• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

The Official Budget 2021 thread

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    Looks like no CGT alignment with income tax

    Comment


      Originally posted by jamesbrown View Post
      Even if it doesn't, 250k is a tiny business.
      Would have made more sense to phase in corp tax by 1% extra per year

      Basically they won’t raise tulip so next Labour Govt will do CGT and other stuff

      Comment


        Originally posted by jamesbrown View Post

        Even if it doesn't, 250k is a tiny business.
        It's designed not to penalise family companies who use profit as 'salary', I guess.
        Originally posted by MaryPoppins
        I'd still not breastfeed a nazi
        Originally posted by vetran
        Urine is quite nourishing

        Comment


          Originally posted by AtW View Post
          Looks like no CGT alignment with income tax
          That's for the autumn. Briefings were pretty clear about that. Next budget will be CGT and pensions, pretty much guaranteed.

          Comment


            Originally posted by jamesbrown View Post
            That's for the autumn. Briefings were pretty clear about that. Next budget will be CGT and pensions, pretty much guaranteed.
            Ah fook, yes

            He is total twat for that

            Comment


              Originally posted by d000hg View Post

              It's designed not to penalise family companies who use profit as 'salary', I guess.
              Indeed, think of corner shops. The carve out is targeted at corner shops and definitely not us. We'll be paying 25% or pretty close to it (as AtW says, the taper will be rapid).

              Comment


                Originally posted by d000hg View Post
                Compared to the alternatives, seems like it. If you look at things dispassionately rather than only if you will end up better off. Got to get the money somewhere.
                This .....

                Got to tax you one man band companies to fund my stamp duty holiday cash


                Of course, when I go back contracting then I'll be well miffed
                I am what I drink, and I'm a bitter man

                Comment


                  roll up roll up gamble yer pension here.

                  Always forgive your enemies; nothing annoys them so much.

                  Comment


                    Originally posted by jamesbrown View Post

                    Even if it doesn't, 250k is a tiny business.
                    lots of tiny businesses out there, its profit not turnover.

                    https://www.statista.com/statistics/...terprise-size/

                    Always forgive your enemies; nothing annoys them so much.

                    Comment


                      No ir35 mentioned, looks like it's been dropped.

                      Comment

                      Working...
                      X