The Food Glorious Food Jukebox Jokeslam at Soft Touch Arts sponsored by Miller Partnership and Jukebox was truly an evening of Foodie fabulousness.
Guests enjoyed great food and drink, a fabulous buffet, whilst anticipating the comical entertainment for the night, which included a spot from Pete.
The event raised the stunning amount of £2,800 – full details on the Soft Touch Arts blog.
Thompson Reuters Practical Law asked leading tax practitioners for their views on the Spring 2017 Budget.
Pete Miller pointed out the contrariness in the Chancellor’s approach:
“The real difference is that the self-employed people and small business owners bear the commercial risks of their businesses failing, risks that simply do not apply to employees; they put their own money into starting businesses, employing workers and driving the economy forward.”
Read Pete’s full contribution.
Budget 2017 comment from corporate tax expert Pete Miller of The Miller Partnership, based in Leicester.
“Probably the biggest issue in the Budget is the increase in class 4 National Insurance contributions for self-employed people to 10 per cent from April 2018 and 11 per cent from April 2019.
Additionally, director shareholders are also penalised by the reduction of the tax-free dividend allowance from £5,000 to £2,000 a year from April 2018.
This means that most self-employed and owner-managed companies will be worse off.
The Government talks a lot about supporting working families but its actions belie its words, with big tax hikes for self-employed people and small business owners.
The Chancellor’s rationale was that differences in National Insurance were justified by differences in pension and benefit entitlement for employees.
But the real difference is that self-employed people and small business owners bear the commercial risks of their businesses failing; risks that simply do not apply to employees.
Business owners and the self-employed put their own money into starting businesses, employing workers and driving the economy forward, and increasing their tax burdens will reduce the attractiveness of business ownership.”
Tolley’s Tax Digest – Transactions in Securities, issue 173 March 2017 is now available.
This publication by Pete Miller contains detailed, expert guidance:
- fully updated for the FA 2016 changes;
- relevant case law, including Cleary, Greenberg, Joiner and Wiggins;
- impact on reductions of capital;
- effect of winding up close companies;
- new fundamental change of ownership test;
- changes to the motive tests;
- extended definition of income tax advantage;
- and much more.