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Budget live
Comments
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Cut in corporation tax to 24% form next month
Further cuts to 22% by 2014“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
The cash basisi small company accounts is a half baked scheme (seen the draft consultion docs) that will save poeple nothing in adinistrative burden
Cash accounting for VAT is/was a good idea for small buusinesses - year end accounts on that basis is an awful badly thought through idea - hope it gets shelved until its been re done0 -
Increasing rate of bank levy so corp tax cuts don't benefit banks“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
vivatifosi wrote: »This is the one I want to know the detail on too lir. It's all very well to say that it will be easier, but will it cost us more?
My fear exactly! I wonder if, by taxing on a money that goes through basis, it is also somehow going to be a measure against tax avoidance?0 -
sunshinetours wrote: »The cash basisi small company accounts is a half baked scheme (seen the draft consultion docs) that will save poeple nothing in adinistrative burden
Cash accounting for VAT is/was a good idea for small buusinesses - year end accounts on that basis is an awful badly thought through idea - hope it gets shelved until its been re done
Can you explain, in brief, how it is meant to work?:o0 -
No change to booze, tobacco = inflation + 5%--Savings: 26/09/14 the day I reached 100k, 24/07/20 200k, 23/08/24 300k
Completed on first house 18/07/25 £300k and mortgage-free
Student Loan paid off 03/07/240 -
Booze duty -
No further changes to rates set out by predeccessor
Tobacco -
Increase by 5% above inflation. 37p from 6pm tonight“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »little change Graham for most.
Tax system.
Simplifying taxes as ongoing project.
simpler tax system. Radically change administration of tax for small firms. To be taxed on basis of tax that passes through business rather than profits.
Merge income tax and NI
Simplify VAT product classes
Simplify age related allowances for pensioners
Just got in from a bike ride, is there any detail to the merging of income tax and NI yet?Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
Surely Alcohol duty is one of the easiest ways to increase income to the treasury, based on a consumption of pure choice!?
Bit bizzare to do nothing.0 -
VAT duty on gaming, even when it's overseas based“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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