as other employees. As
    highlighted by reports from the Office of Tax Simplification and the House of Lords, it is clear
    that IR35 is not effective enough. Non

    compliance in this area is estimated to cost over £400
    million a year.
    1.181
    The government has asked HMRC to start a dialogue with business on how to
    improve the effectiveness of existing IR35 legislation
    .
    The government wants to find a
    solution that protects the Exchequer and improves fairness in the system.
    I couldn't give two fornicators! Yes, really!

  9. #9

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    Quote Originally Posted by LandRover View Post
    lol...your George Osborne and I claim my £10 the clue is in your name...blue
    close but no cigar

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