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Re:IR35 reform to be repealed; workers will determine employment status
on Friday September 23, 2022 @12:11PM (#32953830)
> I wholeheartedly agree with you, those dodging tax by just operating like a permanent employee but through a Ltd company are on the wrong side of the law.
I'm a permanent employee of a one-man startup that I own. Most of the income at the moment comes form consulting. I pay the exact same tax that I would for any other employee, or that an employer would pay if they employed me. Would you elaborate on how that is dodging tax?
Re:IR35 reform to be repealed; workers will determine employment status
on Friday September 23, 2022 @11:15AM (#32953044)
As far as I can tell, employing yourself via a limited company being cheaper is no longer true, contrary to what the turnkey company industry would like you to believe. With the higher rate for dividend tax being 33.75%, dividends that lead to a total income over 37700 are taxed at ~47% (dividend tax+corporation tax).