The Official Budget 2020 thread

[MrC]

Not scrapped; down from 10m lifetime to 1m lifetime.

Just mentioned more HMRC staff, linking tax "gains" to NHS. So "tax avoiding contractor scum damaging NHS" will be the headlines...

Yes he breezed through that with little detail - smacks of a nasty payload in the red book

That said, i'm not sure there's much left for them to go after contractors once the reform hits.

[heyya99]

Rushi for pm

[Platypus]

Did personal allowances go up?
The 40% band limit, the same or raised?

I didn't vote Tory to not get a tax cut bribe

[lucyclarityumbrella]

No surprise that there is no mention to regulation of umbrella companies! Living in hope!

[Lockhouse]

Errr.... where's all the money coming from?

[TheCyclingProgrammer]

ER not abolished, but lifetime limit reduced to £1m

A sensible compromise! I'm shocked.

[IRMe]

Red Book is out:
Budget 2020: documents - GOV.UK

IR35 reforms confirmed:

2.178 Review of changes to the off-payroll working rules (commonly known
as IR35) – At Budget 2018 the government announced that it would reform the off-payroll
working rules in the private and third sectors from April 2020. The government has recently
concluded a review of the reform, and is making a number of changes to support its smooth
and successful implementation. The government believes it is right to address the fundamental
unfairness of the non-compliance with the existing rules, and the reform will therefore be
legislated in Finance Bill 2020 and implemented on 6 April 2020, as previously announced

[WTFH]

Errr.... where's all the money coming from?

Magic Money Tree/not paying off the DUPe any more.

[WTFH]

awww... they're "making it easier for parents of up to 500,000 school-age children to access Tax-Free Childcare."

What about those of us with 500,001 children?

[TwoWolves]

awww... they're "making it easier for parents of up to 500,000 school-age children to access Tax-Free Childcare."

What about those of us with 500,001 children?

Wouldn't want any Mothers actually leaving work to care for their own children now, would we? Got to get our hands on all the PAYE.