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The Clubhouse Bar
A Political Thread pt. 2
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<blockquote data-quote="Bada-Bing!" data-source="post: 1056202" data-attributes="member: 70552"><p>Yep, the flip side of this but they were effectively working for your company as employees. The company they set up was just a ruse to reduce their IT and NIC Liabilities And not pay PAYE and NIC. It's form over substance at the end of the day. HMRC and Govt were losing out on 20/40% IT, 12/2%IT and 13.8% E'er NIC. You can see why they are clamping down on it v allowing HGV drivers just paying. CT rate of 19% and then drawing on profits at 7.5% and 32.5% instead.</p><p></p><p>Not gonna back down over IR35 as they have introduced it across public and private sectors now and put the onus on them. So it boils down to attracting divers back from Europe apart allowing Visa exemption and pay them more, collect additional tax revenues. And vastly improving driving facilities across the country. That means costs will inevitably be passed onto the end user.</p></blockquote><p></p>
[QUOTE="Bada-Bing!, post: 1056202, member: 70552"] Yep, the flip side of this but they were effectively working for your company as employees. The company they set up was just a ruse to reduce their IT and NIC Liabilities And not pay PAYE and NIC. It’s form over substance at the end of the day. HMRC and Govt were losing out on 20/40% IT, 12/2%IT and 13.8% E’er NIC. You can see why they are clamping down on it v allowing HGV drivers just paying. CT rate of 19% and then drawing on profits at 7.5% and 32.5% instead. Not gonna back down over IR35 as they have introduced it across public and private sectors now and put the onus on them. So it boils down to attracting divers back from Europe apart allowing Visa exemption and pay them more, collect additional tax revenues. And vastly improving driving facilities across the country. That means costs will inevitably be passed onto the end user. [/QUOTE]
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A Political Thread pt. 2
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