24% corporation tax

[pjt]

Looks like we’re paying for covid [emoji45]


Furious business chiefs and MPs slam Rishi Sunak's £30billion tax raid
Furious business chiefs and MPs slam Rishi Sunak's GBP30billion tax raid | Daily Mail Online



Sent from my iPhone using Contractor UK Forum

[Paddy]

Looks like we’re paying for covid [emoji45]


Furious business chiefs and MPs slam Rishi Sunak's £30billion tax raid
Furious business chiefs and MPs slam Rishi Sunak's GBP30billion tax raid | Daily Mail Online



Sent from my iPhone using Contractor UK Forum

No problem, it's good for the country. Please pay more.

[ladymuck]

Who do you think was going to pay for COVID? That bail out didn't come for free from the great sky fairy.

It was inevitable that taxes would have to rise to cover the borrowing. It's what taxes and how that I'm most interested in as HMG won't want to upset their donors, or potential trade partners, or anyone who squeals "I'm taking my company offshore!" or such like.

[pjt]

Who do you think was going to pay for COVID? That bail out didn't come for free from the great sky fairy.

It was inevitable that taxes would have to rise to cover the borrowing. It's what taxes and how that I'm most interested in as HMG won't want to upset their donors, or potential trade partners, or anyone who squeals "I'm taking my company offshore!" or such like.

5% is a pretty big jump!


Sent from my iPhone using Contractor UK Forum

[DoctorStrangelove]

5% is a pretty big jump!

You ain't seen nothing yet.

[SueEllen]

The government is trying out all their proposed policies in the press to see which ones get less push back.

They will calculate raising corp tax by 1% is safer. As some businesses e.g. retailers are suffering due to business rates.

They will probably invent a new tax as well on income. Plus do something with council tax.

[The Spartan]

It could be worse they could make dividend tax the same as income tax

5% is a pretty big jump!

[SueEllen]

It could be worse they could make dividend tax the same as income tax

They will be to ensure all loopholes are closed.

[Andy2]

it's only fair. I am paying 43% tax under umbrella. 24% is a bargain comapred to that.
pay your bit.

[jamesbrown]

The government is trying out all their proposed policies in the press to see which ones get less push back.

Absolutely this.

It's as though some of you were born yesterday.

This is straight out of the Treasury's kite flying playbook.

Some taxes will rise by some amount, particularly from 2022 onwards. But CT won't rise by 5% next April. We'll still be in the middle of this in November and such rises would sap business confidence at exactly the wrong moment.