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Nightmare becomes reality

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    Nightmare becomes reality

    And so it starts !!

    http://www.itcontractor.com/contract...ty-armageddon/
    STRENGTH - "A river cuts through rock not because of its power, but its persistence"

    #2
    Bit overkill that isn't it.
    'CUK forum personality of 2011 - Winner - Yes really!!!!

    Comment


      #3
      It's Gerry. Best ignored.
      Blog? What blog...?

      Comment


        #4
        Wouldn't put it past them though.
        STRENGTH - "A river cuts through rock not because of its power, but its persistence"

        Comment


          #5
          keep seeing mention of contractors having to close down their limited due to these changes. Is that really feasible - close them down and just walk away, possibly owing tax, etc?

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            #6
            So a hyperbolic article predicting the demise of the Ltd. Co. contractor followed by an advert for a couple of no doubt related Umbrella companies.

            Hmm...

            A slightly less hysterical take on it here.

            https://www.contractoruk.com/news/00...mpaign=Comment
            Last edited by DaveB; 7 March 2018, 11:27. Reason: Alternative view
            "Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.

            Comment


              #7
              Originally posted by oliverson View Post
              keep seeing mention of contractors having to close down their limited due to these changes. Is that really feasible - close them down and just walk away, possibly owing tax, etc?
              No, because it's a personal tax.
              Down with racism. Long live miscegenation!

              Comment


                #8
                Erm. I've not heard anything regarding retrospective investigations beyond anecdotal panicking.

                Sure HMRC may look at your current status and say - you're a disguised employee you're liable for extra tax on your current contract, but I've seen nothing to suggest that they will use that as a tool to go back and look at previous contracts?
                And the lord said unto John; "come forth and receive eternal life." But John came fifth and won a toaster.

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                  #9
                  It may not be true but it could be and that's the point. Really looking forward to the fun beginning for the rest of us!

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                    #10
                    Monkeys might fly out of my butt, but I bet they don't. Unless there's any supporting evidence (and I'm yet to see any), screaming about retrospective taxation is just FUD at this stage.
                    And the lord said unto John; "come forth and receive eternal life." But John came fifth and won a toaster.

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