Granny Tax Hysteria

ess0two

StevieJ wrote: »

Gone are the halycon days when Schueys F1 car could be seen during testing on site

I met Barrichello and his car a few yrs ago.

Was amazing the garages up their,they'd literally strip / rebuild cars after umpteen miles etc to check for wear.

People were paid to drive cars up and down the country,with various monitoring gear in the boot to collate fuel data etc.

zygurat789

THE RED BOOK

Budget 2011

Page 35

1.128 As announced in the June Budget 2010, the Government has reviewed how the CPI can
be used for the indexation of taxes and duties while protecting revenues. Consistent with this,
the default indexation assumption for direct taxes will be the CPI from April 2012. To
ensure employers and older people do not lose out, for the duration of this Parliament the
annual increases in the employer NICs threshold, and the age related allowance and
other thresholds for older people, will be over-indexed compared to the CPI, and will
increase by the equivalent of the RPI. The Government will review the use of the CPI
for indirect taxes once its fiscal consolidation plans have been implemented and the
duty increases it inherited from the previous Government have come to an end.