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Thing is now there is very little benefit if at all of working as a limited company purely as a tax exercise. I believe the biggest benefit, even more so now, is the limited liability. As long as directors haven't had to give personal guarantees you are not going to lose everything if your...

Superb, thank you had not seen the update, what a great company Anglian rail is :bowdown: :lol:

:tosser: Anglian Rail wont repay advance tickets only re book which is pointless

I realise that and I'm sorry for you, I'd like to point out my wife and daughter are employees who were laid off on Wednesday which means zero pay not 80% so actually much worse off!! But anyway, your income (turnover) is not the same thing as my income (salary). Let's just accept we are not...

Sorry but comparing self employed to employed is like comparing football to boxing, both sports but that's where the similarity ends, I'm going to bed, got to work at home for 7.5 hours again tomorrow

He didnt he said tax I think, but I assume it must be NI as income tax is no different. Be interesting if he does let self employed get benefits

NI for the self employed is 9% NI for employees is 12% at the moment - he is suggesting the 9% will become 12% sorry my post was probably confusion looking at it, I'll edit it

Edited: He is referring to the Self employed. Directors of companies pay NI at the same rate as any other employee

But you cannot compare the two like that Look at it this way, you have turnover of £50k, your costs are £20k your profit to service your mortgage, your season ticket, your living costs is £30k you will be entitled to 80% of that from the government Me as an employee has a salary of £30k to do...

I understand what you are saying but you are getting what you earn ie your profit, same as those on PAYE, they are getting what they earn

In his speech he said if you are recently self employed they would take into account what has been filed. Therefore its only people that became self employed after April 2019 who will need to apply for loans or universal credit. If you started in Feb 19, filed your tax return for Feb and Mar 19...

You don't get 80% of your 9 months you will get 80% of three months as its currently only valid for three month based on the average earnings. So if your profit for 9 months was £9,000, that's £1,000 a month so you would get £800 for the next 3 months so £2,400 which will be taxable.

well it certainly wasn't that we were due to play them, its a week early, must have been another reason (or two)

I just hope they take a common sense approach in the set up, as far as I am concerned I am quite involved in our office payroll services for almost 200 clients and I just hope they take the view that agents can access the new portal and it will be linked to existing PAYE authorities.

Nothing stops firm, the worry is how long HMRC will take to set up the new portal and experience suggests it might be a while so employers may have to wait for refunds. Cashflow issues and debts to service have to be considered, I can see that. Unfortunately if contacts of employment contain...

Thanks, we will be ok wife if necessary can walk into an NHS job due to her qualifications and experience, although she hasn't worked for the NHS for 30 years. Daughter was applying for local Tesco and other jobs last night. It's not a big business about 10 employees but the problem is one of...

Because they can, stupid is as stupid does, they have a month for HMCE to sort out the repayment portal until next pay day and surely Grant's will be extended to all businesses soon but they cant see that

Problem is the words honourable employers. Both my wife and daughter, who work for the same company are getting a letter tomorrow laying them off tomorrow. At least today was payday. Unfortunately they have a laying off clause in their contract which their employer is going to use which avoids...

Next news (hopefully) BHAFC footballers agree to furlough payments in line with millions of football supporters

Who actually gives a ****