Reply to post: Tories?

IR35 blame game: Barclays to halt off-payroll contractors, goes directly to PAYE

RancidRodent

Tories?

Why is a supposed Tory party still pursuing Labour's spiteful IR35 tax? This will destroy what's left of the indigenous IT market - in 97 this was the second largest IT sector in the world. Labour destroyed it by allowing companies to rubber-stamp their own cheap imported Labour which also encouraged outsourcing. now the so-called Tories are pursuing this awful policy. People working through a service company may pay less personal tax - but they pay more tax overall (corporation + VAT + personal tax + economic activity linked to running a company), the company hiring them have lower overheads and the government's overall tax take is increased compared to a permanent employee doing the same job - everyone wins - why are they pursuing this madness?

Large companies will do exactly what Barclays have just announced (which I predicted months ago) the result will end up with more outsourcing and fewer UK jobs - and it's only a matter of time before cheap outsourced labour with no legacy knowledge brings a blue-chip company to its knees. Thicko boards still don't realise that IT IS your business - not a cost to be chopped away at relentlessly.

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