|
|
|
|
|
|
by andy_ppp
1369 days ago
|
|
|
Basically it works out £6000-12000 cheaper to employ a contractor for a business which results in higher rates (some of that money ends up in the pockets of contractors). The actual IR35 changes (that are repealed) meant the contractor pays that £6-12k which makes “inside” contracts ~12% less valuable. I think despite the small reduction in tax the idea I’m paying both employers and employees NI is quite frankly taking the piss and I refuse to do it. Personally I think all tax breaks businesses get should be available to individuals; corporations have long campaigned for the rights of the individual like liable and so on with a fraction of the tax burden, surely it should be available the other way around. Particularly when it comes to paying any tax if you haven’t earned enough to feed and house yourself. |
|
|
Looking at it another way: companies pay tax on profits, we pay it on revenue.