The Budget 2009

[PCW1983]

Being announced now.

 

 

 

[SEMTEX]

A 50% income tax rate for those earning £150,000 or more a year will come in from April next year.

 

Jesus H Christ. If this was America there would be uproar about the Socialists etc taking over.

 

 

[AyeDubbleYoo]

That's a massive amount TBH, it is really the very biggest earners, non-domiciles and business tax evaders we should be hitting the hardest.

[PCW1983]

National debt will be 79% of GDP in 2014.....:-O

[PCW1983]

Alcohol up 2% from midnight, best go try and evade the rise now lol

[SEMTEX]

Wealthy alcoholics screwed over once again

[Guest toonlass]

Tobacco prices also going up due to tax. Rich smoking drinkers to be hit in the pocket. Hahaha 

[McCormick]

Tobacco prices also going up due to tax. Rich smoking drinkers to be hit in the pocket. Hahaha 

 

Glad I don't work in England.

[SEMTEX]

The total annual limit for ISAs will increase to £10,200

 

Bit of a jump like.

[SEMTEX]

bah

 

ISA saving limits raised to £10,200 of which £5,100 can be in cash

[Turnbull2000]

The total annual limit for ISAs will increase to £10,200

 

Bit of a jump like.

 

Only if you're over 50 

[GG]

That's a massive amount TBH, it is really the very biggest earners, non-domiciles and business tax evaders we should be hitting the hardest.

 

All it does is just drive more abroad. If they were perhaps to reduce taxes to a more stomachable level for the very rich, maybe less of them would actually try to evade it, perhaps income would increase/be at a similar level to now. But it would reduce enforcement costs to try and catch these buggers hugely, promoting efficiencyz.

[Dave]

The £2,000 for an old car thing is interesting.

 

Full info here on the rules and that: http://www.direct.gov.uk/en/Motoring/BuyingAndSellingAVehicle/AdviceOnBuyingAndSellingAVehicle/DG_177693

[madras]

That's a massive amount TBH, it is really the very biggest earners, non-domiciles and business tax evaders we should be hitting the hardest.

 

All it does is just drive more abroad. If they were perhaps to reduce taxes to a more stomachable level for the very rich, maybe less of them would actually try to evade it, perhaps income would increase/be at a similar level to now. But it would reduce enforcement costs to try and catch these buggers hugely, promoting efficiencyz.

would it be so hard that incomes earned in this country (both business and personal) be taxed in this country ?

[GG]

That's a massive amount TBH, it is really the very biggest earners, non-domiciles and business tax evaders we should be hitting the hardest.

 

All it does is just drive more abroad. If they were perhaps to reduce taxes to a more stomachable level for the very rich, maybe less of them would actually try to evade it, perhaps income would increase/be at a similar level to now. But it would reduce enforcement costs to try and catch these buggers hugely, promoting efficiencyz.

would it be so hard that incomes earned in this country (both business and personal) be taxed in this country ?

 

Unfortunately, it appears as though it would be. Too many crafty buggers with their offshore accounts. I don't understand why they hate tax. They do fuck all with their money anyway.

[madras]

That's a massive amount TBH, it is really the very biggest earners, non-domiciles and business tax evaders we should be hitting the hardest.

 

All it does is just drive more abroad. If they were perhaps to reduce taxes to a more stomachable level for the very rich, maybe less of them would actually try to evade it, perhaps income would increase/be at a similar level to now. But it would reduce enforcement costs to try and catch these buggers hugely, promoting efficiencyz.

would it be so hard that incomes earned in this country (both business and personal) be taxed in this country ?

 

Unfortunately, it appears as though it would be. Too many crafty buggers with their offshore accounts. I don't understand why they hate tax. They do f*** all with their money anyway.

or is it too much bother to have a go at the press barons and "influential" business leaders who year after year weedle their way out of paying tax that the standard working person has to pay.

[SEMTEX]

The total annual limit for ISAs will increase to £10,200

 

Bit of a jump like.

 

Only if you're over 50 

 

is it?! cockfosters.

[Chrissy Bee]

The total annual limit for ISAs will increase to £10,200

 

Bit of a jump like.

 

Only if you're over 50 

 

is it?! cockfosters.

 

From what I can tell it's only the over 50s until the 10/11 tax year when everyone can join in.

[Mowen]

That's a massive amount TBH, it is really the very biggest earners, non-domiciles and business tax evaders we should be hitting the hardest.

 

All it does is just drive more abroad. If they were perhaps to reduce taxes to a more stomachable level for the very rich, maybe less of them would actually try to evade it, perhaps income would increase/be at a similar level to now. But it would reduce enforcement costs to try and catch these buggers hugely, promoting efficiencyz.

would it be so hard that incomes earned in this country (both business and personal) be taxed in this country ?

 

Annoys me beyond belief that. Especially when you see Jagger coming back to pick up his MBE, only he can't stick around too long as if he's in the country for more than X days a year he has to start paying his taxes. Unbelievable.

[AyeDubbleYoo]

That's a massive amount TBH, it is really the very biggest earners, non-domiciles and business tax evaders we should be hitting the hardest.

 

All it does is just drive more abroad. If they were perhaps to reduce taxes to a more stomachable level for the very rich, maybe less of them would actually try to evade it, perhaps income would increase/be at a similar level to now. But it would reduce enforcement costs to try and catch these buggers hugely, promoting efficiencyz.

would it be so hard that incomes earned in this country (both business and personal) be taxed in this country ?

 

Unfortunately, it appears as though it would be. Too many crafty buggers with their offshore accounts. I don't understand why they hate tax. They do f*** all with their money anyway.

or is it too much bother to have a go at the press barons and "influential" business leaders who year after year weedle their way out of paying tax that the standard working person has to pay.

 

I can see what GG is saying, but the basic principle is immutable IMO. Income earned in this country should be taxed at the full rate, no matter who you are.

 

I know it is expensive to enforce these things, but that goes for lots of laws.

[SEMTEX]

That's a massive amount TBH, it is really the very biggest earners, non-domiciles and business tax evaders we should be hitting the hardest.

 

All it does is just drive more abroad. If they were perhaps to reduce taxes to a more stomachable level for the very rich, maybe less of them would actually try to evade it, perhaps income would increase/be at a similar level to now. But it would reduce enforcement costs to try and catch these buggers hugely, promoting efficiencyz.

would it be so hard that incomes earned in this country (both business and personal) be taxed in this country ?

 

Unfortunately, it appears as though it would be. Too many crafty buggers with their offshore accounts. I don't understand why they hate tax. They do f*** all with their money anyway.

or is it too much bother to have a go at the press barons and "influential" business leaders who year after year weedle their way out of paying tax that the standard working person has to pay.

 

I'd be weedling my ass off if I got taxed 50% tbh.

[Guest Roger Kint]

The £2,000 for an old car thing is interesting.

 

Full info here on the rules and that: http://www.direct.gov.uk/en/Motoring/BuyingAndSellingAVehicle/AdviceOnBuyingAndSellingAVehicle/DG_177693

 

How many people have a car over 10 year old and can afford to repay a loan for the difference though? Hardly an encouragement to kickstart the car industry to be honest.

[Dave]

The £2,000 for an old car thing is interesting.

 

Full info here on the rules and that: http://www.direct.gov.uk/en/Motoring/BuyingAndSellingAVehicle/AdviceOnBuyingAndSellingAVehicle/DG_177693

 

How many people have a car over 10 year old and can afford to repay a loan for the difference though? Hardly an encouragement to kickstart the car industry to be honest.

 

You could get some cracking deals on car finance when I last used it, and that was five years ago. A young worker looking to trade up from their first or second banger should find this pretty useful IMO. Pay or borrow £3-4k and get a nice little motor brand new.

[Rob W]

basically it wa s ado nothing budget - a few quid off people here , a bit of help to people there

 

NO-ONE is willing to say what cuts will be necessary - because they are going to be BIG and affect everyone

 

In fact there are only three places you can make the sort of cuts necessary

 

"Social Protection" £ 189 Bn

 

"Health"  £ 119 Bn

 

"Education"  £ 88bn

 

The gap bewteen tax and spend this year is £ 175 BN -

 

you would have to cut ALL of Defence, Transport, Public Order, Industry & Agric, Housing and Social Services and you'd just about balance the budget if you leave the big three untouched

[Mowen]

I agree with your first sentance actually Rob. I've got no realy problem with any of the measures that were introduced in the budget, I just can't see how it's going to be enough.