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GeneralChanges to UK tax law to cause grief for Contractors? Pin
glennPattonWork310-Nov-15 23:59
professionalglennPattonWork310-Nov-15 23:59 
GeneralRe: Changes to UK tax law to cause grief for Contractors? Pin
Pete O'Hanlon11-Nov-15 0:15
mvePete O'Hanlon11-Nov-15 0:15 
GeneralRe: Changes to UK tax law to cause grief for Contractors? Pin
_Maxxx_11-Nov-15 0:18
professional_Maxxx_11-Nov-15 0:18 
GeneralRe: Changes to UK tax law to cause grief for Contractors? Pin
Pete O'Hanlon11-Nov-15 0:23
mvePete O'Hanlon11-Nov-15 0:23 
GeneralRe: Changes to UK tax law to cause grief for Contractors? Pin
glennPattonWork311-Nov-15 0:26
professionalglennPattonWork311-Nov-15 0:26 
GeneralRe: Changes to UK tax law to cause grief for Contractors? Pin
F-ES Sitecore11-Nov-15 0:45
professionalF-ES Sitecore11-Nov-15 0:45 
GeneralRe: Changes to UK tax law to cause grief for Contractors? Pin
_Maxxx_11-Nov-15 0:51
professional_Maxxx_11-Nov-15 0:51 
GeneralRe: Changes to UK tax law to cause grief for Contractors? Pin
F-ES Sitecore11-Nov-15 2:29
professionalF-ES Sitecore11-Nov-15 2:29 
You are still subject to income tax when you submit your tax return in addition to the corporation tax you need to pay, the two lots of NI you pay also. Contracting isn't *that* "tax efficient". No paid holiday, no sick pay, and many contractors have high costs associated with what they do (eg working away from home, a lot of travel etc) so why should they have to pay extortionate amounts of tax on that income when it doesn't touch their pockets? As a real-world example I currently pay £800 a month just to execute my current contract...ultimately my client really pays for that, I don't see that money, so why should I be taxed on it? If I was PAYE my rate would just have to go up. If contractors had to go on PAYE then the rates would just soar *shrug* and who is that going to help? The government in the short term, but in the long term it will badly affect business (and therefore government) as firms won't have access to the resources they need at rates they can afford.
GeneralRe: Changes to UK tax law to cause grief for Contractors? Pin
_Maxxx_11-Nov-15 17:34
professional_Maxxx_11-Nov-15 17:34 
GeneralRe: Changes to UK tax law to cause grief for Contractors? Pin
F-ES Sitecore11-Nov-15 22:16
professionalF-ES Sitecore11-Nov-15 22:16 
GeneralRe: Changes to UK tax law to cause grief for Contractors? Pin
glennPattonWork311-Nov-15 0:55
professionalglennPattonWork311-Nov-15 0:55 
GeneralRe: Changes to UK tax law to cause grief for Contractors? Pin
chriselst11-Nov-15 1:03
professionalchriselst11-Nov-15 1:03 
GeneralRe: Changes to UK tax law to cause grief for Contractors? Pin
glennPattonWork311-Nov-15 2:22
professionalglennPattonWork311-Nov-15 2:22 
GeneralRe: Changes to UK tax law to cause grief for Contractors? Pin
Munchies_Matt11-Nov-15 2:37
Munchies_Matt11-Nov-15 2:37 
GeneralRe: Changes to UK tax law to cause grief for Contractors? Pin
glennPattonWork311-Nov-15 2:55
professionalglennPattonWork311-Nov-15 2:55 
GeneralRe: Changes to UK tax law to cause grief for Contractors? Pin
Munchies_Matt11-Nov-15 3:01
Munchies_Matt11-Nov-15 3:01 
GeneralReasons why I <3 code Pin
Member 1168325110-Nov-15 23:13
Member 1168325110-Nov-15 23:13 
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RUs12310-Nov-15 23:23
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CPallini10-Nov-15 23:37
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Nagy Vilmos11-Nov-15 0:03
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908236511-Nov-15 1:59
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Richard Deeming11-Nov-15 2:57
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GeneralWSO FOSW - 3 Clues Pin
chriselst10-Nov-15 22:50
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OriginalGriff10-Nov-15 23:08
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