Budget Thread

[MrRobin]

small print...

The 14.5% FRS rate for IT consultancy is confirmed - great!

In the small print it mentions that the income tax band thresholds will be reduced by ~£2500 for the basic rate. I.e. the amount of divis you can pay before the extra 22.5% tax kicks in will be less (by around £1500)

I knew there'd be something!

[threaded]

And in the small print, IR35
will now be abolished.

Hopefully the scum-bag civil savants that pushed for it, if they can't be fired, moved to less demanding positions. Like what they're doing at the MOD currently.

[Fred Bloggs]

In the small print it mentions that the income tax band thresholds will be reduced by ~£2500 for the basic rate. I.e. the amount of divis you can pay before the extra 22.5% tax kicks in will be less (by around £1500)

Link please?

[Moscow Mule]

Won't the NQT lot also be there, also competing with a correspondingly lower salary?

Yes, but the gap will be less & the experience might outweigh the extra cost for a few head teachers.

[Sysman]

Yes, but the gap will be less & the experience might outweigh the extra cost for a few head teachers.

Good point. It sounds like a plan.

[lilelvis2000]

and go where?

South Asia?

[threaded]

South Asia?

German car makers are on the up because of increasing demand from India and China.

[MrRobin]

Link please?

http://www.hm-treasury.gov.uk/d/junebudget_complete.pdf

1.94 To ensure that support will be focused on those on low and
middle incomes the Government will reduce the level of the basic
rate limit. The National Insurance Upper Earnings/Profit Limit will
also be reduced to keep it aligned with the income tax higher rate
threshold. Based on current Retail Prices Index (RPI) forecasts the basic rate
limit will be reduced by £2,500 and the higher rate threshold by £1,650
below plans the Government inherited. Exact figures will be confirmed in the
autumn. These changes will mean that higher rate-taxpayers will not benefit
from this measure.

[Fred Bloggs]

Thanks.

[Sysman]

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