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IR35

Comment 16th July 2010

Remove the law that prevents income being split between PAYE and dividend for 1 man LTD consultant companies.

A minimum PAYE level could be set so that you have to pay to max of basic tax band.

Why does this matter?

IR35 is killing It contracting where all income is used to cover the high costs of independant employment and maximum use of income. Sometimes you can be off work for months between contracts and the use of the dividend income provides options for training and research. Paying all via PAYE takes all your incentive away.


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