Originally posted by Wiki
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Reply to: Keeping promises
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Previously on "Keeping promises"
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<cough>
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It's like a dream from the other side of time that VAT was once 8%.
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Originally posted by Excursion UK View Post...and don't forget that VAT went up from 17.5% to 20% (via a period on 15%) to bail us out of the last crisis.
Hang on a minute, isn't austerity over?
Apparently, yes, but it's another thing that underlines that old maxim that states something along the lines of the drastic measures taken by governments during a crisis are never rolled back 100% to restore the previous status quo.
Income Tax was the first tax in British history to be levied directly on people's earnings. It was introduced in 1799 by the then Prime Minister William Pitt the Younger, as a temporary measure to cover the cost of the Napoleonic Wars.
Today, it remains a temporary tax, which expires on April 5 each year, and has to be renewed as a provision in the annual Finance Bill. The Provisional Collection of Taxes Act 1913 permits the Government to continue to collect Income Tax for up to four months after the expiry of the measure, until the Finance Bill becomes law.
Deduction at source was introduced in 1803 by Henry Addington. At this time, the amount charged was reduced from the original rate of 10 per cent on incomes in excess of £60 per annum, but the earnings threshold was widened to double the size of the liable population.
Income Tax was formally repealed in 1816, a year after the Battle of Waterloo, but it was reintroduced in 1842 by Sir Robert Peel to deal with a massive public deficit. At this time, it was levied only on the very rich, and it remained so for many years. In 1874, it contributed only £6 million of Government revenues of £77 million.
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Originally posted by elsergiovolador View PostAll taxes should go down, at the moment the % is ridiculous.
Plus they should drop any red tape when it comes to employment. Ironically this is what IR35 is going to do, but at demotivating tax.
Hang on a minute, isn't austerity over?
Apparently, yes, but it's another thing that underlines that old maxim that states something along the lines of the drastic measures taken by governments during a crisis are never rolled back 100% to restore the previous status quo.
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Originally posted by Old Greg View Post
You might be right, but by the twenty-second wave, it could be squeaky bum time.
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Once Labour is in, he'll be slagging them off and not joining him would be high treason ...
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Originally posted by Old Greg View PostYou might be right, but by the twenty-second wave, it could be squeaky bum time.
Originally posted by Zigenare View PostBeing Russian isn't a "race".
Originally posted by Zigenare View PostPulling up our commie subversive friend on his hatred of the country that has provided succour in his flight from conscription does not mean "I love the government".
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Originally posted by Zigenare View PostPulling up our commie subversive friend on his hatred of the country that has provided succour in his flight from conscription does not mean "I love the government".
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Originally posted by SueEllen View PostI always find it interesting that racists don't understand what racism is particularly when they claim to love the government so much.
They clearly don't understand the laws the government passes-
Equality Act 2010
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I always find it interesting that racists don't understand what racism is particularly when they claim to love the government so much.
They clearly don't understand the laws the government passes-
Equality Act 2010
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