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50% rate to reduce to 45% in April 2013
Tax free allowance to increase to £9,000ish in April 2013 (I'll be listening out for whether the 40% threshold reduces by the same amount)
SDLT to increase to 7% for property > £2m
Fuel duty rises 3p in August
Income at which child benefit is scrapped raised to £50k
we're getting rid of one car and might even two. leaving just the vintage morris to rely on. I'm looking around for a bicycle in the meantime...times are tough we're having to cut costs everywhere.
McCoy: "Medical men are trained in logic." Spock: "Trained? Judging from you, I would have guessed it was trial and error."
Too little too late? If such a high rate of "super tax" is causing the rich to pay less tax due to avoidance, then surely, the sooner the rate is reduced, the better?
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