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JaneB

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Don’t get too excited about IR35, Droy, HMRC has been trying to prosecute for years and failed dismally. At worst, pay yourself salary instead on dividend. BTw glad to see you’re back and in the pink.

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1 hour ago, blue moon said:

Don’t get too excited about IR35, Droy, HMRC has been trying to prosecute for years and failed dismally. At worst, pay yourself salary instead on dividend. BTw glad to see you’re back and in the pink.

Great.  I'm a long way short of setting up my own company at present.  See how much work I get from them first, in the meantime I'm just using an umbrella company called (and it still makes me laugh) Brolly Lolly.

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Try answering the phone with that and expecting the caller to think you're sober? Hmmm ....

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1 minute ago, blue moon said:

Try answering the phone with that and expecting the caller to think you're sober? Hmmm ....

:)  Much too automated to ever have to speak to people.  I used them before when an agency proposed them, and this time it was my suggestion.

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Sciatika   
 
 
 
1
12 hours ago, Droy was my hero said:

I think they have deferred tax payers to thank for it eventually.  That and probably a big wallop of inflation to balance the books.

Mark Blyth (the political economist) did a youtube video on this recently. I am not a big fan of his, but I can't argue with his analysis. As he says, almost all government borrowing is ultimately resolved through growth making the value of the debt smaller rather than straight repayment especially in the "mustang" economies (eg US, UK). Without being depressing, the biggest problem we have (both nationally and internationally) at the moment is the lack of growth and the "big" issues will be those that have a detrimental impact on growth for the next 20 years or so and how we respond to them. These are not things like the virus, these are things like global warming, globalisation and so on. But, we have to separate what is urgent and what is important. The most urgent thing is to get people back to work as soon as possible to get the economy moving again. People need to understand that economic decline will reverse many gains made in the last 20 years (which, despite the complaints are, globally, huge). The decline will kill many more people than the virus (actually by factors of magnitude). We have to try to avoid that. That means getting people back to work. Hiding in our homes will make it worse, not better. So, for instance, the whole thing about opening schools is to make it possible for parents to work. School children are unlikely to suffer too much if they catch it, there is no evidence apart from anecdotal, that children give it to adults. On the downside, many children are being damaged by lack of interaction with their peer groups (this is important in socialisation) and there is the issue of children from less wealthy backgrounds missing out entirely because the quality of teaching is very inconsistent across socio-economic groups. However, the key driver is getting the parents back to work to create growth. The tax they pay is helpful in keeping things ticking over but its the growth that whittles down the value of the debt. We don't need to be stupid about it - we need to target the most important risks like shielding the vulnerable (which are mainly the elderly), keep the infection rate low so our health systems can cope and so on. I think there will be a push to change the 2m rule to a 1m rule soon to make it easier for small businesses, especially those in hospitality, to get back to work. 2m was always a bit arbitrary from science. Measures like track and trace and the quarantine will be dropped because of lack of compliance. We have a quite different culture which rejects these kinds of impositions. Our response to be nuanced, regional/local and so on. Put another way, we need to "box clever".

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8 hours ago, blue moon said:

Don’t get too excited about IR35, Droy, HMRC has been trying to prosecute for years and failed dismally. At worst, pay yourself salary instead on dividend. BTw glad to see you’re back and in the pink.

HMRC have habitually put out campaigns about how they will pull back people Who are self employed but who they believe should be employees. It’s been a scare tactic in the past and slowly as companies increasingly became ran by Financial/Commercial Directors (non-risk takers by training), the bigger players came into line. 
 

Many saw it as just what it was and carried on regardless. IR35 has even got those companies running scared. The fact that it’s been deferred a year may suggest it’s a further attempt to reel a few more in, having been here a number of times, this one felt different. 

7 hours ago, Droy was my hero said:

Great.  I'm a long way short of setting up my own company at present.  See how much work I get from them first, in the meantime I'm just using an umbrella company called (and it still makes me laugh) Brolly Lolly.

Just have lots of clients, substituting arrangements and the ability to carry out the ‘work’ when you choose to - or a combination any of these should see you ok. 
 

 

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Day 1 of our new normal. Tourists are now able to return. Shame as most here apart from the income have grown to love the lack of Blackpool in the sun coming here ruining the island.

We have been approximately 350,000 people down at any one time which has made it a ghost island in one respect but so much nicer to be here

 

Heyho fun while it lasted

 

Edited by r.bartlett

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It is certainly very odd times. 

We went into lockdown and I had a Mum and a job, as lockdown starts to be relaxed I have lost both. 

PS. I Have got another job to go to shortly. 

  • Sad 2

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chara   
10 minutes ago, Mark Kelly said:

It is certainly very odd times. 

We went into lockdown and I had a Mum and a job, as lockdown starts to be relaxed I have lost both. 

PS. I Have got another job to go to shortly. 

Sorry for your loss hope things improve for you.

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JaneB   
24 minutes ago, Mark Kelly said:

It is certainly very odd times. 

We went into lockdown and I had a Mum and a job, as lockdown starts to be relaxed I have lost both. 

PS. I Have got another job to go to shortly. 

So sorry Mark 😢

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