Rank: Forum user
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Question What is IOSH doing to support HS Freelance Ltd who are now losing work and contract because of the blind focus of HMRC and The Late chancellor P Hammond. Thirty years in HS just about to go under along with other Freelance specilaist a lost to the treasure of an estimate £6 billion on the 6th April and a total revenue loss off £206 billion a year.
The end client doesnt undersatnd and the majority have made all contract roles blanket inside IR35 which is not how the system has been developed favours HMRC
So much for focus on the new compentancy system and the review of Chartered status, focus on the real issue people losing their lively hoods.
IR35
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Rank: Super forum user
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IR 35 tax rules are extremely short sighted and having a major impact on many people. The IR35 changes have certainly ruined my pension plans. The stupid thing is from what I can see the HMRC will receive lower tax payments from most freelancers/contractors. The perceived claim that freelancers/contractors pay less tax than PAYE staff is utter nonsense. We may not pay via personal taxes, but we pay via business taxes. My estimate is, if I'm forced back into PAYE roles is that I will pay circa £17000 less tax per year.
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Rank: Super forum user
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Put a different aspect on this - a few have fiddled HMRC exploiting exemptions. The blunt instrument has now been brought in to force. As usual Captain Law Abiding is now penalised for the actions of the few. Tried opening a bank account lately - particularly without snail mail bills as proof of identity and address? Rules to stop criminal money laundering succeeding in inconveniencing the innocent environmentally conscious (paperless) yet criminals still manage to secure accounts to aid push fraud.
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Rank: Super forum user
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Put a different aspect on this - a few have fiddled HMRC exploiting exemptions. The blunt instrument has now been brought in to force. As usual Captain Law Abiding is now penalised for the actions of the few. Tried opening a bank account lately - particularly without snail mail bills as proof of identity and address? Rules to stop criminal money laundering succeeding in inconveniencing the innocent environmentally conscious (paperless) yet criminals still manage to secure accounts to aid push fraud.
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Rank: Super forum user
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'Fiddled' if its legal it isn't fiddling, working/operating within existing tax law. Tax minimisation is not illegal. Tax avoidance is. There are no morals when it comes to taxation. Instead of HMRC tackling the massive tax loops holes that the large corporates use to minimise tax, they prefer to go for the easier small guy. I guess the reason why HMRC won't tackle the tax loop holes that the corporates exploit is because of the company and friends our ruling politicians keep. I mean why does 1 pretty rich man (who just happens to be PM) have his Xmas holiday paid for by another very rich man?? It would be called corruption in any other country.
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Rank: Super forum user
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You are right it was totally abhorent of Tony Blair to stay at accommodation owned by Silvio Berlusconi
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Rank: Super forum user
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You are right it was totally abhorent of Tony Blair to stay at accommodation owned by Silvio Berlusconi
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Rank: Super forum user
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Indeed, our politicians are as bad as each other, regardless of the colour of T-Shirt they wear.
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1 user thanked Ian Bell2 for this useful post.
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Rank: Forum user
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The original question was what is IOSH doing with regard to this aspect of importance to a significant number of its U.K. Members...?
I'm not sure the Institution is focused on supporting the needs of its U.K. members currently. And nothing I've read in answer to the original question would help me come to any other conclusion.
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Rank: Super forum user
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There was a white wash report issued a couple of days ago, reviewing the IR35 changes. The conclusion was - carry on. The IR35 changes are reasonable and fair. IOSH will make no difference at this late stage.
The stated aim is that those deemed inside IR35 should pay similar taxes to similar PAYE staff - which is nonsesne, I estimate I will pay considerably higher taxes than an equivalent PAYE guy. I also have legitmate living away business costs which will no longer be offset against tax.
Fair - thats one thing IR35 isn't.
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Rank: Super forum user
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If the system is meant to bring balance aren't your away from home costs the same items covered by HMRC guidance 490 Employee Expenses? Personally always been PAYE under an employer Edited by user 03 March 2020 21:50:32(UTC)
| Reason: clarity
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Rank: Super forum user
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If the system is meant to bring balance aren't your away from home costs the same items covered by HMRC guidance 490 Employee Expenses? Personally always been PAYE under an employer Edited by user 03 March 2020 21:50:32(UTC)
| Reason: clarity
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