Fines for contractors under the CIS scheme.

Building contractors must submit a monthly return to the 5th of each month, within 14 days. Late returns generate a £100 fine that is very difficult to appeal against, cannot be appealed against on line, and when errors are made, the £100 fines multiply each month.

This is legislation bearing a whip, rather than a carrot, and I am sure results in small contractors NOT employing sub contractors, for fear of all the paperwork, risk of making mistakes etc., and potentially crippling fines that may ensue.

The CIS laws are making criminals out of many hard working, self sufficient small builders. These laws and fines should be reviewed with haste, to prevent more and more otherwise honest small businesses vanishing below the radar, to avoid all the paperwork, risk of fines etc., that are in place now.

Another law that probably stops people registering as self employed, is the legal requirement to regsister within 3 months of start up. Most small ventures need longer than that to decide whether the new venture is worthwhile, or not.

The threat of fines for making mistakes disuades people from taking the plunge into self employment.

Why is this idea important?

Building contractors must submit a monthly return to the 5th of each month, within 14 days. Late returns generate a £100 fine that is very difficult to appeal against, cannot be appealed against on line, and when errors are made, the £100 fines multiply each month.

This is legislation bearing a whip, rather than a carrot, and I am sure results in small contractors NOT employing sub contractors, for fear of all the paperwork, risk of making mistakes etc., and potentially crippling fines that may ensue.

The CIS laws are making criminals out of many hard working, self sufficient small builders. These laws and fines should be reviewed with haste, to prevent more and more otherwise honest small businesses vanishing below the radar, to avoid all the paperwork, risk of fines etc., that are in place now.

Another law that probably stops people registering as self employed, is the legal requirement to regsister within 3 months of start up. Most small ventures need longer than that to decide whether the new venture is worthwhile, or not.

The threat of fines for making mistakes disuades people from taking the plunge into self employment.

Scrap or limit maternity/paternity pay and leave for small businesses and public sector

Getting pregnant is a choice

Why should taxpayers (for public sector) or emplyers be forced to pay you for making that choice?

I would like to employ some people for my fledgling business, but frankly I can't run the risk of employing someone under 40 because of the increasing chance that after six months, they or tehir partner will get pregnant, and demand six months pay from me for no work

I can't afford it

Why is this idea important?

Getting pregnant is a choice

Why should taxpayers (for public sector) or emplyers be forced to pay you for making that choice?

I would like to employ some people for my fledgling business, but frankly I can't run the risk of employing someone under 40 because of the increasing chance that after six months, they or tehir partner will get pregnant, and demand six months pay from me for no work

I can't afford it

Reduce Corporate tax Accountancy burden for start ups and small businesses

If a start up or small limited company is not yet making a profit and therefore not liable to pay corporate tax, it should be possible to make a simple corporate tax return without asking a (sometimes expensive) professional advisor to do it. At present the return is too complicated and particularly jargonistic to be able to do this. If the company has only a limited number of transactions e.g. up to 500, it should be possible to file an inhouse income and expenditure record. Perhaps there should be a nominal fee for screening these records, although it could be considered an investment of time for future benefit.

 

 

 

 

Why is this idea important?

If a start up or small limited company is not yet making a profit and therefore not liable to pay corporate tax, it should be possible to make a simple corporate tax return without asking a (sometimes expensive) professional advisor to do it. At present the return is too complicated and particularly jargonistic to be able to do this. If the company has only a limited number of transactions e.g. up to 500, it should be possible to file an inhouse income and expenditure record. Perhaps there should be a nominal fee for screening these records, although it could be considered an investment of time for future benefit.

 

 

 

 

Largest Personal Tax Code in the developed world…….

We used to have a vaguely sensible tax code, now its the most convoluted, longest, impenetrable load of mumbo jumbo ever seen. It was possible to do your own tax return – not now. It's just a job scheme for tax accountants.

Corporation tax has been made clearer – why can't we do the same with personal tax.

Lets start again. Get rid of National Insurance. Get back to just PAYE, Capital gains and inheritance tax. All the silly little rules that make it like a "game" and not real life. Remove all the allowances, just strip it right back and make it understandable, if your average person can't understand the tax code then its not a fair system.

Get rid of the TV licence – whats the point? Its impossible to enforce and with people watching TV on the internet increasingly irrelevant. And no-one believes that the licence money was ring fenced in the first place.

Why is this idea important?

We used to have a vaguely sensible tax code, now its the most convoluted, longest, impenetrable load of mumbo jumbo ever seen. It was possible to do your own tax return – not now. It's just a job scheme for tax accountants.

Corporation tax has been made clearer – why can't we do the same with personal tax.

Lets start again. Get rid of National Insurance. Get back to just PAYE, Capital gains and inheritance tax. All the silly little rules that make it like a "game" and not real life. Remove all the allowances, just strip it right back and make it understandable, if your average person can't understand the tax code then its not a fair system.

Get rid of the TV licence – whats the point? Its impossible to enforce and with people watching TV on the internet increasingly irrelevant. And no-one believes that the licence money was ring fenced in the first place.

IR35 restricting small businesses

The IR35 tax laws are forcing sole workers out of the labour market and companies cannot use this labour effectively. Get rid of the laws or clarify them to give companies and sole workers reasonable options

Why is this idea important?

The IR35 tax laws are forcing sole workers out of the labour market and companies cannot use this labour effectively. Get rid of the laws or clarify them to give companies and sole workers reasonable options

abolish income tax

I think there are better ways to have someone to contribute to society than to tax them on there income. The current system is unfair as it punishes success and effort. One person is taking on benefits the other is getting taxed more than half of their income. As someone young it seems the path of least resistance to forget my potential and just say "oh well i am useless now give me a house, benefits and all the other hand outs and not have to give anything back".

It also makes the government needy on people working as much as possible. It encourages It a unbalance in some people lives.

 

ricky

Why is this idea important?

I think there are better ways to have someone to contribute to society than to tax them on there income. The current system is unfair as it punishes success and effort. One person is taking on benefits the other is getting taxed more than half of their income. As someone young it seems the path of least resistance to forget my potential and just say "oh well i am useless now give me a house, benefits and all the other hand outs and not have to give anything back".

It also makes the government needy on people working as much as possible. It encourages It a unbalance in some people lives.

 

ricky

Pension at 50

The last government introduced tax laws (2004 finance act) which prevent people from accessing private pensions before the age of 55. This should be change to allow people to access a pension which they have planned for their future

I am a member of a pension scheme which is well organised, well funded and has for many years paid a pension from the age of 50 to people forced to leave work because of redundancy. The trustees have been forced by current legislation to change the minimum pension age to 55. As this is a private scheme there is no cost to the public when people draw a pension from this scheme.

There is however considerable cost to the benefit system when a 50 year old member with a young family is made redundant, and now must rely on state support for 15 years as the pension he has paid into for 32 years is no longer accessible.

Why is this idea important?

The last government introduced tax laws (2004 finance act) which prevent people from accessing private pensions before the age of 55. This should be change to allow people to access a pension which they have planned for their future

I am a member of a pension scheme which is well organised, well funded and has for many years paid a pension from the age of 50 to people forced to leave work because of redundancy. The trustees have been forced by current legislation to change the minimum pension age to 55. As this is a private scheme there is no cost to the public when people draw a pension from this scheme.

There is however considerable cost to the benefit system when a 50 year old member with a young family is made redundant, and now must rely on state support for 15 years as the pension he has paid into for 32 years is no longer accessible.

International Business

Open Britain as an International Tax friendly business centre. Allow companies outside the UK to register having only to pay on revenues generated inside the UK otherwise pay an annual fee of say £500.00

Why is this idea important?

Open Britain as an International Tax friendly business centre. Allow companies outside the UK to register having only to pay on revenues generated inside the UK otherwise pay an annual fee of say £500.00

Scrap RDCO regulations

The RDCO regulations are time comsuming, costly to businesses and have provided zero tangible results so far.  They are so important to the Government that a lot, if not the majority, of Revenue staff do not even know what they are.  Enforcement simply means punishing the companies trying to supply the correct information not, in any way, shape or form attempting to stop the problem.

Why is this idea important?

The RDCO regulations are time comsuming, costly to businesses and have provided zero tangible results so far.  They are so important to the Government that a lot, if not the majority, of Revenue staff do not even know what they are.  Enforcement simply means punishing the companies trying to supply the correct information not, in any way, shape or form attempting to stop the problem.

End IR35 immediately

IR35 was introduced to stop tax evasion and raise £300 million.  It did neither and just made it much more difficult for small business owners.  Many independent contractors have been caught up in expensive measures to demonstrate that they are not nor have any intention to be employees of the companies to whom they supply services.  They do not receive any of the benefits of being employees (holidays, sickness, benefits, pensions, training, expenses, etc,).

In addition, many badly worded confusing, often contradictory and regularly changed "questions" were put into PAYE and personal tax returns. 

Simply repeal IR35 and all references to service companies.  By all means make sure everyone pays the correct amount of tax, but  end this failed law.

Why is this idea important?

IR35 was introduced to stop tax evasion and raise £300 million.  It did neither and just made it much more difficult for small business owners.  Many independent contractors have been caught up in expensive measures to demonstrate that they are not nor have any intention to be employees of the companies to whom they supply services.  They do not receive any of the benefits of being employees (holidays, sickness, benefits, pensions, training, expenses, etc,).

In addition, many badly worded confusing, often contradictory and regularly changed "questions" were put into PAYE and personal tax returns. 

Simply repeal IR35 and all references to service companies.  By all means make sure everyone pays the correct amount of tax, but  end this failed law.