FORUMS > The Sin Bin > The Budget 2012 |
|
Rank | Posts | Team |
International Chairman | 47951 | No Team Selected |
Joined | Service | Reputation |
May 2002 | 23 years | |
Online | Last Post | Last Page |
Aug 2017 | Jul 2017 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote: Andy Gilder "I'm interested to know how it will be by email, given that HMRC don't currently ask for the email addresses of self assessment taxpayers and make a point of saying they won't contact you by email unless you specifically request it to avoid people falling for phishing scams.
IMO it will go out with the paper self assessment statements that are issued to taxpayers, or potentially be available online to those who are registered with HMRC Online services.'"
And didn't councils do this for a while with council tax – before dropping it because it cost so much to do?
|
|
|
Rank | Posts | Team |
Moderator | 14395 | No Team Selected |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
May 2024 | May 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
Moderator
|
| Quote: Saddened! "
There are some positives in the budget such as fuel duty being frozen for haulage companies and the creation of a tax credits scheme for video game and TV show development companies. But overall, all the budget will do is give Labour an enormous rise in the opinion polls and give their media outlets a week of glorious headlines about how much money the rich are going to save.'"
Well if the rich are going to save a load of cash when the rest of us fund the governments austerity polices why would you object to this being pointed out?
Even the idea the reduction in child benefit won't affect people who earn £50K instead of those who hit the higher rate is bonkers. Now a couple earning £99,999 can keep it whereas a single earning family on £50K lose it!
Even crazier is with the increase in personal tax allowance the more realistic scenario of a couple each earning £25K each will be about £5K a year better off than the one earner £50K household because they keep the child benefit and get two personal tax allowances compared to one. How idiotic is that?
The increased personal allowance isn't progressive either. Pensioners on the state pension (as is anyone already not paying tax) won't be any better off but are still having to pay increased VAT etc. Yet those families lucky enough to have two in work paying tax who are already doing OK will as I said get two tax breaks.
If you don't want the effects of these policies pointed out to you in the press, what do you want? People to remain uninformed and so vote these nutters in again?
|
|
|
Rank | Posts | Team |
Player Coach | 1662 | No Team Selected |
Joined | Service | Reputation |
Oct 2009 | 15 years | |
Online | Last Post | Last Page |
Apr 2014 | Mar 2014 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote: Live Wired "icon_cry.gif
stop laying frankel and big buck's then.
|
|
|
Rank | Posts | Team |
Club Owner | 29214 | No Team Selected |
Joined | Service | Reputation |
Jul 2003 | 21 years | |
Online | Last Post | Last Page |
Nov 2024 | Nov 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote: DaveO "Well if the rich are going to save a load of cash when the rest of us fund the governments austerity polices why would you object to this being pointed out?'"
I don't. I'm saying it's a strange budget to come up with. It seems, on first glance to be a perfect set of media soundbites for the opposition, as if they've turned a shotgun on their face and offered Milliband the trigger. I'm not suggesting the media should portray it any differently.
|
|
|
|
Rank | Posts | Team |
Moderator | 14395 | No Team Selected |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
May 2024 | May 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
Moderator
|
| Quote: Saddened! "I don't. I'm saying it's a strange budget to come up with. It seems, on first glance to be a perfect set of media soundbites for the opposition, as if they've turned a shotgun on their face and offered Milliband the trigger. I'm not suggesting the media should portray it any differently.'"
OK fair enough.
By the way, the biggest bullet in the gun is probably the change to the pensioners personal tax allowances. The higher ones you automatically get once you retire which increases again when you hit 75.
These are going to be frozen for existing pensioners and scrapped completely for people who retire from now on.
What is means is between now and 2016/17 tax year the treasury will save £3.3bn off the backs of pensioners paying more tax. This will go toward the cost of paying for the increase in personal allowance for working people.
The paper and the opposition ought to rip them apart over this. Robbing pensioners to pay for tax breaks to the rest of us?
|
|
|
Rank | Posts | Team |
International Chairman | 47951 | No Team Selected |
Joined | Service | Reputation |
May 2002 | 23 years | |
Online | Last Post | Last Page |
Aug 2017 | Jul 2017 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote: DaveO "OK fair enough.
By the way, the biggest bullet in the gun is probably the change to the pensioners personal tax allowances. The higher ones you automatically get once you retire which increases again when you hit 75.
These are going to be frozen for existing pensioners and scrapped completely for people who retire from now on.
What is means is between now and 2016/17 tax year the treasury will save £3.3bn off the backs of pensioners paying more tax. This will go toward the cost of paying for the increase in personal allowance for working people.
The paper and the opposition ought to rip them apart over this. Robbing pensioners to pay for tax breaks to the rest of us?'"
And this was after that stuff about older people working longer because it keeps them from getting lonely, right?
|
|
|
|
Rank | Posts | Team |
International Chairman | 6038 | No Team Selected |
Joined | Service | Reputation |
Apr 2002 | 23 years | |
Online | Last Post | Last Page |
Mar 2017 | Feb 2017 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote: Saddened! "I don't. I'm saying it's a strange budget to come up with. It seems, on first glance to be a perfect set of media soundbites for the opposition, as if they've turned a shotgun on their face and offered Milliband the trigger. I'm not suggesting the media should portray it any differently.'"
Isn't it the classic "Do all you're nasty stuff in the first three budgets, then have two popular ones" strategy?
|
|
|
Rank | Posts | Team |
Club Owner | 29214 | No Team Selected |
Joined | Service | Reputation |
Jul 2003 | 21 years | |
Online | Last Post | Last Page |
Nov 2024 | Nov 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote: Cibaman "Isn't it the classic "Do all you're nasty stuff in the first three budgets, then have two popular ones" strategy?'"
Could well be. Get it out of the way and just let it all descend into a tit for tat arguement that the public loses interest in, then pop £0.10 off fuel duty and raise benefits before the election.
|
|
|
|
Rank | Posts | Team |
International Chairman | 17134 | No Team Selected |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Sep 2020 | Aug 2020 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote: Andy Gilder "I'm interested to know how it will be by email, given that HMRC don't currently ask for the email addresses of self assessment taxpayers and make a point of saying they won't contact you by email unless you specifically request it to avoid people falling for phishing scams.
IMO it will go out with the paper self assessment statements that are issued to taxpayers, or potentially be available online to those who are registered with HMRC Online services.'"
If everyone's tax is spent in the same way, and you'd have to assume it would be, a simple web application would do it. i.e. if x% goes on defence and y% on the NHS, the app could just use your tax paid figure and split it up. With a bit more work it could do the same from your personal details and NI number.
|
|
|
Rank | Posts | Team |
International Chairman | 28357 | |
Joined | Service | Reputation |
Feb 2002 | 23 years | |
Online | Last Post | Last Page |
May 2024 | Oct 2019 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
|
|
|
|
Rank | Posts | Team |
International Chairman | 17134 | No Team Selected |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Sep 2020 | Aug 2020 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote: Live Wired "icon_cry.gif
A good example of why the 50% rate is being reduced, there are parallels between the two taxes.
|
|
|
Rank | Posts | Team |
Club Coach | 2453 | |
Joined | Service | Reputation |
Nov 2004 | 20 years | |
Online | Last Post | Last Page |
Oct 2020 | Oct 2020 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Nice of the government to pretend that the price of beer is not going up when in fact its going up by 5.4% a pint. 2% plus rate of inflation
|
|
|
Rank | Posts | Team |
International Star | 148 | No Team Selected |
Joined | Service | Reputation |
Sep 2010 | 14 years | |
Online | Last Post | Last Page |
Jan 2015 | Jan 2015 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Noticed Osbourne did not once utter the phrase " were all in this together ", but all the front bench of millionaires blushed when Milliband asked them to nod if they were now to get a 5% tax cut. Hypocrites
|
|
|
Rank | Posts | Team |
International Board Member | 28186 | No Team Selected |
Joined | Service | Reputation |
Apr 2003 | 22 years | |
Online | Last Post | Last Page |
Aug 2016 | Aug 2016 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote: Richie "If everyone's tax is spent in the same way, and you'd have to assume it would be, a simple web application would do it. i.e. if x% goes on defence and y% on the NHS, the app could just use your tax paid figure and split it up. With a bit more work it could do the same from your personal details and NI number.'"
According to the further detail now published on the HMRC website, these statements will only be available to customers who submit their tax returns online. So presumably it will just be an extra option once you log on to SA Online.
So if you're a PAYE employee or submit your returns on paper, you're probably not going to get one.
|
|
|
Rank | Posts | Team |
Player Coach | 1061 | No Team Selected |
Joined | Service | Reputation |
Dec 2006 | 18 years | |
Online | Last Post | Last Page |
Aug 2013 | Aug 2013 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote: Live Wired "icon_cry.gif
Fag machines already gone from our local pubs....
|
|
|
|
|
|