Extra 4% Tax for Self Employed??
jilbo
Registered Posts: 197 Dedicated contributor ๐ฆ
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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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.0
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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 papers0 -
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farmergiles wrote: ยปThe 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?0 -
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farmergiles wrote: ยปDaily 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:0 -
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.0
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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.0
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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 earlier0
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