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Scotland's 21% tax band on over £24k
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 Rudi Hedman  Caterham 14 Dec 17 2.52pm |
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Could be an epic thread.
COYP |
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| Southampton_Eagle At the after party 14 Dec 17 2.57pm |
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Originally posted by Rudi Hedman
Could be an epic thread. Give it a couple of hours and the usual sh*tfest will be in full flow.
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 Hrolf The Ganger 14 Dec 17 3.09pm |
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Originally posted by Southampton_Eagle
Give it a couple of hours and the usual sh*tfest will be in full flow. Lol. It's all the Tories fault. You couldn't make it up.
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europalace  Europe 14 Dec 17 3.17pm |
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I think there should be several tax bands in the UK as a whole, based on cost of living. The lower the cost of living, the lower the tax thresholds start. It should be a combination of address and work location.
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cryrst  The garden of England 14 Dec 17 3.36pm |
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Should be flat 27% above 10k across the board
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| europalace Europe 14 Dec 17 3.44pm |
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Originally posted by cryrst
Should be flat 27% above 10k across the board I think there should be a 30% witholding tax for the self employed deducted at source. When they fill in their tax return, they will be refunded or sent a further bill based on their income. That will stop the tax evasion by some self employed and put them on a temporary PAYE type arrangement. They'll pay the same tax due anyway, so no reason to complain about it. Edited by europalace (14 Dec 2017 3.46pm)
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| DanH SW2 14 Dec 17 3.47pm |
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Originally posted by europalace
I think there should be a 30% witholding tax for the self employed deducted at source. When they fill in their tax return, they will be refunded or sent a further bill based on their income. That will stop the tax evasion by some self employed and put them on a temporary PAYE type arrangement. They'll pay the same tax due anyway, so no reason to complain about it. Edited by europalace (14 Dec 2017 3.46pm) Cash flow is huge for the self-employed; would kill a lot.
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| cryrst The garden of England 14 Dec 17 4.06pm |
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Originally posted by europalace
I think there should be a 30% witholding tax for the self employed deducted at source. When they fill in their tax return, they will be refunded or sent a further bill based on their income. That will stop the tax evasion by some self employed and put them on a temporary PAYE type arrangement. They'll pay the same tax due anyway, so no reason to complain about it. Edited by europalace (14 Dec 2017 3.46pm) The self employed working for an 'employer' are not the ones who could get away with it so easily
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| cryrst The garden of England 14 Dec 17 4.07pm |
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Originally posted by cryrst
The self employed working for an 'employer' are not the ones who could get away with it so easily COULDNT I MEANT
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| robdave2k 14 Dec 17 4.08pm |
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Originally posted by europalace
I think there should be a 30% witholding tax for the self employed deducted at source. When they fill in their tax return, they will be refunded or sent a further bill based on their income. That will stop the tax evasion by some self employed and put them on a temporary PAYE type arrangement. They'll pay the same tax due anyway, so no reason to complain about it. Edited by europalace (14 Dec 2017 3.46pm) There speaks someone who isn't self employed. And HMRC are moving towards quarterly bills with making tax digital. However HMRC being HMRC have made a total F******* of it. Along with the messed up IR35 regulations it's a melting pot of crap. But with a 30% withholding tax herein lies the issue. I send you a bill for £20k. I've got £20k of profit and the tax that comes associated with it. However until you pay me I've got no cash. Yes they should in an ideal world put a withholding tax on it like in the construction industry, but bearing in mind the amount of s*** genuine small businesses are having to put up with then the last thing you need to do is make life harder for them. It won't hit people who evade tax (via cash in hand) as you will then be expecting householders (Joe Public) to deduct 30% and what are the odds of that getting paid over. It won't affect the big companies as they will be exempt. So what you will hit is the genuine self employed persons who are already at breaking point. Personally I'd go for flat taxation system - and that's from someone who makes his living because tax is complicated.
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| cryrst The garden of England 14 Dec 17 4.08pm |
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Originally posted by cryrst
COULDNT I MEANT Wtf am I on
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| cryrst The garden of England 14 Dec 17 4.10pm |
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Originally posted by robdave2k
There speaks someone who isn't self employed. And HMRC are moving towards quarterly bills with making tax digital. However HMRC being HMRC have made a total F******* of it. Along with the messed up IR35 regulations it's a melting pot of crap. But with a 30% withholding tax herein lies the issue. I send you a bill for £20k. I've got £20k of profit and the tax that comes associated with it. However until you pay me I've got no cash. Yes they should in an ideal world put a withholding tax on it like in the construction industry, but bearing in mind the amount of s*** genuine small businesses are having to put up with then the last thing you need to do is make life harder for them. It won't hit people who evade tax (via cash in hand) as you will then be expecting householders (Joe Public) to deduct 30% and what are the odds of that getting paid over. It won't affect the big companies as they will be exempt. So what you will hit is the genuine self employed persons who are already at breaking point. Personally I'd go for flat taxation system - and that's from someone who makes his living because tax is complicated. Said that earlier Rudi and solves many issues
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