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Lib Dem Manifesto
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By (user no longer on site) OP
over a year ago
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Scrapping IR35 and ending the confusion over the Loan Charge to unleash the UK’s entrepreneurial spiritGive the Small Business Commissioner more powers to clamp down on late payment – including ‘naming and shaming’ and even fining the worst offendersWork with industry to create products that are tailored to help the self-employed put money away for retirementExtend Shared Parental Leave (SPL) to the self-employed and give them the same paternity/maternity pay rights as employeesHelp revive Britain’s struggling high streets by incentivising the creation of work hubs in empty premises.
Sold! |
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By (user no longer on site) OP
over a year ago
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"The libdem minister for child care had an absolute car crash interview on LBC when questioned on costing.
Made Diane Abbott look plausible  "
If the only thing governments did was have debates and give interviews it might mean something.
I'm more imterested in their policies than their interview skills.
This country is heading for a catastrophe in terms of losing its flexible labour force. They screwed up the NHS and now they want to roll out their screwups to the private sector. |
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By (user no longer on site)
over a year ago
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"The libdem minister for child care had an absolute car crash interview on LBC when questioned on costing.
Made Diane Abbott look plausible
If the only thing governments did was have debates and give interviews it might mean something.
I'm more imterested in their policies than their interview skills.
This country is heading for a catastrophe in terms of losing its flexible labour force. They screwed up the NHS and now they want to roll out their screwups to the private sector. "
.
Well it would be ok if it were just a bad interview, unfortunately the caller on the show, had the better of him on costings of the policy and that's pretty important don't you think?. |
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By (user no longer on site)
over a year ago
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14.5 billion over five years.
Just to put that in perspective it's spending 1.6 million pounds per day every day for 25 years.
As cilla would say, it's a lorra lorra muney |
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By (user no longer on site) OP
over a year ago
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"IR35 does have the potential to create havoc this coming April. No one seems to know how it will affect contractors trading as Ltd companies. And that's a lot of people!!! "
 |
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By (user no longer on site) OP
over a year ago
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"Having spent the past two decades targeting the low-hanging fruit and scapegoating contractors as tax avoiders, it’s about time HMRC was tasked with addressing serious, and ultimately far more gainful, instances of avoidance and evasion.” |
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By (user no longer on site)
over a year ago
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"The libdem minister for child care had an absolute car crash interview on LBC when questioned on costing.
Made Diane Abbott look plausible "
Yeah, I almost felt sorry for him, but then remembering that he was trying to pull the wool over a punters eyes soon lost any sympathy for him.
They're all - politicians - shifty wankers. |
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By (user no longer on site)
over a year ago
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"I can't identify anything that I dislike in their manifesto.
Anybody?"
.
Who doesn't like free childcare as the caller correctly stated,I get 15,000 pounds of childcare for 4000 pounds of extra CT, of course the numbers didn't work out when scrutinised |
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By (user no longer on site) OP
over a year ago
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"I can't identify anything that I dislike in their manifesto.
Anybody?"
I'm crazy about their manifesto. Such a pity that election promises grow up to become election lies. |
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By *asyukMan
over a year ago
West London |
"I can't identify anything that I dislike in their manifesto.
Anybody?
I'm crazy about their manifesto. Such a pity that election promises grow up to become election lies."
The reality is that they will not be in a position to deliver all of their pledges, just their priorities in coalition.
Like last time they will probably get screwed over, being pilloried for what they didn't deliver whilst what they did gets stolen.
Raising the lower rate of tax. Tory idea was it? Seems to be now eh? |
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By *abioMan
over a year ago
Newcastle and Gateshead |
"I can't identify anything that I dislike in their manifesto.
Anybody?.
Who doesn't like free childcare as the caller correctly stated,I get 15,000 pounds of childcare for 4000 pounds of extra CT, of course the numbers didn't work out when scrutinised "
actually not quite what the IFS said
they said the numbers do add up... the issue is they have used the governments own figures for long term growth if brexit doesn't happen, its just that long term forecasts in themselves can be unreliable.......
the lib dems will be the fiscally neutral ones.... the tories and labour are basically trying to outpledge each other in spending, borrowing and tax cuts!
|
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Very interesting article here - https://nyebevannews.co.uk/swinson-fails-to-declare-family-company-was-given-3-5m-euro-by-the-european-union/
Didn't realise just how much they voted against their own manifesto last time |
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By *asyukMan
over a year ago
West London |
"Very interesting article here - https://nyebevannews.co.uk/swinson-fails-to-declare-family-company-was-given-3-5m-euro-by-the-european-union/
Didn't realise just how much they voted against their own manifesto last time"
You do know that this is a purely partisan Labour site don't you?
There's a clue somewhere 
They coalition agreement already decided what policies were to be voted on in which way.
That's what agreements are. |
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By *abioMan
over a year ago
Newcastle and Gateshead |
"Very interesting article here - https://nyebevannews.co.uk/swinson-fails-to-declare-family-company-was-given-3-5m-euro-by-the-european-union/
Didn't realise just how much they voted against their own manifesto last time"
a) its not true... the NGO that swinson's husband works for is part of a much bigger organisation, and it is their berlin office that applied for and got the EU funding...
b) the person who started that site was interviewed and he said it wasn't quite true but wanted to put his "spin" on it to generate clicks....... |
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By (user no longer on site)
over a year ago
|
"I can't identify anything that I dislike in their manifesto.
Anybody?.
Who doesn't like free childcare as the caller correctly stated,I get 15,000 pounds of childcare for 4000 pounds of extra CT, of course the numbers didn't work out when scrutinised
actually not quite what the IFS said
they said the numbers do add up... the issue is they have used the governments own figures for long term growth if brexit doesn't happen, its just that long term forecasts in themselves can be unreliable.......
the lib dems will be the fiscally neutral ones.... the tories and labour are basically trying to outpledge each other in spending, borrowing and tax cuts!
"
.
There was a guy once a few years back that studied how correct many long term economic projections were.
He rated them as spot on, close, average, not close and way off.
It appeared after a sample study that pure guesswork was actually more accurate.
Unreliable is a word you could use but completely useless would be better. |
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By (user no longer on site) OP
over a year ago
|
"I can't identify anything that I dislike in their manifesto.
Anybody?.
Who doesn't like free childcare as the caller correctly stated,I get 15,000 pounds of childcare for 4000 pounds of extra CT, of course the numbers didn't work out when scrutinised
actually not quite what the IFS said
they said the numbers do add up... the issue is they have used the governments own figures for long term growth if brexit doesn't happen, its just that long term forecasts in themselves can be unreliable.......
the lib dems will be the fiscally neutral ones.... the tories and labour are basically trying to outpledge each other in spending, borrowing and tax cuts!
.
There was a guy once a few years back that studied how correct many long term economic projections were.
He rated them as spot on, close, average, not close and way off.
It appeared after a sample study that pure guesswork was actually more accurate.
Unreliable is a word you could use but completely useless would be better."
Damn I thought this was going to be a limerick... |
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By (user no longer on site)
over a year ago
|
""Having spent the past two decades targeting the low-hanging fruit and scapegoating contractors as tax avoiders, it’s about time HMRC was tasked with addressing serious, and ultimately far more gainful, instances of avoidance and evasion.”"
The city of London makes millions from applying various methods of accounting tricks to enable tax avoidance and having known someone from HMRC who spent seven years tracking down a multi million pound fraud and a further two years taking it through the courts only to have the perpetrator make a deal at the last minute was soul destroying for him and he left the revenue for a more worthwhile job. I have my doubts that anyone from any party can ever really rein in the endemic corruption of the city as that is its main reason for existence. No wonder the HMRC go for the smaller fish of IR35 |
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By (user no longer on site) OP
over a year ago
|
""Having spent the past two decades targeting the low-hanging fruit and scapegoating contractors as tax avoiders, it’s about time HMRC was tasked with addressing serious, and ultimately far more gainful, instances of avoidance and evasion.”
The city of London makes millions from applying various methods of accounting tricks to enable tax avoidance and having known someone from HMRC who spent seven years tracking down a multi million pound fraud and a further two years taking it through the courts only to have the perpetrator make a deal at the last minute was soul destroying for him and he left the revenue for a more worthwhile job. I have my doubts that anyone from any party can ever really rein in the endemic corruption of the city as that is its main reason for existence. No wonder the HMRC go for the smaller fish of IR35"
There is may be a more sinister aspect to IR35 in that it forces contractors into permanent positions. Once you are in a permanent position your negotiating power for a fair wage is severely diminished. People who change jobs every few months get labelled as job hoppers and eventually can't get work. Contractors are almost expected to job hop.
So when you connect the dots, the people who pay lower wages are big business, big business controls our government, and it is our government who insists on ramming through IR35 into the private sector despite all the damage it will do.
It may have less to do with collecting taxes and more to do with undermining supply and demand as applied to contractors. |
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By (user no longer on site) OP
over a year ago
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Look at it this way if HMRC went after the same big businesses that are backing the Tory government I think the whole lot of them would be found dead in a ditch. It would be biting the hand that feeds them. |
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By *asyukMan
over a year ago
West London |
""Having spent the past two decades targeting the low-hanging fruit and scapegoating contractors as tax avoiders, it’s about time HMRC was tasked with addressing serious, and ultimately far more gainful, instances of avoidance and evasion.”
The city of London makes millions from applying various methods of accounting tricks to enable tax avoidance and having known someone from HMRC who spent seven years tracking down a multi million pound fraud and a further two years taking it through the courts only to have the perpetrator make a deal at the last minute was soul destroying for him and he left the revenue for a more worthwhile job. I have my doubts that anyone from any party can ever really rein in the endemic corruption of the city as that is its main reason for existence. No wonder the HMRC go for the smaller fish of IR35
There is may be a more sinister aspect to IR35 in that it forces contractors into permanent positions. Once you are in a permanent position your negotiating power for a fair wage is severely diminished. People who change jobs every few months get labelled as job hoppers and eventually can't get work. Contractors are almost expected to job hop.
So when you connect the dots, the people who pay lower wages are big business, big business controls our government, and it is our government who insists on ramming through IR35 into the private sector despite all the damage it will do.
It may have less to do with collecting taxes and more to do with undermining supply and demand as applied to contractors. "
I don't think that's it. It's almost always incompetence rather than conspiracy.
There was an understanding that there was a benefit in having a flexible labour market.
You made more money with a reduced tax burden on the understanding that you got binned as soon as times got tough for your employer with next to no notice and no compensation.
That's fine.
Somehow this concept has gone and we are heading to the one year contract when you are treated as an employee.
Flexibility biased in favour of the employer and the HMRC maximising tax intake.
The equivalent (obviously not as bad) of zero hours contracts for the low paid.
Who does this benefit and who do they fund politically? |
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By (user no longer on site) OP
over a year ago
|
""Having spent the past two decades targeting the low-hanging fruit and scapegoating contractors as tax avoiders, it’s about time HMRC was tasked with addressing serious, and ultimately far more gainful, instances of avoidance and evasion.”
The city of London makes millions from applying various methods of accounting tricks to enable tax avoidance and having known someone from HMRC who spent seven years tracking down a multi million pound fraud and a further two years taking it through the courts only to have the perpetrator make a deal at the last minute was soul destroying for him and he left the revenue for a more worthwhile job. I have my doubts that anyone from any party can ever really rein in the endemic corruption of the city as that is its main reason for existence. No wonder the HMRC go for the smaller fish of IR35
There is may be a more sinister aspect to IR35 in that it forces contractors into permanent positions. Once you are in a permanent position your negotiating power for a fair wage is severely diminished. People who change jobs every few months get labelled as job hoppers and eventually can't get work. Contractors are almost expected to job hop.
So when you connect the dots, the people who pay lower wages are big business, big business controls our government, and it is our government who insists on ramming through IR35 into the private sector despite all the damage it will do.
It may have less to do with collecting taxes and more to do with undermining supply and demand as applied to contractors.
I don't think that's it. It's almost always incompetence rather than conspiracy.
There was an understanding that there was a benefit in having a flexible labour market.
You made more money with a reduced tax burden on the understanding that you got binned as soon as times got tough for your employer with next to no notice and no compensation.
That's fine.
Somehow this concept has gone and we are heading to the one year contract when you are treated as an employee.
Flexibility biased in favour of the employer and the HMRC maximising tax intake.
The equivalent (obviously not as bad) of zero hours contracts for the low paid.
Who does this benefit and who do they fund politically?"
I was permanently employed at a company who employed a wage freeze on their employees for two years. All the contractors however got increases because they would be gone if they didn't. As employees we all had mortgages, kids in school etc. The contractors mainly commuted in from wherever they lived and weren't tied to the area. So supply and demand determined their wage.
I decided to contract instead. My hourly rate immediately quadrupled. I sold my house and have no fixed accommodation. Some of my contracts this year have been as short as two weeks. At the moment I don't even have a contract. There have been some months that I made as much money in three weeks as I used to make in a year as a permanent employee.
It's not the flexibly they are trying to stop. It's contractors being in a position to negotiate their fees rather than permanent employees with their hands tied behind their backs.
I quite often get agencies contact me for IT contracts @£750 per day. And sometimes IT perm positions at £45000 pa. Multiply this difference by the number of IT contractors and you see what this flexible workforce is costing big business. |
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Zero-talent Worcester woman-child Swinson wants to "represent" the people of one of the most spread-out constituencies in Scotland from the south of England, while leading the unprincipled chances who are the libdems - not very liberal and assuredly not democrats.
She is a total disgrace - every bit as reprehensible and opportunistic as serial liar and total scumbag Boris the johnson. When in government with the tories, Thatcher-admiring Swinson voted for the most destructive of the cons' (anti) social policies. Why vote for the yellow tories when you can vote tory and get the real deal in degenerates.
Outside Scotland, this is an election choice of the least-worst options.
BTW, have the libdem office holders / money launderers yet paid back to the victims of party donor and convicted fraudster Michael Brown the £2m+ which they happily accepted, despite being warned about the provenance of the stolen dosh? Thought not. Bunch of criminals |
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By (user no longer on site) OP
over a year ago
|
" Zero-talent Worcester woman-child Swinson wants to "represent" the people of one of the most spread-out constituencies in Scotland from the south of England, while leading the unprincipled chances who are the libdems - not very liberal and assuredly not democrats.
She is a total disgrace - every bit as reprehensible and opportunistic as serial liar and total scumbag Boris the johnson. When in government with the tories, Thatcher-admiring Swinson voted for the most destructive of the cons' (anti) social policies. Why vote for the yellow tories when you can vote tory and get the real deal in degenerates.
Outside Scotland, this is an election choice of the least-worst options.
BTW, have the libdem office holders / money launderers yet paid back to the victims of party donor and convicted fraudster Michael Brown the £2m+ which they happily accepted, despite being warned about the provenance of the stolen dosh? Thought not. Bunch of criminals"
I take it you're not going to vote for her then? |
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By (user no longer on site)
over a year ago
|
"I can't identify anything that I dislike in their manifesto.
Anybody?.
Who doesn't like free childcare as the caller correctly stated,I get 15,000 pounds of childcare for 4000 pounds of extra CT, of course the numbers didn't work out when scrutinised
actually not quite what the IFS said
they said the numbers do add up... the issue is they have used the governments own figures for long term growth if brexit doesn't happen, its just that long term forecasts in themselves can be unreliable.......
the lib dems will be the fiscally neutral ones.... the tories and labour are basically trying to outpledge each other in spending, borrowing and tax cuts!
.
There was a guy once a few years back that studied how correct many long term economic projections were.
He rated them as spot on, close, average, not close and way off.
It appeared after a sample study that pure guesswork was actually more accurate.
Unreliable is a word you could use but completely useless would be better.
Damn I thought this was going to be a limerick..."
.
That's not a Limerick...
This is a Limerick.
There once was a fellow McSweeny
Who spilled some gin on his weenie
Just to be couth
He added vermouth
Then slipped his girlfriend a martini
|
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By (user no longer on site) OP
over a year ago
|
"I can't identify anything that I dislike in their manifesto.
Anybody?.
Who doesn't like free childcare as the caller correctly stated,I get 15,000 pounds of childcare for 4000 pounds of extra CT, of course the numbers didn't work out when scrutinised
actually not quite what the IFS said
they said the numbers do add up... the issue is they have used the governments own figures for long term growth if brexit doesn't happen, its just that long term forecasts in themselves can be unreliable.......
the lib dems will be the fiscally neutral ones.... the tories and labour are basically trying to outpledge each other in spending, borrowing and tax cuts!
.
There was a guy once a few years back that studied how correct many long term economic projections were.
He rated them as spot on, close, average, not close and way off.
It appeared after a sample study that pure guesswork was actually more accurate.
Unreliable is a word you could use but completely useless would be better.
Damn I thought this was going to be a limerick....
That's not a Limerick...
This is a Limerick.
There once was a fellow McSweeny
Who spilled some gin on his weenie
Just to be couth
He added vermouth
Then slipped his girlfriend a martini
"
Love it! Good man |
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By (user no longer on site)
over a year ago
|
"I can't identify anything that I dislike in their manifesto.
Anybody?.
Who doesn't like free childcare as the caller correctly stated,I get 15,000 pounds of childcare for 4000 pounds of extra CT, of course the numbers didn't work out when scrutinised
actually not quite what the IFS said
they said the numbers do add up... the issue is they have used the governments own figures for long term growth if brexit doesn't happen, its just that long term forecasts in themselves can be unreliable.......
the lib dems will be the fiscally neutral ones.... the tories and labour are basically trying to outpledge each other in spending, borrowing and tax cuts!
.
There was a guy once a few years back that studied how correct many long term economic projections were.
He rated them as spot on, close, average, not close and way off.
It appeared after a sample study that pure guesswork was actually more accurate.
Unreliable is a word you could use but completely useless would be better.
Damn I thought this was going to be a limerick....
That's not a Limerick...
This is a Limerick.
There once was a fellow McSweeny
Who spilled some gin on his weenie
Just to be couth
He added vermouth
Then slipped his girlfriend a martini
Love it! Good man "
.
See were not enemies, we just have a difference of opinion on politics.
To be honest we're 68 million individuals, what's the chance we're all going to agree on anything let alone politics |
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By *andS66Couple
over a year ago
Derby |
"Scrapping IR35 and ending the confusion over the Loan Charge to unleash the UK’s entrepreneurial spiritGive the Small Business Commissioner more powers to clamp down on late payment – including ‘naming and shaming’ and even fining the worst offendersWork with industry to create products that are tailored to help the self-employed put money away for retirementExtend Shared Parental Leave (SPL) to the self-employed and give them the same paternity/maternity pay rights as employeesHelp revive Britain’s struggling high streets by incentivising the creation of work hubs in empty premises.
Sold!"
They are not planning on scrapping IR35, they will be 'reviewing' it. This review could have several outcomes:
They could scrap IR35 altogether
They could scrap the reforms
They could leave the reforms as they are
They could reform it in some other way
They could make it more punitive
SPL for self-employed means nothing. If you're self-employed, what would taking a few months off do to your customer base, do you think? |
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By (user no longer on site) OP
over a year ago
|
"Scrapping IR35 and ending the confusion over the Loan Charge to unleash the UK’s entrepreneurial spiritGive the Small Business Commissioner more powers to clamp down on late payment – including ‘naming and shaming’ and even fining the worst offendersWork with industry to create products that are tailored to help the self-employed put money away for retirementExtend Shared Parental Leave (SPL) to the self-employed and give them the same paternity/maternity pay rights as employeesHelp revive Britain’s struggling high streets by incentivising the creation of work hubs in empty premises.
Sold!
They are not planning on scrapping IR35, they will be 'reviewing' it. This review could have several outcomes:
They could scrap IR35 altogether
They could scrap the reforms
They could leave the reforms as they are
They could reform it in some other way
They could make it more punitive
SPL for self-employed means nothing. If you're self-employed, what would taking a few months off do to your customer base, do you think?"
The fact that they even acknowledge that IR35 is a crock of shit is something I'm not hearing from anyone else.
What do we have now? HMRC wants one person businesses to pay the same tax as a permanent employee but with no leave, sick leave, paternity leave. Why would anyone want to contract under those conditions? They might as well just ban contractors.
The fact that NHS the banking sector et al have just simply got rid of all their contractors tells you that the current process is flawed.
A flexible workforce is an essential part of a competitive economy but our current government has thrown the baby out with the bathwater to supposedly catch tax cheats. I don't see labour saying anything other than they will also go after "tax cheats".
They are also looking at forcing companies to pay their contractors. |
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By (user no longer on site) OP
over a year ago
|
"Scrapping IR35 and ending the confusion over the Loan Charge to unleash the UK’s entrepreneurial spiritGive the Small Business Commissioner more powers to clamp down on late payment – including ‘naming and shaming’ and even fining the worst offendersWork with industry to create products that are tailored to help the self-employed put money away for retirementExtend Shared Parental Leave (SPL) to the self-employed and give them the same paternity/maternity pay rights as employeesHelp revive Britain’s struggling high streets by incentivising the creation of work hubs in empty premises.
Sold!
They are not planning on scrapping IR35, they will be 'reviewing' it. This review could have several outcomes:
They could scrap IR35 altogether
They could scrap the reforms
They could leave the reforms as they are
They could reform it in some other way
They could make it more punitive
SPL for self-employed means nothing. If you're self-employed, what would taking a few months off do to your customer base, do you think?"
PS this was a quote from a news article. Scrapping wasn't my word it was theirs. |
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By *andS66Couple
over a year ago
Derby |
"Scrapping IR35 and ending the confusion over the Loan Charge to unleash the UK’s entrepreneurial spiritGive the Small Business Commissioner more powers to clamp down on late payment – including ‘naming and shaming’ and even fining the worst offendersWork with industry to create products that are tailored to help the self-employed put money away for retirementExtend Shared Parental Leave (SPL) to the self-employed and give them the same paternity/maternity pay rights as employeesHelp revive Britain’s struggling high streets by incentivising the creation of work hubs in empty premises.
Sold!
They are not planning on scrapping IR35, they will be 'reviewing' it. This review could have several outcomes:
They could scrap IR35 altogether
They could scrap the reforms
They could leave the reforms as they are
They could reform it in some other way
They could make it more punitive
SPL for self-employed means nothing. If you're self-employed, what would taking a few months off do to your customer base, do you think?
PS this was a quote from a news article. Scrapping wasn't my word it was theirs."
IR35 is an ill thought out piece of tax legislation - introduced in April 2000 under a Labour government.
P.S. even though "scrapping it" was not your word but someone else's, your word at the end of it was "sold".... So must obviously believe that the LibDems are going to "scrap it". |
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By (user no longer on site) OP
over a year ago
|
"Scrapping IR35 and ending the confusion over the Loan Charge to unleash the UK’s entrepreneurial spiritGive the Small Business Commissioner more powers to clamp down on late payment – including ‘naming and shaming’ and even fining the worst offendersWork with industry to create products that are tailored to help the self-employed put money away for retirementExtend Shared Parental Leave (SPL) to the self-employed and give them the same paternity/maternity pay rights as employeesHelp revive Britain’s struggling high streets by incentivising the creation of work hubs in empty premises.
Sold!
They are not planning on scrapping IR35, they will be 'reviewing' it. This review could have several outcomes:
They could scrap IR35 altogether
They could scrap the reforms
They could leave the reforms as they are
They could reform it in some other way
They could make it more punitive
SPL for self-employed means nothing. If you're self-employed, what would taking a few months off do to your customer base, do you think?
PS this was a quote from a news article. Scrapping wasn't my word it was theirs.
IR35 is an ill thought out piece of tax legislation - introduced in April 2000 under a Labour government.
P.S. even though "scrapping it" was not your word but someone else's, your word at the end of it was "sold".... So must obviously believe that the LibDems are going to "scrap it"."
I'm sold on the idea of them revisiting the concept. IR35 has justification im that there are people who left their jobs as employees and were back the next day as contractors claiming expenses.
But even the courts are saying that the CEST tool is biased towards inside IR35. And the CEST tool is relatively new.
Actually the whole article was crap. The one I originally read summarised all the points nicely but then I couldn't find it again. All the other articles I found were pages long. I didn't expect to be nitpicked on someone else's words.
I don't understand Boris Johnson's triple tax freeze. Where is Corporation Tax in all of this? We were promised a reduction in corporation tax. Now that's off the cards. So how do believe anything he says when he changes his mind more often than the wind changes direction? |
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By (user no longer on site) OP
over a year ago
|
Right now Conservatives may as well ban contracting.
Labour hasn't said anything about IR35 but their 2017 manifesto says the default position of a person working for a company is employee unless the company proves otherwise.
The only people who identify IR35 as a problem are lib dem.
I am a contractor and always will be. If I can't operate as a contractor I will move my company offshore and work overseas. The HMRC will make £0 out of me instead of twice the average national income in taxes. How does that bring in more revenue? On top of that the work that I do brings in a fortune for local businesses with overseas customers. Who will do that work when HMRC has chased away skills that are already in short supply? And it's not just me but a lot of contractors who have citizenship eligibility outside of the UK. |
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By (user no longer on site) OP
over a year ago
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Ok so now I've seen a conflicting news article that says conservatives plan to continue reducing Corporation Tax to 17% by 2020.
So now it all depends which news you read.
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"Right now Conservatives may as well ban contracting.
Labour hasn't said anything about IR35 but their 2017 manifesto says the default position of a person working for a company is employee unless the company proves otherwise.
The only people who identify IR35 as a problem are lib dem.
I am a contractor and always will be. If I can't operate as a contractor I will move my company offshore and work overseas. The HMRC will make £0 out of me instead of twice the average national income in taxes. How does that bring in more revenue? On top of that the work that I do brings in a fortune for local businesses with overseas customers. Who will do that work when HMRC has chased away skills that are already in short supply? And it's not just me but a lot of contractors who have citizenship eligibility outside of the UK. "
Unfortunately for many, like myself, we don't. I've decided to give up on the contracting for now as the whole future environment is so unknown whether the Conservatives get a majority or not. Neither of the two main parties seem to be the party for small businesses any longer. Both are putting forward policies that will damage the economy and both seem to be targeting small businesses, independent contractors and sole traders in particular.
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"Scrapping IR35 and ending the confusion over the Loan Charge to unleash the UK’s entrepreneurial spiritGive the Small Business Commissioner more powers to clamp down on late payment – including ‘naming and shaming’ and even fining the worst offendersWork with industry to create products that are tailored to help the self-employed put money away for retirementExtend Shared Parental Leave (SPL) to the self-employed and give them the same paternity/maternity pay rights as employeesHelp revive Britain’s struggling high streets by incentivising the creation of work hubs in empty premises.
Sold!
They are not planning on scrapping IR35, they will be 'reviewing' it. This review could have several outcomes:
They could scrap IR35 altogether
They could scrap the reforms
They could leave the reforms as they are
They could reform it in some other way
They could make it more punitive
SPL for self-employed means nothing. If you're self-employed, what would taking a few months off do to your customer base, do you think?
The fact that they even acknowledge that IR35 is a crock of shit is something I'm not hearing from anyone else.
What do we have now? HMRC wants one person businesses to pay the same tax as a permanent employee but with no leave, sick leave, paternity leave. Why would anyone want to contract under those conditions? They might as well just ban contractors.
The fact that NHS the banking sector et al have just simply got rid of all their contractors tells you that the current process is flawed.
A flexible workforce is an essential part of a competitive economy but our current government has thrown the baby out with the bathwater to supposedly catch tax cheats. I don't see labour saying anything other than they will also go after "tax cheats".
They are also looking at forcing companies to pay their contractors."
It has the potential to really fuck up many industries. Those people who contract also won't be looking forward to labour's 4 day well plan... |
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"I can't identify anything that I dislike in their manifesto.
Anybody?.
Who doesn't like free childcare as the caller correctly stated,I get 15,000 pounds of childcare for 4000 pounds of extra CT, of course the numbers didn't work out when scrutinised "
Here's the thing
The lib dems numbers were wrong slightly and optimistic
They would need to borrow lots
However
Both lab and Tory are aherm promising larger spends inc headline tax reduction
So of the three lib dem is the most transparent |
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By (user no longer on site) OP
over a year ago
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"Scrapping IR35 and ending the confusion over the Loan Charge to unleash the UK’s entrepreneurial spiritGive the Small Business Commissioner more powers to clamp down on late payment – including ‘naming and shaming’ and even fining the worst offendersWork with industry to create products that are tailored to help the self-employed put money away for retirementExtend Shared Parental Leave (SPL) to the self-employed and give them the same paternity/maternity pay rights as employeesHelp revive Britain’s struggling high streets by incentivising the creation of work hubs in empty premises.
Sold!
They are not planning on scrapping IR35, they will be 'reviewing' it. This review could have several outcomes:
They could scrap IR35 altogether
They could scrap the reforms
They could leave the reforms as they are
They could reform it in some other way
They could make it more punitive
SPL for self-employed means nothing. If you're self-employed, what would taking a few months off do to your customer base, do you think?
The fact that they even acknowledge that IR35 is a crock of shit is something I'm not hearing from anyone else.
What do we have now? HMRC wants one person businesses to pay the same tax as a permanent employee but with no leave, sick leave, paternity leave. Why would anyone want to contract under those conditions? They might as well just ban contractors.
The fact that NHS the banking sector et al have just simply got rid of all their contractors tells you that the current process is flawed.
A flexible workforce is an essential part of a competitive economy but our current government has thrown the baby out with the bathwater to supposedly catch tax cheats. I don't see labour saying anything other than they will also go after "tax cheats".
They are also looking at forcing companies to pay their contractors.
It has the potential to really fuck up many industries. Those people who contract also won't be looking forward to labour's 4 day well plan... "
We currently have laws governing our working hours that we 'opt out' of. I just finished a stint where I worked 12 hours a day 7 days a week for over 100 days, Weekends Bank holidays, the lot. I'm selling a product not my time so I make a lot of money by not resting.
In fact I am the ultimate ouside IR35er ever. I get asked to make something work and get paid when it does.
It makes sense. Why should a contractor get paid more for working slowly? |
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"So at last a word from labour on IR35.
No they wouldn't roll out IR35 into the private sector and yes it needs to be revised.
Yay!"
Good news for thousands of limited companies! Hopefully they won't increase corporation tax... |
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By (user no longer on site) OP
over a year ago
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"So at last a word from labour on IR35.
No they wouldn't roll out IR35 into the private sector and yes it needs to be revised.
Yay!
Good news for thousands of limited companies! Hopefully they won't increase corporation tax... "
To be fair I wouldn't mind paying more tax if it went to the right places. |
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