Making the news today....

[Mark J]

Let’s rejoin EU single market to ease cost of living crisis, says Tobias Ellwood

WWW.TELEGRAPH.CO.UK

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Tory MP, and Boris Johnson critic, suggests ‘radical thinking’ to fight rising inflation, including ‘daring to assess how Brexit is...

 

[trigger_andy]

Just now, Mark J said:

Let’s rejoin EU single market to ease cost of living crisis, says Tobias Ellwood

WWW.TELEGRAPH.CO.UK

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Tory MP, and Boris Johnson critic, suggests ‘radical thinking’ to fight rising inflation, including ‘daring to assess how Brexit is...

 

These remoaners will never give it up

[Treetom15]

How dare anyone suggest that brexit may have been a bad idea 🙃

[trigger_andy]

Just now, Treetom15 said:

How dare anyone suggest that brexit may have been a bad idea 🙃

Yeh, Brexits hit the US hard 🥱

[trigger_andy]

[Johnsond]

1 hour ago, Mark J said:

If your limited company can't survive post IR35 then you weren't really running a viable business in the first place; you were just a subby/'employee' who used to direct a limited company for its benefits within current tax law. I and companies I work with definitely benefitted from the breaks offered by IR35, luckily I don't keep all my eggs in one basket. 

 

Don’t be a pretentious dick Mark. I don’t operate ltd company offshore by the way and mine is surviving just fine on the stuff I do outside of UK continental shelf oil and gas etc, but many whom did and now can’t are not falling foul  of IR35 but rather a blanket ban on using ltd company contractors as it’s too much hassle or risk to the big players to run the checks who used to hire thousands of them. Who benefits from this ?? Certainly not the guy grafting, possibly Hmrc but normally some parasite agency running umbrella set ups. You totally ignored the point of my reply and the fact that high tax rates are reducing actual tax take in Scotland   
If IR 35 is so  great ( which most experts agree it’s not and has failed in its remit)  explain the link ?? and how you benefitted from it as opposed to the normal ltd company set up you have mentioned in the

Defra hit with £48million tax bill over IR35 status ‘inaccuracies’

WWW.CONTRACTORUK.COM

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Latest department to bodge the taxman’s off-payroll rules takes his public sector windfall for...

HMRC hits Home Office with £33.5m bill over ‘careless’ application ...

WWW.COMPUTERWEEKLY.COM

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The Home Office is the latest ministerial department to be hit with a multimillion-pound tax...

I can put these up all night and dozens of statements by financial experts stating IR35 is not fit for purpose. 

Edited June 1, 2022 by Johnsond

[Mark J]

15 minutes ago, Johnsond said:

Don’t be a pretentious dick Mark. I don’t operate ltd company offshore by the way and mine is surviving just fine on the stuff I do outside of UK continental shelf oil and gas etc, but many whom did and now can’t are not falling foul  of IR35 but rather a blanket ban on using ltd company contractors as it’s too much hassle or risk to the big players to run the checks who used to hire thousands of them. Who benefits from this ?? Certainly not the guy grafting, possibly Hmrc but normally some parasite agency running umbrella set ups. You totally ignored the point of my reply and the fact that high tax rates are reducing actual tax take in Scotland   
If IR 35 is so  great ( which most experts agree it’s not and has failed in its remit)  explain the link ?? and how you benefitted from it as opposed to the normal ltd company set up you have mentioned in the

Defra hit with £48million tax bill over IR35 status ‘inaccuracies’

WWW.CONTRACTORUK.COM

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Latest department to bodge the taxman’s off-payroll rules takes his public sector windfall for...

 

I'm glad you swerved the problems that Ltd companies can present.

I was more than happy to make use of the IR35 loophole while it existed. There's a real chance that the blanket ban on Ltd companies in your sector is due to the fact that the big players knew they were also playing the IR35 game and HMRC has taken their ball away. 

HMRC are the only people who are set to benefit from the changes. 

Good on the SNP, running a deficit is probably the best way to extract money from Westminster. 

Edited June 1, 2022 by Mark J

[Johnsond]

3 minutes ago, Mark J said:

I'm glad you swerved the problems that Ltd companies can present.

I was more than happy to make use of the IR35 loophole while it existed. There's a real chance that the blanket ban on Ltd companies in your sector is due to the fact that the big players knew they were also playing the IR35 game and HMRC has taken their ball away. 

HMRC are the only people who are set to benefit from the changes. 

I don't really care about Scottish tax revenue as I don't live there. 

You have previously bigged up Sturgeon and the way she runs things up here hence I put the original post up. You are wrong about the blanket ban. All IR35 has done is shafted a load of decent hard working guys who are now forced to go through agencies on reduced rates or have turned their back on the offshore game. The big players have operated legitimately for 40 plus years like this Mark. 

[Mark J]

4 minutes ago, Johnsond said:

You have previously bigged up Sturgeon and the way she runs things up here hence I put the original post up. You are wrong about the blanket ban. All IR35 has done is shafted a load of decent hard working guys who are now forced to go through agencies on reduced rates or have turned their back on the offshore game. The big players have operated legitimately for 40 plus years like this Mark. 

Aye, but there were many agencies who used to act as agents for ltd companies, who also exploited the IR35 game. 

If your business stops working for you then you have to work on a new one.

As for your 'Look at how bad the SNP are doing with tax' post, why not post something positive about how good the tories are doing instead? 

Too much negativity in the world. 

 

[Johnsond]

15 minutes ago, Mark J said:

Aye, but there were many agencies who used to act as agents for ltd companies, who also exploited the IR35 game. 

If your business stops working for you then you have to work on a new one.

As for your 'Look at how bad the SNP are doing with tax' post, why not post something positive about how good the tories are doing instead? 

Too much negativity in the world. 

 

Lol 

IR35 was devised when ??

20 plus years ago and only last couple of years they decided to implement a bullshit set of criteria that basically not even government departments can decypher 

Edited June 1, 2022 by Johnsond