Leave or Remain?

hop

hop

Well-Known Forumite
tek-monkey said:
All I ask is a level playing field, its currently obscured by starbucks et al. Honest UK businesses get tarred by their brush, I guess everyone should be allowed to pay a rights fee to a caymen islands firm to reduce their liabilities. PAYE stops it for most though.
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What's a level playing field ? Should someone who is willing to risk their own money to establish a business not be entitled to extra reward ?
 
tek-monkey

tek-monkey

wanna see my snake?
hop said:
What's a level playing field ? Should someone who is willing to risk their own money to establish a business not be entitled to extra reward ?
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I mean use the same tax avoidance rules, its up to the government to set what the tax levels are but if they are unfair then everyone should be allowed to avoid them not just companies. Corporation tax is only 20% anyway isn't it? And dividends were your way of paying yourself, but I believe the gov increased the tax on dividends lately?
 
hop

hop

Well-Known Forumite
hop said:
A large tax grab was made by Osborne in his 2015 Mini budget.

- Changes to dividend taxes resulting in many business owners being worse off. Despite risking their own capital they will have to pay a similar tax rate as an employed person who takes no risks.
- Changes to capital relief allowances when winding up a business - removing a great deal of incentive for a business person to even bother risking their own capital.
- Changes to tax allowances on the wear and tear of rented properties
- A further 3% stamp duty on the purchase of second homes / rentals.


The media likes to portray business people as tax evaders. They fail to understand that in running a business you are risking your own capital and in doing so would expect a greater rewards than an employed person.

If a government chooses to try and punish business owners they will end up with less tax renvenue as the owners seek to move entities to locations with a more pro business outlook.
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Yet more taxation against SMEs in the autumn statement yesterday. Changes to the flat rate VAT scheme will result in several hundred thousand business being worse off by up to 5k a year.

For any business owners who haven't already incorporated in Estonia or a business friendly EU location with a much lower tax over regime then I suggest you do so now.
 
Gramaisc

Gramaisc

Forum O. G.
hop said:
Yet more taxation against SMEs in the autumn statement yesterday. Changes to the flat rate VAT scheme will result in several hundred thousand business being worse off by up to 5k a year.

For any business owners who haven't already incorporated in Estonia or a business friendly EU location with a much lower tax over regime then I suggest you do so now.
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Your only real vote is the pound in your pocket.
 
basil

basil

don't mention the blinds
Tonight's Express & Star had an interesting editorial, I read it as a Daily Express opinion rant.....
 
Withnail

Withnail

Well-Known Forumite
hop said:
Yet more taxation against SMEs in the autumn statement yesterday. Changes to the flat rate VAT scheme will result in several hundred thousand business being worse off by up to 5k a year.
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I was 'virtually' chatting to a chap the other day, even before the Statement, who outright said he would otherwise have taken on an extra employee, offering them c. £30k p.a. were it not for the uncertainty ahead. Instead he's going to keep any 'spare' in a war-chest,so to speak, so he can keep those that he already has.

This is the sort of thing that is happening right now, up and down and side to side.

basil said:
Tonight's Express & Star had an interesting editorial, I read it as a Daily Express opinion rant.....
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We've all had enough of experts...

Except the whole point of the 'predictions' were that they were predicated upon the enactment of Article 50 on June 24th 2016. We none of us need a handy reminder on the side of a bus to remember that that didn't actually happen.

If i'm not entirely mistaken, we have yet, some five months later, even to 'trigger' it. Which means nothing of note has yet actually happened - apart, of course, from the collapse of our currency on the foreign exchanges at the mere mention of it.

It is not unrealistic for anyone to thus begin an entirely new 'analysis' of what might happen in two years time, assuming that Parliamentary approval clears the way for the enactment of Article 50 in March 2017, and all of the UK is 'out' by 2019.

Because that will be a very, very, different scenario to the one we are in now.
 
Withnail

Withnail

Well-Known Forumite
I'm also sad to report that i am now a most reluctant, and very sad, Leaver.

As much as i think that Brexit will be disastrous economically, and disastrous in many other ways, to not do this ridiculous thing would be disastrous politically.

The circle cannot be squared.

It hurts my heart.

But i can't see any other way out of it.
 
1JKz

1JKz

Well-Known Forumite
Withnail said:
I'm also sad to report that i am now a most reluctant, and very sad, Leaver.

As much as i think that Brexit will be disastrous economically, and disastrous in many other ways, to not do this ridiculous thing would be disastrous politically.

The circle cannot be squared.

It hurts my heart.

But i can't see any other way out of it.
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Just after i'd Liked your post above!?

Come to your senses man.
 
Lucy

Lucy

Well-Known Forumite
Unfortunately I've come to much the same conclusion. Only way out of it as I can see is a general election where we vote a pro-EU party in.
 
1JKz

1JKz

Well-Known Forumite
The vote is now with our parliament lot and that ain't as straight forward, as a few of you/us think.
 
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