Budget cancelled

[d000hg]

Think you'll find that in the new tory world, judicial scrutiny, parliamentary scrutiny and press scrutiny will all be legislated into history.

So you'd like them to waste time drawing up a budget? We're still in the "pay for it now figure it out later" stage.

Good idea to cancel.

[eek]

Everything is pointing towards a stagflationary future.

Stagflation is fine provided the interest being charged on the government debt is fixed...

[heyya99]

I’m currently going through liquidation of my company with the distribution next month. Does this mean I’ll have escaped any mooted CGT changes? I need to know!

The event must be held every year as the precursor to a finance bill, which sets out the government’s tax and spending priorities. That forced Sunak to hold a budget in March this year, just before the financial year ended on 5 April.

As coronavirus derails UK budget plans, what happens now? | UK news | The Guardian

That's annoying. I'd prefer to get it over with now.

[TwoWolves]

First aim will be to inflate it away - only if that fails will tax be tried.

Everything is pointing towards a stagflationary future.

[heyya99]

I’m currently going through liquidation of my company with the distribution next month. Does this mean I’ll have escaped any mooted CGT changes? I need to know!

[jamesbrown]

First aim will be to inflate it away - only if that fails will tax be tried.

All the kite flying was exaggerated, by definition, but taxes are only heading in one direction. Especially in Autumn 2021/April 2022. Dividend tax, capital gains tax, pension annual allowance and a bunch of stealth taxes and freezing of thresholds. They probably won’t break their manifesto, so the other stuff will need to do the heavy lifting.

[eek]

Jobs, jobs, jobs may be the current priority but that will shortly become tax, tax, tax.

First aim will be to inflate it away - only if that fails will tax be tried.

[jamesbrown]

Jobs, jobs, jobs may be the current priority but that will shortly become tax, tax, tax.

[jamesbrown]

Coronavirus: Autumn Budget to be scrapped this year - BBC News

Does that mean no IR35 in April or will there just be a finance bill and this is bollocks?

Nah, that is already law. Last Finance Act.

[darmstadt]

Johnson has only managed one and that had to be delayed

Sent from my 5g carrier pigeon

[TestMangler]

Isn't it mandatory to have 1 budget in a tax year? Or did I hear that wrong.

Think you'll find that in the new tory world, judicial scrutiny, parliamentary scrutiny and press scrutiny will all be legislated into history.

[heyya99]

Coronavirus: Autumn Budget to be scrapped this year - BBC News

Does that mean no IR35 in April or will there just be a finance bill and this is bollocks?

Isn't it mandatory to have 1 budget in a tax year? Or did I hear that wrong.

[Lance]

Coronavirus: Autumn Budget to be scrapped this year - BBC News

Does that mean no IR35 in April or will there just be a finance bill and this is bollocks?