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Budget 2018

Not far away, predictions? Thoughts? Rumours are hammond is gonna try with a NI on the self employed, specifically contractors who set themselves up as a ltd company. I hope he also goes after those that employ contractors as essentially staff as don't think it's fair when in some industries people wont work with you unless you have set yourself up as a limited company.

Comments

  • Some tax cuts and some sneaky tax increases.
  • whatever the outcome jc would of done a better job.
  • whatever the outcome jc would of done a better job.

    jesus has been dead for about 2000 years mate. No need to get all religious either.
    Blessed are the meek, blessed are the cheesemakers …….

    Not a bad start to a budget speech.
  • Not far away, predictions? Thoughts? Rumours are hammond is gonna try with a NI on the self employed, specifically contractors who set themselves up as a ltd company. I hope he also goes after those that employ contractors as essentially staff as don't think it's fair when in some industries people wont work with you unless you have set yourself up as a limited company.

    Contractors get hammered every year in one way or another. It'll no doubt be IR35 changes in the private sector, which is laughable given HMRC clearly don't get it themselves given the number of cases they lose on it.

    Didn't he try with NI increases for self employed last year and then quickly doubled back due to the backlash?
  • cafcpolo said:

    Not far away, predictions? Thoughts? Rumours are hammond is gonna try with a NI on the self employed, specifically contractors who set themselves up as a ltd company. I hope he also goes after those that employ contractors as essentially staff as don't think it's fair when in some industries people wont work with you unless you have set yourself up as a limited company.

    Contractors get hammered every year in one way or another. It'll no doubt be IR35 changes in the private sector, which is laughable given HMRC clearly don't get it themselves given the number of cases they lose on it.

    Didn't he try with NI increases for self employed last year and then quickly doubled back due to the backlash?
    IR35 is a joke that seems to me that no one, including HMRC have taken very seriously at all.
  • cafcpolo said:

    Not far away, predictions? Thoughts? Rumours are hammond is gonna try with a NI on the self employed, specifically contractors who set themselves up as a ltd company. I hope he also goes after those that employ contractors as essentially staff as don't think it's fair when in some industries people wont work with you unless you have set yourself up as a limited company.

    Contractors get hammered every year in one way or another. It'll no doubt be IR35 changes in the private sector, which is laughable given HMRC clearly don't get it themselves given the number of cases they lose on it.

    Didn't he try with NI increases for self employed last year and then quickly doubled back due to the backlash?
    yes he did.
  • stonemuse said:

    cafcpolo said:

    Not far away, predictions? Thoughts? Rumours are hammond is gonna try with a NI on the self employed, specifically contractors who set themselves up as a ltd company. I hope he also goes after those that employ contractors as essentially staff as don't think it's fair when in some industries people wont work with you unless you have set yourself up as a limited company.

    Contractors get hammered every year in one way or another. It'll no doubt be IR35 changes in the private sector, which is laughable given HMRC clearly don't get it themselves given the number of cases they lose on it.

    Didn't he try with NI increases for self employed last year and then quickly doubled back due to the backlash?
    yes he did.
    yup, which is why he's specifically targeted contractors now. Wage stagnation is a real problem, you can hardly blame contractors for trying to get ahead of the game if they can.
  • edited October 12

    cafcpolo said:

    Not far away, predictions? Thoughts? Rumours are hammond is gonna try with a NI on the self employed, specifically contractors who set themselves up as a ltd company. I hope he also goes after those that employ contractors as essentially staff as don't think it's fair when in some industries people wont work with you unless you have set yourself up as a limited company.

    Contractors get hammered every year in one way or another. It'll no doubt be IR35 changes in the private sector, which is laughable given HMRC clearly don't get it themselves given the number of cases they lose on it.

    Didn't he try with NI increases for self employed last year and then quickly doubled back due to the backlash?
    IR35 is a joke that seems to me that no one, including HMRC have taken very seriously at all.
    Certainly is. It's something I keep an eye on and a newsletter I'm subscribed to seems to have a new IR35 case lost by HMRC in it every week.

    Changes will make companies & agencies more liable for determining inside / outside, which if they want contractors to supply the work, they'll just ignore and say outside. If they don't, no-one will want to take the work on and if they do, it'll be at a premium.
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