In Chapter Five 'Building a Fairer Society' of the Treasury Report is this announcement.
5.91 The Government has introduced a range of measures and targeted tax reductions to support small businesses; including through reform of capital gains tax, reducing the rate of corporation tax for smaller companies and the introduction of a zero rate, Stakeholder Pensions, and the abolition of advance corporation tax. These measures are encouraging the creation of more small companies, including through self-employed people incorporating their businesses. The Government is keen to ensure the measures it has introduced provide support for these firms taking on the opportunities and responsibilities involved in that transition, and to encourage them to reinvest their profits and grow their businesses.
At the same time, the Government is concerned that the longstanding differences in tax treatment between earned income and dividend income should not distort business strategies, or enable reductions by tax planning of individuals’ tax liability, and that support should continue to be focused on growth.
The Government will therefore bring forward specific proposals for action in Budget 2004, to ensure that the right amount of tax is paid by owner managers of small incorporated businesses on the profits extracted from their company, and so protect the benefits of low tax rates for the majority of small businesses.
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Susie Hughes © Shout99.com 2003
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PBR: Is IR5.91 the next IR35?
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Susie Hughes - 15:07 10/12/03
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Treasury's full announcement
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Susie Hughes - 15:17 10/12/03
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Yes, but what is it??? (nt)
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snodgrasse - 15:17 10/12/03
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He's flagged 'it' up
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Susie Hughes - 17:55 10/12/03
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The Devil will be in the detail
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djfutter - 19:29 10/12/03
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Should be better ... but?
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barboras - 20:26 10/12/03
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Your last sentence...
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Ian Preece - 21:01 10/12/03
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Should be better
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tj23a - 08:25 11/12/03
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They've already thought of that one
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silicondale - 11:18 11/12/03
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5.91
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tonyevans - 22:54 13/12/03
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Fair?
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simonkloot - 12:56 11/12/03
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Two Companies
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tj23a - 13:09 11/12/03
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Qué...
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joe-hill - 13:18 11/12/03
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Taxation was never designed to be fair
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slaphead - 11:56 13/12/03
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Some fun: Missed the law on minimising my tax liabilities
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leigha - 01:30 17/12/03
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Poll Tax ?
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slaphead - 10:14 17/12/03
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re tax decrease
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wprescott - 03:42 18/12/03
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The sooner the better - Labour OUT!!
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ihm - 15:37 10/12/03
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Out with the lot of them...
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redecraft - 20:08 10/12/03
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... and then outsource their role to India (NM)
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mseddon - 21:20 10/12/03
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RE: Out with the lot of them...
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marcw - 01:14 11/12/03
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Ahh..now I get it...
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rkerr - 15:59 10/12/03
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Ahh ..now i get it
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andrewb - 18:14 10/12/03
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Enough of the lunacy - let's act!
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robwherrett - 19:18 10/12/03
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Joined-up
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Aney - 00:52 11/12/03
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and enjoined?
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robwherrett - 02:40 11/12/03
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trouble is...
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slaphead - 15:57 11/12/03
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changing our viewpoint...
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robwherrett - 16:36 11/12/03
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Agree
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radsoft - 08:09 12/12/03
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5% Again
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anthonyenglish - 10:59 12/12/03
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Answer
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radsoft - 11:07 12/12/03
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declare ??
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slaphead - 11:22 13/12/03
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tax rates
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realist - 19:25 13/12/03
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Who's the fool ?
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radsoft - 10:30 15/12/03
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Actual amounts
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radsoft - 11:22 12/12/03
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wake-up call
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robwherrett - 13:59 12/12/03
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Be proud ...
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stakeknife - 12:42 12/12/03
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3rd party perspective
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slaphead - 13:56 12/12/03
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Very near just giving up now.
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VXJK - 18:48 10/12/03
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Giving up
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PaulDeeprose - 07:59 11/12/03
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More blessed to receive than to give
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MikeM - 13:35 11/12/03
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Lets all move to Wales!
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PaulDeeprose - 16:41 11/12/03
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Innovation? Nah, just give us your money!
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BrianTH1 - 10:32 11/12/03
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New ideas
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topcat - 18:58 10/12/03
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Be careful Gordon!
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JohnClegg - 19:37 10/12/03
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Let's see the detail first
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New Dawn - 15:11 11/12/03
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Going about it the wrong way - as usual?
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AlRoss - 19:45 10/12/03
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NI
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mseddon - 19:54 10/12/03
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NI could be split
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iws - 20:41 10/12/03
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Political aspects of NI
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AlRoss - 23:15 10/12/03
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Government tax "APR"
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sidea - 23:43 10/12/03
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APR...
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PaulDeeprose - 08:01 11/12/03
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All taxes
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sidea - 10:23 13/12/03
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Try Tax Freedom Day
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mdeveaux - 17:49 13/12/03
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Try Tax Freedom Day
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mdeveaux - 18:02 13/12/03
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It's great, BUT
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sidea - 22:36 16/12/03
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Adam Smith Institute
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mdeveaux - 13:42 17/12/03
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The Financial Times
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sidea - 22:54 17/12/03
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Content revisited
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PaulDeeprose - 08:25 11/12/03
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Going about it the wrong way
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Sparky - 14:30 11/12/03
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Speechless....
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Ian Preece - 20:56 10/12/03
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Quite right
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jerry1 - 21:06 10/12/03
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Agreed
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Ian Preece - 09:55 11/12/03
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37 billion pound deficit
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morphic - 02:59 12/12/03
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Getting Out???
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tonypinfold - 07:20 12/12/03
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MP's salary
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Laserjet - 21:43 10/12/03
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MPs allowances etc
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Susie Hughes - 22:25 10/12/03
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Allowances
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PaulDeeprose - 08:14 11/12/03
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Fair!!! They just want anyones cash
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tj23a - 08:37 11/12/03
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No - they want everyones cash!!
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PaulDeeprose - 16:44 11/12/03
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Send them a postcard ...
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New Dawn - 01:52 17/12/03
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Don't forget the stamp ...
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New Dawn - 03:34 17/12/03
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Deja Vu!
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Nehama - 22:56 10/12/03
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How can this work though?
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nomoreit - 23:22 10/12/03
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the debacle of IR35
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bjorkbjiggler - 09:45 11/12/03
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I'll tell you how
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snodgrasse - 13:08 11/12/03
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Yes but..
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nomoreit - 18:51 11/12/03
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Making IR35 part of company law?
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AlRoss - 23:23 10/12/03
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Method in the madness
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joe-hill - 12:36 11/12/03
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Exactly!
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Nehama - 13:15 11/12/03
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Case
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steve_norris - 13:22 11/12/03
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IR35 & Company Law
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Nehama - 13:05 11/12/03
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Spot On - just wait another 3 years and see what happens
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topcat - 21:59 18/01/04
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The bottom line
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leigha - 02:00 11/12/03
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Size is our Strength?
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robwherrett - 03:04 11/12/03
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Re - Size is our Strength?
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steve_norris - 12:27 11/12/03
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Hmmm, potential problems there...
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joe-hill - 12:46 11/12/03
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A real Party....
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steve_norris - 13:17 11/12/03
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The Liberal Democrats?
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Sparky - 14:40 11/12/03
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Are they a Political Party or just a party?
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steve_norris - 14:50 11/12/03
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A different angle
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leigha - 01:46 17/12/03
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The final nail
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millennia - 08:54 11/12/03
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No Taxation Without Understanding - a humble accountant's point of view
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tonypinfold - 09:43 11/12/03
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OK for some
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leigha - 02:06 17/12/03
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It Doesn't Matter
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Brad - 09:43 11/12/03
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Sure, but
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mseddon - 11:22 15/12/03
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You want to encourage small businesses ...
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lmuswell - 09:55 11/12/03
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Is it April 1st
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nuwood - 10:20 11/12/03
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Nice description.
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radsoft - 10:48 11/12/03
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Hmmmmm
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nuwood - 10:54 11/12/03
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Exactly my point.
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radsoft - 11:19 11/12/03
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Make it clearer
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nuwood - 11:26 11/12/03
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ptiouasaimhorgomt
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radsoft - 11:35 11/12/03
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Kept records
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nuwood - 11:42 11/12/03
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Effective
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radsoft - 11:54 11/12/03
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Final note
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nuwood - 12:02 11/12/03
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Not quite.
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radsoft - 12:03 11/12/03
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Calm down folks (nt)
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millennia - 13:16 11/12/03
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What 9 til 5 ?
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Sparky - 15:00 11/12/03
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Ipse dixit
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MikeM - 13:51 11/12/03
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AGENCIES !!!
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slaphead - 14:15 12/12/03
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Absolutley
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radsoft - 14:33 12/12/03
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Wind-up
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joe-hill - 13:14 11/12/03
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No wind up
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radsoft - 13:16 11/12/03
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grain of truth
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millennia - 13:24 11/12/03
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Good point well put.
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radsoft - 13:36 11/12/03
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oh you are a wag ;o) (nt)
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millennia - 13:38 11/12/03
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btw
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radsoft - 14:38 11/12/03
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No (nt)
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millennia - 14:39 11/12/03
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Your just unlucky
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MikeM - 13:40 11/12/03
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On the contrary Mikey Baby
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radsoft - 13:55 11/12/03
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IR5.91 What will it be?
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-JM - 13:06 11/12/03
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Press picking it up
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millennia - 13:54 11/12/03
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Letter to the Daily Telegraph
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brownowl - 14:19 11/12/03
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You're both right of course
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realist - 20:00 11/12/03
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Send your complaints here
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steve_norris - 15:14 11/12/03
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Also, maybe try lobbying this lot...
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jez - 17:51 12/12/03
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Penpushers £22k a minute
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New Dawn - 01:39 14/12/03
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£534K bonus for civil servants
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New Dawn - 15:23 14/12/03
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