Not working

IT Contractors, and especially the idiots who fought this case, have poisoned the well for everybody else. Paying yourself £5/month salary and then taking all the profit as dividends - splitting it 50/50 with your non-working wife so as to avoid as much tax as possible has quite rightly pissed off our tax-collecting overlords.

Sadly, their cure is bad not just for the cheaters, but for many small businesses as well. This change comes on the back of other recent changes by HMRC that are slowly eroding the advantage of being a Limited company and making it questionable if it's really worth taking the risks of starting a new business. Welcome to France.

After 7-years of running small businesses, I am so unhappy with HMRC, I will now spend £10 on tax avoidance advice if it will save me £10.01.

(Hence the Anon posting...)