The Official Budget 2016 thread

[DimPrawn]

12 billion pounds to be raised by cracking down on evasion/avoidance

So basically make Google, Facebook, StarBucks, Apple, Ebay and Amazon pay what they really owe?

[Jog On]

Is anyone else shorting the £?

[convict]

No PSCs for public sector work.

where can i get a legal definition of a PSC? I know what a LTD co is, but what is the overlap with a PSC?

[tomtomagain]

Except those routed through Accenture at twice the cost.

Because Accenture is a "proper" company and in no way would avoid paying any tax.

[PerfectStorm]

I missed what he said.

Something about puting employees NI on redundancy.

And taxing loans at 33% .... but I didn't hear it all properly.

Current payoffs over 30k are income taxes, they'll be NI'd too.

[Jog On]

So basically make Google, Facebook, StarBucks, Apple, Ebay and Amazon pay what they really owe?

That will be subject to negotiation I'd imagine...

[DimPrawn]

Is anyone else shorting the £?

Not at the moment, I closed my positions before the budget not knowing what idiot boy might say.

[Jog On]

Not at the moment, I closed my positions before the budget not knowing what idiot boy might say.

Good move - FOMC tonight as well...

[DimPrawn]

That will be subject to negotiation I'd imagine...

"you owe us £1bn in tax, backdated"

"how about £2m and a free iPhone for all MP's?"

"okay, sounds good."

[tomtomagain]

Here comes a tax cut.