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The Big NIC U turn

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    #41
    Originally posted by AtW View Post
    Short-term measure, you mean Tory Scum will actually reduce dividend tax???
    They're going to introduce a fatcat index, with dividend taxation inversely proportional to fatcatedness. HTH.

    Comment


      #42
      Originally posted by SueEllen View Post
      Changes to class 4 NICs have been scrapped. More to follow.

      linky

      The Guardian has the letter sent to Tory MPs linky
      Time to scrap the dividend allowance reduction.

      Comment


        #43
        Summarise Hammond's speech:
        - Self-employed aren't paying enough tax
        - It's unfair
        - There is a tax gap which HMRC and the OBR have guessed it's a lot of money
        - I didn't breach the manifesto promise
        - No increase in NIC rates in this parliament
        - Class 2 will be abolished
        - I will make them all suffer in Autumn after the consultation
        - I will widen the exercise so can reform it all
        "You’re just a bad memory who doesn’t know when to go away" JR

        Comment


          #44
          Summarise Macdonuts reply:
          - It is chaos
          - Chancellor should spend less time writing crap jokes
          - £2 Billion tax hike and it was breaching a manifesto promise
          - Done at the same time as cutting tax for rich corps
          - He's not apologised for his blunder
          - Thanks to all those who have helped get this reversal including those across the house and FSB
          - blah blah
          "You’re just a bad memory who doesn’t know when to go away" JR

          Comment


            #45
            Both beautiful summarisations. Thanks for saving me valuable breathing/drinking time by not having to read the whole thing myself.
            His heart is in the right place - shame we can't say the same about his brain...

            Comment


              #46
              Originally posted by Mordac View Post
              Both beautiful summarisations. Thanks for saving me valuable breathing/drinking time by not having to read the whole thing myself.
              I was listening to it.

              Though they cut of McDonut halfway through due to his rambling.
              "You’re just a bad memory who doesn’t know when to go away" JR

              Comment


                #47
                Now listening to Jordon Marshall of IPSE.

                There was some other bloke on before saying that people deliberately go self-employed because they get all these expenses.

                Jordon Marshall is saying sensible things and talking about income volatility.
                "You’re just a bad memory who doesn’t know when to go away" JR

                Comment


                  #48
                  Originally posted by SueEllen View Post
                  Now listening to Jordon Marshall of IPSE.

                  There was some other bloke on before saying that people deliberately go self-employed because they get all these expenses.

                  Jordon Marshall is saying sensible things and talking about income volatility.
                  Which station?
                  His heart is in the right place - shame we can't say the same about his brain...

                  Comment


                    #49
                    So is it safe to say the opening battery was a warning shot and the below the waterline hits come in the Autumn?

                    Comment


                      #50
                      Originally posted by Mordac View Post
                      Which station?
                      LBC

                      Incidentally some of their former staff end up working for government.
                      "You’re just a bad memory who doesn’t know when to go away" JR

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