Autumn Statement - Predictions and results

Thrugelmir

michaels wrote: »

With oil prices so lw pehaps we will see a 'fuel price stabiliser' brought in - perhasp 5p on a litre now that would decrease to zero if petrol prices hit 1.25 and to -5p if petrol prices reached 1.50?

Now's the time to increase fuel duty again. Easy win to increase tax revenues.

purch

kabayiri wrote: »

It never comes at all now. Autumn or Spring.

It's probably rose tinted glasses, but were things simpler before the GFC?

Does he quaff a large Whisky whilst delivering his speech like Fatty used to ?

Probably not......poh faced little oik :eek:

Thrugelmir

mystic_trev wrote: »

- Salary sacrifice schemes to be axed.

More radical than that. Pension reform on a far wider scale.

No higher rate tax relief.

Relief granted at 30% to everyone.

Or my personal choice. A PISA, i.e. a tax free savings account. 20% relief on all contributions into the plan and no tax to pay when funds are withdrawn. No restriction on how the funds are withdrawn either.

purch

Thrugelmir wrote: »

No restriction on how the funds are withdrawn either.

What about When ?

SailorSam

I can start to claim Pension Credit from next May.
Please Mr O, don't change the age limits again until after then.

Pennywise

ukcarper wrote: »

Aren't ' things like soft drinks, crisps, sweets etc vat rated already.

Yes, indeed they are, standard rated, as are the likes of chocolate biscuits etc.

One idea I'd like to see is standard rating being extended to processed foods, i.e. the kind of thing with additives and preservatives for longer shelf life, that are linked with health potential health issues, for example breakfast cereals, biscuits, etc - maybe even extended to dried packet food, tinned foods, prepared meals, etc. Basically just leave the "staples" zero rated such as fresh fish, raw fruit and veg, bread, raw meats, cheeses, etc.

michaels

Thrugelmir wrote: »

More radical than that. Pension reform on a far wider scale.

No higher rate tax relief.

Relief granted at 30% to everyone.

Or my personal choice. A PISA, i.e. a tax free savings account. 20% relief on all contributions into the plan and no tax to pay when funds are withdrawn. No restriction on how the funds are withdrawn either.

I can see that idea which effectively shifts tax revenue from some future date to now being very appealing to the chancellor given the timeframes (5 years max) that politicians operate under.

It will take a bit of setting up and consultation however so probably not brought in until 17/18 and probably current pensions would in some way be 'rollde in' to the scheme to avoid pension contributions dropping off a cliff - although again in the short term giving people their money and then expecting them to put it into their pisa is likely to lead to a fair bit of leakage as money that would have been saved is spent - again good for a pre-election economic boost.

Pennywise

michaels wrote: »

I'd love to see it...but you are forgetting that voters (old people) are those who have the most unearned income so I can't see it happening.

If they were on low incomes (as professed by them often enough), they'd pay nothing if their total taxable income remained within the personal allowance (shortly to be £12k).

The Govt could win a few votes by reintroducing a higher personal allowance for OAPs - say to £15k to compensate those on slightly higher incomes. So save 20% on £3k but pay an extra 5% on the excess over £15k. Get the sums right and it would only hit those on say incomes of over £20k. Hardly on the poverty line! But it really would bring in revenue for the really high income pensioners, i.e. those earning more than the average working person does at say £26k and over.

CLAPTON

at least another 500 pages of the tax manual

westv

Privatisation of the Land Registry will go the rounds again - even though, from what I've read, nobody seems to want it to happen