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JonoMarshall

Member since May 2008 • Last active Jun 2019

Most recent activity

  • in Miscellaneous and Meaningless
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    @freddo

    Some people might look at their fake watch and beam at all the money they saved for almost the equivalent product? Some people might feel like an asshat wearing thousands of £s on their wrist?

  • in Cycle Touring and Bikepacking
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    Try this one (BA customer service Germany): +49 (0) 421 5575 757

  • in Cycle Touring and Bikepacking
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    That's not entirely fair...

    A few papers quoted the insurance survey that claimed BA was losing/damaging/delaying 1 in every 3.8 bags (customers own perceived experiences over the past five years).

    However, the truth is closer to ~11 extra bags lost per 1,000 passengers... based on 26.5 bags per 1,000 passengers for BA versus the EU average of 15.7 bags per 1,000 passengers (source: Air Transport Users Council).

    They're almost the worse performing in Europe, but back then (and now?) BA was handling more passengers with the most complicated luggage sorting system in the world: Heathrow T5 and the Int'l to domestic transfers covers 5 miles of high-speed track and 11 miles of regular conveyor belt... in my opinion it's a little unfair to compare BA's baggage record to airlines working with simpler routes/infrastructure.

    I'm not aware of that old premium rate number? To my knowledge all BA phone lines have always been charged at local rates? When did they use premium rate lines?

  • in Components, clothing and miscellany
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    An oil that's 14400 sq cm for £200 is ~1.4p per sq cm.

    Cheap. You can barely buy a large blank canvas and paint for that.

  • in Miscellaneous and Meaningless
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    That 'Phew!' moment when you walk away from a disastrous idea/investment with your house intact?

  • in Miscellaneous and Meaningless
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    Your 'actual' income tax as a LTD company and as an individual should be about the same (ignoring business costs and VAT refunds) unless you're doing something dodgy...

    The perks of LTD are the introduction of business costs/equipment (= more income allowance for you), much less risk as an individual, improved credibility (bizarrely), ease of employing others, ease of finance, potential to sell your business, Int'l billing and the ability to decrease/increase your income year-on-year.

  • in Miscellaneous and Meaningless
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    No and in hindsight I should've made a claim once, but forgot to use it (only 1 day, but still).

  • in Miscellaneous and Meaningless
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    I used to have it, then I started working in Sweden/France and I discovered I was no longer covered via the LTD company in the UK, so I cancelled it all.

  • in Miscellaneous and Meaningless
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    Some other things to consider:
    The flat rate VAT scheme can be an ~8% increase on your income (depending on the particulars).
    You can use business expenses for consumables/accountant/equipment/office/­travel/hotels/etc.
    You personal liability will be protected in the event your LTD company gets into trouble.

  • in Miscellaneous and Meaningless
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    Dividend tax doesn't equate to income tax. You pay the corporation tax, then let's say the personal allowance has been used up by taking a gross salary of £11,000. And let's say the rest of your income is dividends. The next tax band to consider is the basic rate tax band from £0 to £32,000. Dividends falling within this band are taxed at 7.5%. But the first £5,000 within that band are not taxed at all, due to the Dividend Tax Allowance (DTA) of £5,000 - so only £27,000 of the £32,000 is taxed at 7.5% (£2,025).

    Any dividends income falling in the higher rate band (currently from £32,001 to £150,000) then attracts the 32.5% higher rate of tax. Then any dividends in excess of £150,000 are subject to a rate of 38.1%. Dividends do not attract employer NICs, so you may decide to pay yourself entirely in dividends instead. Although an ~£11k salary can provide some flexibility at low cost.

    Actually, sorry, the DTA has been reduced to only £2k now and my tax bands above are outdated. Do your calculations for the new tax year here:
    https://www.itcontracting.com/calculator­s/dividend-tax-calculator-2018-19/

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