Budget Thread

[ratewhore]

The BBC ticker mentioned an Employers NI break for those setting up small businesses outside The Stinking Hole and The (stinky) South East, but how on earth do they plan to adminsiter and police that?

ask your accountant.

[DimPrawn]

The BBC ticker mentioned an Employers NI break for those setting up small businesses outside The Stinking Hole and The (stinky) South East, but how on earth do they plan to adminsiter and police that?

Create a quango that costs £10bn a year to oversee it.

Oh no, hang on, Labour are out now aren't they.

[Peoplesoft bloke]

fookin hell, it gets worse - hazel blears is now on the telly...

I would never get tired of stamping on her little weasel face (wearing crampons)

[Peoplesoft bloke]

Create a quango that costs £10bn a year to oversee it.

Oh no, hang on, Labour are out now aren't they.

yes it'll be an 11bn one now

[minestrone]

I would never get tired of stamping on her little weasel face (wearing crampons)

"There will be no limit on immigration as long as there are fields to build on".

Lend me those crampons when you are finished, I want a shot.

They are totally deluded standing from the side lines shouting they know how to run this country. They should be carried off to the mad house.

[MrRobin]

I think the budget was fair enough under the circumstances. The reduction in CT is a plus point. The increase in VAT could mean the FRS works in our favour, but I haven't crunched the numbers.

There doesn't seem to be any mention of FRS rates in the ful report. I guess they will be annouced closer to the end of the year. I reckon they will go up from 13% to 15% for us IT folk which would mean we'd be £225 worse off for every £100k invoiced.

[TykeMerc]

I would never get tired of stamping on her little weasel face (wearing crampons)

Harsh (but probably fair).

[Moscow Mule]

There doesn't seem to be any mention of FRS rates in the ful report. I guess they will be annouced closer to the end of the year. I reckon they will go up from 13% to 15% for us IT folk which would mean we'd be £225 worse off for every £100k invoiced.

It mentions it. Rates were published the next day the last time they fiddled with it IIRC

2.91 Rates under the flat rate scheme for small businesses will be increased
from 4 January 2011, to reflect this change in the standard rate.

[THEPUMA]

Flat rate for IT contractors up to 14.5% from 13%. So someone billing £100K + VAT will pay make an additional profit per annum of £375, before taking account of any additional input VAT they might pay.

PUMA

[Bunk]

Flat rate for IT contractors up to 14.5% from 13%. So someone billing £100K + VAT will pay make an additional profit per annum of £375, before taking account of any additional input VAT they might pay.

PUMA

Woohoo!! Boomed I tell you!! This would never have happened under Labour