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Mini Budget aka Fiscal Statement
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Originally posted by jamesbrown View PostIt has mostly been leaked, as usual.
One prediction, I suppose, although not a confident one: when they reverse the NI increase, they probably won't reverse the increase in dividend taxationFrom April 2023 Mr Kwarteng will also scrap an increase to dividend tax. This change was brought in alongside the payroll tax increase to raise taxes on people paid in a different way.Comment
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Originally posted by SueEllen View Post"A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George OrwellComment
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https://www.telegraph.co.uk/politics...y-freeze-live/
But no mention of the NI threshold????
Is that going back also?Comment
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Originally posted by mallisarealperson View Posthttps://www.telegraph.co.uk/politics...y-freeze-live/
But no mention of the NI threshold????
Is that going back also?Comment
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This article (paywalled) goes big on the IR35 review but, ultimately, a review isn’t reform and the HMT and HMRC opposition to reform will be massive:
https://www.ft.com/content/ff7ec897-...d-bebab0f2a612
The government is also pursuing changes to how self-employed business owners are taxed, to free small companies from unnecessary costs. Truss is committed to reviewing the tax levied on one-person businesses, freelancers and contractors under so-called IR35 rules, which have been attacked for adding the sorts of costs that permanent employees face without the associated benefits. IR35 rules have been overhauled in recent years, shifting responsibility from contractors to employers over whether they should be considered to be employees for tax purposes. Employers fearing large tax bills have as a result chosen not to use contractors, which has had a chilling effect on the freelance economy.Comment
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Whatever they do about stamp duty won't be replicated in Wales no doubt, which a relief in a way. House prices near me have gone crazy a 3 bed Semi detached house down the road just sold for £210k I know it doesn't sound a lot but I live in a small village and it's not the most sought after area, the property was bought 4 years ago for £120k. Salaries outside of Cardiff are pretty low too, I just can't fathom what is going on.In Scooter we trustComment
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Originally posted by mattster View Post
Agree that stamp duty is a tulipty tax, particularly in the way that it inhibits free movement, but they are not getting rid of it for that reason - they are simply trying to pump the housing market up again (and they'll probably succeed..).
Also all the emergency budgets to help people with the cost of living will only push inflation up, it's like bloody covid relief funds once again with billions "free" cash printed. And yes I realise the government is between a hard place and a rock, but it doesn't change reality.Comment
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Originally posted by dsc View Postapparently people had way more money left after paying their mortgages, so paying a bit more monthly wasn't such a massive shock.
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