Coronavirus

Discussion in 'General Discussion' started by boba fett, Feb 25, 2020.

  1. 26 Mar 2020 at 7:39 PM #1261
    JMS

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    Just the way it is I guess I'm the director of my limited company and pay myself my tax free allowance. (I know people will shout I'm defrauding tax but I'm not, i till pay dividend tax as well as VAT and corp tax all adding up to more than I would earn as staff) I wont get anything back and am still paying my staff in full. All part of running a company you take the good times and the bad. I will hang it out without any hand out from the government and keep paying my tax, vat and corp on time.
     
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  2. 26 Mar 2020 at 7:41 PM #1262
    Nigt3

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    Yes great,and be taxed at 40%, no thanks
     
  3. 26 Mar 2020 at 7:42 PM #1263
    stiggly

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    Surreal times mate which nobody could have predicted. :(
     
  4. 26 Mar 2020 at 7:43 PM #1264
    Melvyn

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    Yes, join the club Simon.Some bright spark said to me that diesel has dropped on the floor, i said yes, do me no good tied up in the harbour lololol.
     
  5. 26 Mar 2020 at 7:43 PM #1265
    stiggly

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    Not sure I follow mate?..
     
  6. 26 Mar 2020 at 7:45 PM #1266
    Nigt3

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    tax free dividend allowance is like 2 grand, anything more and your taxed just same as your salary
     
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  7. 26 Mar 2020 at 7:46 PM #1267
    Melvyn

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    I know Tery, not ideal is that, but a huge undertaking for Gov to work out and what have you.As long as people know they have it from a letter from Gov, i would say the banks will loan against it.
     
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  8. 26 Mar 2020 at 7:51 PM #1268
    ADL

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    you’ve lost me? Who’s fucked who?
     
  9. 26 Mar 2020 at 7:51 PM #1269
    Telsy

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    Most financial institutions are being as flexible as they can. We are only a relatively small business, but are taking a pretty sensible approach and generally providing 3 month payment holidays when requested.
     
  10. 26 Mar 2020 at 7:53 PM #1270
    JMS

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    I'm sure most people still think dividends are tax free, like back on the mid 90s. ..

    Thay are taxed like PAYE with a 2k tax free allowance and some at 7.5% but mainly the same as staff.

    On top of all that we have to pay 19% corporation tax and then VAT..

    So inthink we end up paying more in tax as a %....

    As a director I'm still paying my staff and not claiming anything from the government!! And I still get hassled I'm fiddling my tax and taking the piss...
     
  11. 26 Mar 2020 at 8:04 PM #1271
    Sedra

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    Just stood at the window to clap along side with my entire street.
     
  12. 26 Mar 2020 at 8:05 PM #1272
    jpf

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    Unfortunately it’s timing for us, we have lost a whole years takings already. Having just come through a long winter investing heavily for the year ahead. Personally speaking I gave 23 yrs to this country serving in the forces, well if that’s the thanks, I’ll think again about my behaviour/attitude in future. And all this for a bloody flu virus
     
  13. 26 Mar 2020 at 8:11 PM #1273
    JMS

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    Yep I get it.. but no ones fault and we have to do our best... 5 years of running an IT company and 5 staff it's difficult for me too. I will be paying all my staff in full for as long as I can as that's my responsibility as a director..

    Its tuff times but we all have to try and pull together.. I will always try my hardest not to look at the government for hand outs.
     
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  14. 26 Mar 2020 at 8:34 PM #1274
    stiggly

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    Whilst I hear your pain, I’m not sure you can align your past career choice/employment to the current circumstances. I do hear however that you have made some investment in your business and I hope that still delivers future rewards
     
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  15. 26 Mar 2020 at 8:35 PM #1275
    stiggly

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    Well done Sir
     
  16. 26 Mar 2020 at 8:35 PM #1276
    Biggles

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    It’s a sh1tter for you mate and I genuinely feel sorry for the position you find yourself in, through no fault of your own. However I think there has to be an acceptance that they have been able to help the vast majority of the population, and I think they need to be applauded for that, but as with everything there will be exceptions that hopefully they’ll be able to address in time. Re your years of military service, thank you and much respect to you for that. Unfortunately I don’t think that has much bearing on the government’s treatment of you on this occasion.
     
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  17. 26 Mar 2020 at 8:36 PM #1277
    stiggly

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    THIS
     
  18. 26 Mar 2020 at 8:36 PM #1278
    dustybones

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    so did I as a wee thank you!
     
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  19. 26 Mar 2020 at 8:43 PM #1279
    boba fett

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    I was pleasantly surprised, you could not see them, but you could here the whole village showing there respect to the NHS.

    A nice moment at a difficult time.
     
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  20. 26 Mar 2020 at 8:48 PM #1280
    klan8456

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    This virus is having profound and wide reaching impacts.

    I just found out my father, on the other side of the world 24 hours flying time away, has cancer. I can’t fly to see him. They can’t operate as the risk of him catching the virus in hospital is so severe.

    In the same week, my mother has lost her job after the MD insisted she still needed to visit pharmacies and doctors offices (full of sick people), despite having a vulnerable person at home. They are renting, and the state pension doesn’t even come close to covering housing costs. There is no state housing. The pound has dropped in value so my ability to help from here is further limited. I am looking at my parents potentially being homeless and with cancer. It’s a horrible situation.

    There will be thousands, perhaps millions of people impacted by this virus like I am. Please think about that when you’re considering whether to strictly follow the govt. advice, or take small liberties to preserve your “freedom”, at the risk of it spreading.
     
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