The Official DOOM: Autumn Statement (heavy tax increases)

[DoctorStrangelove]

Vote Tory for A Better Britain.

Are the pips squeaking yet?

Only Little People pay taxes.

[dsc]

The leaked list, no doubt with more under the hood. Watch out for BADR too.

Can't wait for the 5% council tax increase and see how much less they can achieve with this.

[CheeseSlice]

So the Tories are socialists now?

[AtW]

So the Tories are socialists now?

Yes, they are “socialising” their losses onto taxpayers

[AtW]

So no CGT rate going up?
Divi tax not up other than keeping Rishi’s increase?

[_V_]

So no CGT rate going up?
Divi tax not up other than keeping Rishi’s increase?

Rates are not changing, but the allowance is reducing.

The tax free allowance for capital gains will reduce in 2023-24 from £12,300 to £6,000 and again to £3,000 in 2024-25. 

[_V_]

As much as I hate these ***** it's a good a budget as they could have come up with given the circumstances.

In what way is this a good budget? By freezing the tax bands, whilst inflation rips, and any pay rises end up as more tax taken, whilst council tax surges, many people will be far worse off.

• Income tax thresholds frozen
• Inheritance tax threshold frozen
• Stamp duty higher thresholds to end
• Capital gains tax, tax free allowances slashed
• Rent rises capped at 7%
• Council tax rises
• Increased energy costs next year

[AtW]

Rates are not changing, but the allowance is reducing.

The tax free allowance for capital gains will reduce in 2023-24 from £12,300 to £6,000 and again to £3,000 in 2024-25. 

Guess Chunt left it to Labour to increase rates

[_V_]

Council tax next year

As it stands, local authorities cannot raise council tax above 2.99%, plus a 1% levy for social care without a local referendum.

Hunt has allowed councils to increase council tax by 5% without a referendum. This money will go to local authorities, reducing the risk of councils needing to be bailed out.

[Zigenare]

Council tax next year

As it stands, local authorities cannot raise council tax above 2.99%, plus a 1% levy for social care without a local referendum.

Hunt has allowed councils to increase council tax by 5% without a referendum. This money will go to local authorities, reducing the risk of councils needing to be bailed out.

Unless of course they're a Labour led council in which case as history shows, you're fcked!