Originally posted by threaded
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Reply to: Can we get this cash?
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Previously on "Can we get this cash?"
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Originally posted by lukemgScottish tw*t was on radio five yesterday - 'we must stop foreigners coming here and using incorporation to avoid paying tax' - nice shift onto the immigrants to damp down any objections.
So what is that silly one eyed fsck up on with now?
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Scottish tw*t was on radio five yesterday - 'we must stop foreigners coming here and using incorporation to avoid paying tax' - nice shift onto the immigrants to damp down any objections.
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Originally posted by Swamp ThingNo acknowledgement that although many of us choose to take out profits, they are all course redistributed in various ways back into the economy, which is still a good thing.
It is not for you or I to decide where money should be redistributed. We should give all ours to the Government and then they will distribute it for us, better.
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Can I spend the £50K on .NET Assemblies developed by
my Plan B Ltd company?
My Plan B Ltd does not fall under IR35 and I can split the
returns against the 3 shareholders who watch daytime telly allday.
Is this possible?
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Originally posted by DimPrawnI want some of this. Can I get it?
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I think Gordo means that if as a small business you are going to keep your profits in the business, expand it, take on staff etc etc, then I suppose the incentives can apply. Conversely he is saying that small ltds who take all the profits out as divvies (i.e. most of us) can get stuffed. So much for his "small companies are the engines of growth in the UK" speech. No acknowledgement that although many of us choose to take out profits, they are all course redistributed in various ways back into the economy, which is still a good thing. We still contribute to GDP one way or the other.
But no, this is just the imposition of Gordo's will above all else. He's all heart isn't he?
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Do pay attention. It means that is you spend a lump of money in a way that fits the rules, you don't have to pay CT on it. You don't actually get any extra money up front. Nor do you have any more money when you've finished, unless your return on investment is very good indeed.
So what can the average OMB buy for £50k that is directly and wholly necessary for his business, I wonder. A gold-encrusted laptop perhaps?
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I think ther budget mentioned "plant" - whether that means flowers for the wife or a JCB to get back and forth to work wasn't elaborated on...
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I plan to allocate some funds into research and development (R&D) on how to get the next gig.
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Originally posted by milanbeneswhat is capital investment
buying cars, equipment, property ?
Milan.
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what is capital investment
buying cars, equipment, property ?
Milan.
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Can we get this cash?
Although he said the rate of corporation tax for small firms would rise, the revenues raised would be recycled to "legitimate businesses investing for the future".
Small firms will be able to claim a new 100% relief for new capital investment up to £50,000, claim a new tax credit for environmental investment, and the tax credit for research and development (R&D) will rise to 175%.Tags: None
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