Extra 4% Tax for Self Employed??

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jilbo
jilbo Registered Posts: 197 Dedicated contributor 🦉
My boss has come in today saying he read in the paper at the weekend that the self employed are going to be hit with an extra 4% tax. He is being very vague. Does anyone know what he's referring to??

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  • CJC
    CJC Registered Posts: 1,657 Beyond epic contributor 🧙‍♂️
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    Can't find anything about this on Google or on the BBC website. I would have thought this would have been all over the news if true.
  • farmergiles
    farmergiles Registered Posts: 1,693 Beyond epic contributor 🧙‍♂️
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    jilbo wrote: »
    My boss has come in today saying he read in the paper at the weekend that the self employed are going to be hit with an extra 4% tax. He is being very vague. Does anyone know what he's referring to??

    The revenue is still showing 8% on their info page but I read the same thing in the weekend papers
  • jilbo
    jilbo Registered Posts: 197 Dedicated contributor 🦉
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    CJC wrote: »
    Can't find anything about this on Google or on the BBC website. I would have thought this would have been all over the news if true.

    Thanks for looking, I can't find anything myself either. He does have a tendency to talk out of his a***!!
  • jilbo
    jilbo Registered Posts: 197 Dedicated contributor 🦉
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    The revenue is still showing 8% on their info page but I read the same thing in the weekend papers

    :huh: Come on spill, what exactly did you read in the paper?
  • farmergiles
    farmergiles Registered Posts: 1,693 Beyond epic contributor 🧙‍♂️
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    jilbo wrote: »
    :huh: Come on spill, what exactly did you read in the paper?

    Daily Mail, saturday p14, comment quote
    " All this, on top of business rates going up 5 per cent and national insurance for the self employed by 4 per cent"
  • jilbo
    jilbo Registered Posts: 197 Dedicated contributor 🦉
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    Daily Mail, saturday p14, comment quote
    " All this, on top of business rates going up 5 per cent and national insurance for the self employed by 4 per cent"


    Ahhh, NI not tax makes more sense. Thanks for that farmer :001_smile:
  • CJC
    CJC Registered Posts: 1,657 Beyond epic contributor 🧙‍♂️
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    There was increase in NI contributions for the self-employed to 8.5% from April 2011 announced in the pre-Budget report back in November. Old news and no idea where the Daily "I wouldn't wipe my arse on it" Mail got 4% from.
  • CJC
    CJC Registered Posts: 1,657 Beyond epic contributor 🧙‍♂️
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    And the Mail missed a trick - they could have said it was going up by 6.25% which would have sounded even scarier.
  • farmergiles
    farmergiles Registered Posts: 1,693 Beyond epic contributor 🧙‍♂️
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    I emailed the tax partner in the last practice I temp'ed in and they have not heard anything other than the half of one percent increase in 2011, as CJC said earlier
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