Budget 2012

[Zoiderman]

Where did I say he should run the company? I was talking about his response he ridiculed the budget and was quite funny too. He is a politician not a economist so he is going to try and score points, which he did and scored many.

He couldn't score in a brothel, so I'd be surprised there. A real turd burglar from the top drawer

[amcdonald]

house above the shop & all the out of date Tizer you can drink, jobs a good un.

Actually if you subtract housing, transport, Energy, insurances then you don't actually need that much.

Don't forget Hector will deem you to have consumed some of your own stock unless you can prove otherwise and tax you on it

[Platypus]

With nicer people and better beer.

Compared to London, yes I'm sure. Compared to my neck of the English woods, no.

[Platypus]

Lots of pundits now saying that the £42k limit for 40% tax will be reduced next year too, but by how much no one can say.

[MrRobin]

Tax free allowance to increase to £9,205 in April 2013 (I'll be listening out for whether the 40% threshold reduces by the same amount

Bastards! On page 29 of the budget pdf, it says the 40% threshold will come down by £2,125, so the amount you earn before paying 40% will be reduced by £1,025! I.e. we're £206 worse off.

[Platypus]

Bastards! On page 29 of the budget pdf, it says the 40% threshold will come down by £2,125, so the amount you earn before paying 40% will be reduced by £1,025! I.e. we're £206 worse off.

<pub know-all>

Quite right you rich bastard!!

</pub>

[doodab]

It gets a thumbs up from me.

Hopefully the consultation on integrating income tax and NICs and the GAAR will be handled well.

[AtW]

Hopefully the consultation on integrating income tax and NICs and the GAAR will be handled well.

You really think any chancellor or PM will allow showing true income tax rate of around 50% for everybody and much more for others?

[AtW]

"Cap on unlimited reliefs – The Government will, from 6 April 2013, introduce a new cap on income tax reliefs to ensure that those on higher incomes cannot use income tax reliefs excessively. For anyone seeking to claim more than £50,000 of relief, a cap will be set at 25 per cent of income (or £50,000, whichever is greater). The Government will explore with philanthropists ways to ensure this new limit of uncapped reliefs will not impact significantly on charities that depend on large donations. (Finance Bill 2013) (4)"

Well, there go massive donations from natural persons - they'd be expected to pay tax on those

[jonbon]

4% reduction

why CT reduction for big firms is 4% and we SME's get none? we should also go to CT=16%??